Nomad Foods Limited (NYSE:NOMD) Given Average Recommendation of “Hold” by Brokerages

Shares of Nomad Foods Limited (NYSE:NOMD) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.25.

Several research analysts have weighed in on the company. Barclays lifted their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of Nomad Foods in a report on Friday, August 14th. Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd.

Nomad Foods Price Performance

Shares of NOMD opened at $10.51 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. Nomad Foods has a 1-year low of $8.99 and a 1-year high of $13.48. The stock has a market cap of $1.47 billion, a PE ratio of 10.30 and a beta of 0.69. The firm has a fifty day moving average price of $11.62 and a 200 day moving average price of $10.64.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. The business had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%.The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, sell-side analysts anticipate that Nomad Foods will post 1.63 EPS for the current year.

Nomad Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.5%. The ex-dividend date was Tuesday, August 11th. Nomad Foods’s dividend payout ratio is presently 66.67%.

Insider Transactions at Nomad Foods

In related news, CEO Dominic Brisby purchased 50,000 shares of Nomad Foods stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $12.38 per share, for a total transaction of $619,000.00. Following the transaction, the chief executive officer owned 726,794 shares in the company, valued at approximately $8,997,709.72. The trade was a 7.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ruben Baldew purchased 28,290 shares of Nomad Foods stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $11.85 per share, with a total value of $335,236.50. Following the completion of the transaction, the chief financial officer owned 367,172 shares in the company, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Trading of Nomad Foods

A number of institutional investors have recently bought and sold shares of NOMD. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Nomad Foods during the 4th quarter worth about $11,147,000. Invenomic Capital Management LP grew its holdings in Nomad Foods by 75.9% in the fourth quarter. Invenomic Capital Management LP now owns 1,675,263 shares of the company’s stock valued at $20,958,000 after purchasing an additional 722,995 shares during the period. Ancora Advisors LLC acquired a new position in Nomad Foods during the second quarter worth approximately $6,465,000. Endure Capital Management LLC acquired a new position in Nomad Foods during the first quarter worth approximately $4,236,000. Finally, Sound Income Strategies LLC increased its position in Nomad Foods by 102.3% during the first quarter. Sound Income Strategies LLC now owns 676,241 shares of the company’s stock worth $6,472,000 after purchasing an additional 341,964 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

About Nomad Foods

Nomad Foods is a European food company focused on the frozen-food market. Its portfolio includes frozen fish, vegetables, meals, poultry products, potato products and ice cream, which it sells through retail and foodservice channels.

The company’s principal brands include Birds Eye in the United Kingdom and other markets, Findus in several European countries, and iglo in Germany, Austria and other parts of continental Europe. Its portfolio also includes Aunt Bessie’s and Goodfella’s, among other regional brands.

Nomad Foods was formed in 2014 and acquired the Iglo Group, including the Birds Eye, Findus and iglo businesses, in 2015.