Nomad Foods Limited (NOMD) – What Are Researchers Thinking About This Stock?

Nomad Foods Limited (NYSE:NOMD) has earned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.50.

Several research firms have commented on NOMD. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research note on Tuesday, September 29th. Zacks Research downgraded shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 price objective on shares of Nomad Foods in a report on Wednesday, October 7th. Finally, Barclays boosted their target price on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th.

Insider Activity

In related news, CEO Dominic Brisby acquired 50,000 shares of Nomad Foods stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $12.38 per share, for a total transaction of $619,000.00. Following the completion of the transaction, the chief executive officer directly owned 726,794 shares of the company’s stock, valued at $8,997,709.72. The trade was a 7.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ruben Baldew acquired 28,290 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $11.85 per share, with a total value of $335,236.50. Following the transaction, the chief financial officer owned 367,172 shares of the company’s stock, valued at approximately $4,350,988.20. The trade was a 8.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 17.27% of the company’s stock.

Hedge Funds Weigh In On Nomad Foods

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in shares of Nomad Foods by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company’s stock valued at $29,063,000 after purchasing an additional 172,215 shares during the last quarter. Invenomic Capital Management LP raised 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 buying an additional 722,995 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Nomad Foods by 7.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,782,238 shares of the company’s stock valued at $17,127,000 after buying an additional 116,647 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Nomad Foods by 7.8% in the first quarter. Systematic Financial Management LP now owns 1,728,211 shares of the company’s stock worth $16,608,000 after acquiring an additional 124,389 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of Nomad Foods by 21.7% during the 3rd quarter. Congress Asset Management Co. now owns 1,531,380 shares of the company’s stock valued at $15,819,000 after acquiring an additional 272,805 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Stock Up 2.5%

NOMD stock opened at $11.78 on Friday. The stock has a market cap of $1.65 billion, a P/E ratio of 11.54 and a beta of 0.75. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. Nomad Foods has a twelve month low of $8.99 and a twelve month high of $13.08. The company’s 50 day moving average is $11.27 and its two-hundred day moving average is $10.76.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The firm had revenue of $825.94 million for the quarter, compared to analyst estimates of $825.02 million. During the same period last year, the business earned $0.40 EPS. Nomad Foods’s revenue for the quarter was down 3.1% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Research analysts expect that Nomad Foods will post 1.62 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, August 11th. Nomad Foods’s payout ratio is 66.67%.

Nomad Foods Company Profile

Nomad Foods Ltd. is a European food company focused on frozen foods. Its portfolio includes frozen fish, vegetables, poultry, potato products, meals, and desserts sold through grocery retailers and other food channels.

The company markets products under several established brands, including Birds Eye in the United Kingdom and Ireland, iglo in Germany and other European markets, Findus in parts of continental Europe, Aunt Bessie’s in the United Kingdom, and Goodfella’s frozen pizza in selected markets.