Money Concepts Capital Corp Has $2.25 Million Stock Position in Nomad Foods Limited $NOMD

Money Concepts Capital Corp boosted its position in Nomad Foods Limited (NYSE:NOMD) by 24.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 233,883 shares of the company’s stock after acquiring an additional 46,288 shares during the quarter. Money Concepts Capital Corp’s holdings in Nomad Foods were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC lifted its position in Nomad Foods by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock worth $646,000 after acquiring an additional 726 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Nomad Foods by 0.4% in the second quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock valued at $4,564,000 after purchasing an additional 1,044 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Nomad Foods by 87.4% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after purchasing an additional 1,240 shares during the last quarter. WealthCollab LLC increased its stake in shares of Nomad Foods by 242.0% in the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after purchasing an additional 1,452 shares during the period. Finally, Nebula Research & Development LLC increased its stake in shares of Nomad Foods by 4.4% in the second quarter. Nebula Research & Development LLC now owns 35,152 shares of the company’s stock worth $597,000 after purchasing an additional 1,481 shares during the period. Institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

NOMD has been the subject of several recent analyst reports. Barclays decreased their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated 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. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Insider Buying and Selling

In other Nomad Foods news, CEO Dominic Brisby purchased 150,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $9.79 per share, for a total transaction of $1,468,500.00. Following the completion of the purchase, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. This represents a 28.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ruben Baldew purchased 14,731 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the acquisition, the chief financial officer directly owned 338,882 shares in the company, valued at approximately $3,290,544.22. This trade represents a 4.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 264,731 shares of company stock valued at $2,524,538 over the last ninety days. 17.27% of the stock is owned by company insiders.

Nomad Foods Stock Performance

NOMD traded up $0.15 on Friday, hitting $11.54. 849,700 shares of the stock traded hands, compared to its average volume of 1,282,828. Nomad Foods Limited has a 52 week low of $8.99 and a 52 week high of $18.33. 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 $1.61 billion, a PE ratio of 11.21 and a beta of 0.69. The business has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $10.89.

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

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

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.