Nomad Foods Limited (NYSE:NOMD) Receives $12.50 Average Price Target from Analysts

Shares of Nomad Foods Limited (NYSE:NOMD) have received an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.50.

Several research firms recently commented on NOMD. Barclays cut their target price on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 price target (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, Mizuho lowered their price target on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd.

Nomad Foods Stock Up 0.3%

NYSE:NOMD opened at $10.47 on Monday. The firm’s 50 day simple moving average is $9.86 and its 200 day simple moving average is $11.08. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66. Nomad Foods has a one year low of $8.99 and a one year high of $18.33. The company has a market cap of $1.46 billion, a PE ratio of 10.16 and a beta of 0.70.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The business had revenue of $827.87 million for the quarter, compared to the consensus estimate of $804.00 million. During the same period last year, the company earned $0.21 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, research analysts anticipate that Nomad Foods will post 1.75 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.68 annualized dividend and a yield of 6.5%. Nomad Foods’s dividend payout ratio (DPR) is presently 66.02%.

Insiders Place Their Bets

In other news, CEO Dominic Brisby purchased 150,000 shares of the stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the acquisition, the chief executive officer owned 676,794 shares in the company, valued at $6,625,813.26. This trade represents a 28.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken purchased 100,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.13 per share, with a total value of $913,000.00. Following the acquisition, the director 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 90 days, insiders bought 264,731 shares of company stock worth $2,524,538.

Institutional Trading of Nomad Foods

Several hedge funds have recently modified their holdings of NOMD. Royal Bank of Canada increased its stake in shares of Nomad Foods by 9.2% in the 1st quarter. Royal Bank of Canada now owns 143,968 shares of the company’s stock valued at $2,829,000 after acquiring an additional 12,131 shares in the last quarter. Millennium Management LLC increased its stake in shares of Nomad Foods by 81.3% in the 1st quarter. Millennium Management LLC now owns 656,686 shares of the company’s stock valued at $12,904,000 after acquiring an additional 294,386 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Nomad Foods by 50.2% in the 1st quarter. Jane Street Group LLC now owns 75,847 shares of the company’s stock valued at $1,490,000 after acquiring an additional 25,358 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Nomad Foods in the 2nd quarter valued at $221,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Nomad Foods by 427.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 105,871 shares of the company’s stock valued at $1,799,000 after acquiring an additional 85,793 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

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.