Nomad Foods (NYSE:NOMD) CFO Ruben Baldew Buys 28,290 Shares

Nomad Foods Limited (NYSE:NOMDGet Free Report) CFO Ruben Baldew bought 28,290 shares of Nomad Foods stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $11.85 per share, with a total value of $335,236.50. Following the acquisition, the chief financial officer owned 367,172 shares of the company’s stock, valued at $4,350,988.20. This trade represents a 8.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nomad Foods Price Performance

Shares of NYSE:NOMD traded up $0.23 on Friday, reaching $11.84. 1,560,392 shares of the company were exchanged, compared to its average volume of 1,656,780. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $15.91. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 11.61 and a beta of 0.69. The company has a 50-day moving average of $11.39 and a 200-day moving average of $10.80.

Nomad Foods (NYSE:NOMDGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $825.94 million during the quarter, compared to analysts’ expectations of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Equities analysts forecast that Nomad Foods Limited will post 1.69 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. Nomad Foods’s payout ratio is 66.67%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NOMD shares. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of Nomad Foods in a report on Friday, August 14th. Zacks Research cut Nomad Foods from a “hold” rating to a “strong sell” rating in a research report on Monday. Barclays lifted their price target on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price objective on shares of Nomad Foods in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.25.

Get Our Latest Stock Report on NOMD

Institutional Investors Weigh In On Nomad Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new position in Nomad Foods during the fourth quarter worth $955,000. PYA Waltman Capital LLC lifted its position in shares of Nomad Foods by 58.8% in the fourth quarter. PYA Waltman Capital LLC now owns 433,979 shares of the company’s stock valued at $5,429,000 after acquiring an additional 160,728 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Nomad Foods in the fourth quarter valued at $2,102,000. UBS Group AG boosted its stake in shares of Nomad Foods by 136.3% during the fourth quarter. UBS Group AG now owns 384,332 shares of the company’s stock valued at $4,808,000 after acquiring an additional 221,716 shares during the last quarter. Finally, Endure Capital Management LLC acquired a new stake in shares of Nomad Foods during the first quarter valued at $4,236,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Company Profile

(Get Free Report)

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.

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