Nomad Foods (NYSE:NOMD) CFO Ruben Baldew Purchases 8,379 Shares of Stock

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew bought 8,379 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was acquired at an average cost of $11.95 per share, with a total value of $100,129.05. Following the completion of the transaction, the chief financial officer directly owned 375,551 shares of the company’s stock, valued at approximately $4,487,834.45. This represents a 2.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ruben Baldew also recently made the following trade(s):

• On Wednesday, August 19th, Ruben Baldew purchased 28,290 shares of Nomad Foods stock. The shares were acquired at an average price of $11.85 per share, for a total transaction of $335,236.50.

Nomad Foods Stock Up 0.1%

Nomad Foods stock opened at $11.67 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 0.88. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $13.08. The firm’s fifty day simple moving average is $11.35 and its 200-day simple moving average is $11.02. The company has a market capitalization of $1.63 billion, a P/E ratio of 6.62 and a beta of 0.74.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. Nomad Foods had a net margin of 4.46% and a return on equity of 8.63%. The firm had revenue of $825.94 million during the quarter, compared to analysts’ expectations of $825.02 million. During the same period in the prior year, the company posted $0.40 earnings per share. Nomad Foods’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Nomad Foods Limited will post 1.62 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.8%. Nomad Foods’s dividend payout ratio is currently 61.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Nomad Foods in a research note on Tuesday, September 29th. Deutsche Bank reaffirmed a “hold” rating and set a $12.00 target price on shares of Nomad Foods in a research report on Wednesday, October 7th. BTIG Research reiterated a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a report on Thursday, November 5th. Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Finally, Barclays boosted their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nomad Foods has a consensus rating of “Hold” and a consensus target price of $13.80.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds have recently modified their holdings of NOMD. Royce & Associates LP increased its position in Nomad Foods by 5.2% during the third quarter. Royce & Associates LP now owns 3,492,959 shares of the company’s stock worth $36,082,000 after acquiring an additional 171,128 shares during the period. Money Concepts Capital Corp boosted its holdings in Nomad Foods by 2.6% in the 3rd quarter. Money Concepts Capital Corp now owns 257,610 shares of the company’s stock valued at $2,661,000 after purchasing an additional 6,455 shares during the period. Russell Investments Group Ltd. boosted its holdings in Nomad Foods by 91.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,177,950 shares of the company’s stock valued at $12,168,000 after purchasing an additional 561,334 shares during the period. R Squared Ltd boosted its holdings in Nomad Foods by 12.1% in the 3rd quarter. R Squared Ltd now owns 29,059 shares of the company’s stock valued at $300,000 after purchasing an additional 3,130 shares during the period. Finally, Penn Capital Management Company LLC acquired a new stake in Nomad Foods in the 3rd quarter worth $1,137,000. 75.26% of the stock is owned by institutional investors.

Nomad Foods Company Profile

Nomad Foods Limited is a frozen-food company focused on European markets. It sells products including frozen fish, vegetables, meals, and poultry under brands such as Birds Eye, iglo, Findus, and Aunt Bessie’s. The company was formed in 2014 and expanded through acquisitions, including the purchase of the Iglo Group in 2015. Its products are sold across multiple European countries through grocery retailers and other food channels.