Shares of Nomad Foods Limited (NYSE:NOMD – Get Free Report) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment 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 brokers that have issued a report on the stock in the last year is $13.25.
Several brokerages have recently weighed in on NOMD. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 target price on shares of Nomad Foods in a research note on Tuesday, July 21st. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research note on Friday, August 14th. Barclays upped 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, Zacks Research lowered Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th.
View Our Latest Research Report on NOMD
Insider Activity
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in shares of Nomad Foods by 1.9% in the second quarter. Tidal Investments LLC now owns 38,037 shares of the company’s stock valued at $646,000 after buying an additional 726 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Nomad Foods by 0.4% during the second quarter. California Public Employees Retirement System now owns 268,627 shares of the company’s stock valued at $4,564,000 after buying an additional 1,044 shares during the last quarter. Entropy Technologies LP increased its position in shares of Nomad Foods by 1.7% during the first 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. Osaic Holdings Inc. increased its position in shares of Nomad Foods by 87.4% during the second 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. Finally, Nebula Research & Development LLC raised its holdings in shares of Nomad Foods by 4.4% in the 2nd quarter. Nebula Research & Development LLC now owns 35,152 shares of the company’s stock worth $597,000 after acquiring an additional 1,481 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.
Nomad Foods Stock Performance
NYSE:NOMD opened at $12.10 on Friday. The company has a fifty day moving average of $11.45 and a 200-day moving average of $10.79. The firm has a market capitalization of $1.69 billion, a P/E ratio of 11.87 and a beta of 0.69. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. Nomad Foods has a twelve month low of $8.99 and a twelve month high of $15.91.
Nomad Foods (NYSE:NOMD – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. The business had revenue of $825.94 million for the quarter, compared to analyst estimates of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. Nomad Foods’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, sell-side analysts anticipate that Nomad Foods will post 1.69 EPS for the current year.
Nomad Foods Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, August 11th. Nomad Foods’s dividend payout ratio is presently 66.67%.
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.
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