Nomad Foods (NYSE:NOMD) Director Ian Ashken Buys 100,000 Shares

Nomad Foods Limited (NYSE:NOMD) Director Ian Ashken bought 100,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $9.13 per share, with a total value of $913,000.00. Following the transaction, the director directly owned 116,916 shares of the company’s stock, valued at approximately $1,067,443.08. This trade represents a 591.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nomad Foods Stock Down 0.1%

Shares of Nomad Foods stock opened at $9.78 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 9.50 and a beta of 0.69. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average price of $9.73 and a two-hundred day moving average price of $11.32. 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 earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Equities analysts expect that Nomad Foods Limited will post 1.76 earnings per share for the current year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 annualized dividend and a yield of 7.0%. Nomad Foods’s dividend payout ratio is presently 66.02%.

Hedge Funds Weigh In On Nomad Foods

Hedge funds have recently modified their holdings of the stock. WealthCollab LLC raised its holdings in shares of Nomad Foods by 242.0% in the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after buying an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nomad Foods by 3,231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after buying an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Nomad Foods by 469.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after buying an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Nomad Foods in the 3rd quarter worth approximately $43,000. Finally, Mondrian Investment Partners LTD acquired a new position in shares of Nomad Foods in the 3rd quarter worth approximately $44,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOMD has been the subject of several recent analyst reports. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Mizuho decreased their target price on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.