Nomad Foods Limited (NYSE:NOMD) Receives Average Recommendation of “Hold” from Analysts

Shares of Nomad Foods Limited (NYSE:NOMD) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.50.

NOMD has been the subject of several research reports. Mizuho decreased their price target on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Barclays decreased their price target on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. BTIG Research restated a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a report on Wednesday. Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research report on Monday, March 30th.

Hedge Funds Weigh In On Nomad Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC raised its position in Nomad Foods by 242.0% during the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after acquiring an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Nomad Foods by 3,231.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock valued at $29,000 after acquiring an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Nomad Foods by 469.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after acquiring an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Nomad Foods during the third quarter valued at approximately $43,000. Finally, Mondrian Investment Partners LTD bought a new position in Nomad Foods during the third quarter valued at approximately $44,000. Institutional investors own 75.26% of the company’s stock.

Nomad Foods Stock Performance

NOMD stock opened at $9.09 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. The stock has a market cap of $1.29 billion, a P/E ratio of 8.82 and a beta of 0.69. The firm has a 50 day simple moving average of $9.76 and a 200 day simple moving average of $11.35. Nomad Foods has a 52 week low of $8.99 and a 52 week high of $18.34.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $827.87 million during the quarter, compared to analysts’ expectations of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Research analysts anticipate that Nomad Foods will post 1.81 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is presently 66.02%.

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.