Nomad Foods Limited (NYSE:NOMD) Receives $12.50 Consensus PT from Analysts

Nomad Foods Limited (NYSE:NOMD) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.50.

Several equities research analysts have commented on NOMD shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Barclays decreased their price objective on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research report on Wednesday, May 13th.

Nomad Foods Trading Down 0.0%

NYSE NOMD opened at $11.43 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.09 and a beta of 0.69. 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 12 month low of $8.99 and a 12 month high of $18.33. The company’s fifty day moving average price is $10.21 and its two-hundred day moving average price is $10.90.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $827.87 million for the quarter, compared to the consensus estimate of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.Nomad Foods’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, research analysts predict that Nomad Foods will post 1.75 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, May 28th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 6.0%. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Insider Buying and Selling

In other Nomad Foods news, CFO Ruben Baldew acquired 14,731 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $9.71 per share, with a total value of $143,038.01. Following the purchase, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. This trade represents a 4.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dominic Brisby bought 150,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the completion of the acquisition, the chief executive officer directly owned 676,794 shares in the company, valued at approximately $6,625,813.26. The trade was a 28.47% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 264,731 shares of company stock valued at $2,524,538 over the last three months.

Institutional Inflows and Outflows

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

Nomad Foods Company Profile

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.