Dominic Brisby Buys 150,000 Shares of Nomad Foods (NYSE:NOMD) Stock

Nomad Foods Limited (NYSE:NOMD) CEO Dominic Brisby bought 150,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $9.79 per share, for a total transaction of $1,468,500.00. Following the purchase, the chief executive officer owned 676,794 shares in the company, valued at $6,625,813.26. This represents a 28.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nomad Foods Price Performance

NOMD opened at $10.31 on Wednesday. The stock’s 50-day moving average price is $9.73 and its 200 day moving average price is $11.30. Nomad Foods Limited has a 12-month low of $8.99 and a 12-month 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 cap of $1.44 billion, a price-to-earnings ratio of 10.00 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $804.00 million. During the same quarter in the prior year, the company earned $0.21 EPS. Nomad Foods’s revenue was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, sell-side analysts expect that Nomad Foods Limited will post 1.76 earnings per share for the current year.

Nomad Foods Announces Dividend

The company 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 of this dividend is Tuesday, May 12th. This represents a $0.68 annualized dividend and a yield of 6.6%. Nomad Foods’s dividend payout ratio is presently 66.02%.

Hedge Funds Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake in shares of Nomad Foods by 1.9% in the 2nd quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock valued at $646,000 after buying an additional 726 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Nomad Foods by 3.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,987 shares of the company’s stock worth $407,000 after acquiring an additional 939 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Nomad Foods by 0.4% during the 2nd quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock worth $4,564,000 after acquiring an additional 1,044 shares in the last quarter. Entropy Technologies LP raised its position in shares of Nomad Foods by 1.7% during the 1st quarter. Entropy Technologies LP now owns 71,479 shares of the company’s stock worth $687,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Nomad Foods by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after acquiring an additional 1,240 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NOMD. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Mizuho decreased their price objective 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. Finally, Barclays decreased their price objective 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. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

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.