UBS Group AG Buys 221,716 Shares of Nomad Foods Limited $NOMD

UBS Group AG grew its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 136.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,332 shares of the company’s stock after buying an additional 221,716 shares during the period. UBS Group AG’s holdings in Nomad Foods were worth $4,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthCollab LLC increased its position in shares of Nomad Foods by 242.0% during the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after buying an additional 1,452 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Nomad Foods during the third quarter valued at about $43,000. Mondrian Investment Partners LTD bought a new stake in shares of Nomad Foods during the third quarter valued at about $44,000. Osaic Holdings Inc. increased its position in shares of Nomad Foods by 87.4% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after buying an additional 1,240 shares during the period. Finally, Arizona PSPRS Trust bought a new stake in shares of Nomad Foods during the third quarter valued at about $121,000. 75.26% of the stock is currently owned by institutional investors.

Nomad Foods Price Performance

Shares of Nomad Foods stock opened at $10.12 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $1.42 billion, a PE ratio of 9.83 and a beta of 0.69. The business’s 50-day moving average price is $9.74 and its 200-day moving average price is $11.29. Nomad Foods Limited has a 12 month low of $8.99 and a 12 month high of $18.33.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Sell-side analysts forecast that Nomad Foods Limited will post 1.76 EPS for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 6.7%. Nomad Foods’s dividend payout ratio is 66.02%.

Insider Activity

In other news, CFO Ruben Baldew acquired 14,731 shares of Nomad Foods stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the transaction, the chief financial officer owned 338,882 shares of the company’s stock, valued at $3,290,544.22. This trade represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ian G. H. Ashken acquired 100,000 shares of Nomad Foods stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $9.13 per share, for a total transaction of $913,000.00. Following the completion of the transaction, the director directly owned 116,916 shares in the company, valued at approximately $1,067,443.08. The trade was a 591.16% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 264,731 shares of company stock worth $2,524,538. 17.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Mizuho lowered their price target on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Barclays lowered their price target on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

About Nomad Foods

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.