Nomad Foods (NYSE:NOMD) CFO Ruben Baldew Purchases 14,731 Shares

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew purchased 14,731 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $9.71 per share, with a total value of $143,038.01. Following the completion of the purchase, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. This represents a 4.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Nomad Foods Stock Up 4.4%

NYSE:NOMD opened at $10.23 on Tuesday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.93 and a beta of 0.69. Nomad Foods Limited has a one year low of $8.99 and a one year high of $18.33. The stock has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $11.31. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06.

Nomad Foods (NYSE:NOMD) last posted its quarterly 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 business had revenue of $827.87 million during 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%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Sell-side analysts predict that Nomad Foods Limited will post 1.76 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Analysts Set New Price Targets

A number of research firms recently commented on NOMD. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. BTIG Research reiterated a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. 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 report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.50.

Hedge Funds Weigh In On Nomad Foods

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Nomad Foods by 219.6% in the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $75,000 after acquiring an additional 5,341 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Nomad Foods by 32.1% during the first quarter. Royal Bank of Canada now owns 136,361 shares of the company’s stock valued at $1,310,000 after buying an additional 33,113 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Nomad Foods during the first quarter valued at approximately $3,029,000. Endure Capital Management LLC bought a new stake in shares of Nomad Foods during the first quarter valued at approximately $4,236,000. Finally, Entropy Technologies LP raised its holdings in shares of Nomad Foods by 1.7% during the first quarter. Entropy Technologies LP now owns 71,479 shares of the company’s stock valued at $687,000 after buying an additional 1,188 shares during the last quarter. 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.