Nomad Foods (NYSE:NOMD) Reaches New 12-Month Low – Should You Sell?

Nomad Foods Limited (NYSE:NOMD)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $10.77 and last traded at $10.9430, with a volume of 1727885 shares changing hands. The stock had previously closed at $12.33.

Analysts Set New Price Targets

Several research firms have commented on NOMD. BTIG Research restated a “buy” rating and issued a $18.00 price target on shares of Nomad Foods in a report on Monday, November 10th. Mizuho decreased their target price on shares of Nomad Foods from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Nomad Foods Price Performance

The business’s 50 day moving average price is $12.44 and its 200-day moving average price is $12.85. The company has a quick ratio of 0.59, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.65 billion, a PE ratio of 7.43 and a beta of 0.72.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Nomad Foods had a net margin of 6.56% and a return on equity of 9.73%. The company had revenue of $907.05 million during the quarter, compared to analysts’ expectations of $775.52 million. During the same period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.710-1.890 EPS. As a group, analysts forecast that Nomad Foods Limited will post 1.82 earnings per share for the current year.

Nomad Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.68 annualized dividend and a yield of 6.3%. Nomad Foods’s dividend payout ratio is currently 47.22%.

Institutional Investors Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently modified their holdings of NOMD. Boston Partners raised its stake in shares of Nomad Foods by 40.3% in the 2nd quarter. Boston Partners now owns 14,323,433 shares of the company’s stock valued at $243,276,000 after purchasing an additional 4,114,150 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Nomad Foods by 0.4% in the second quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after buying an additional 27,177 shares during the last quarter. Polaris Capital Management LLC raised its stake in Nomad Foods by 138.8% during the third quarter. Polaris Capital Management LLC now owns 3,441,900 shares of the company’s stock valued at $45,261,000 after buying an additional 2,000,400 shares in the last quarter. Royce & Associates LP lifted its holdings in Nomad Foods by 1.3% during the 4th quarter. Royce & Associates LP now owns 2,484,858 shares of the company’s stock worth $31,086,000 after buying an additional 33,052 shares during the last quarter. Finally, Ruffer LLP acquired a new position in shares of Nomad Foods in the 4th quarter worth approximately $26,823,000. 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.