Nomad Foods Limited (NYSE:NOMD – Get Free Report) CEO Dominic Brisby purchased 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $12.38 per share, for a total transaction of $619,000.00. Following the completion of the transaction, the chief executive officer directly owned 726,794 shares of the company’s stock, valued at approximately $8,997,709.72. This trade represents a 7.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nomad Foods Trading Down 1.0%
Shares of Nomad Foods stock opened at $12.02 on Friday. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $15.60. The company’s fifty day simple moving average is $11.56 and its 200-day simple moving average is $10.77. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. The stock has a market capitalization of $1.68 billion, a PE ratio of 11.79 and a beta of 0.69.
Nomad Foods (NYSE:NOMD – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%.The firm had revenue of $825.94 million during the quarter, compared to analyst estimates of $825.02 million. During the same period in the prior year, the business posted $0.40 EPS. Nomad Foods’s revenue was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, equities analysts anticipate that Nomad Foods Limited will post 1.69 earnings per share for the current year.
Nomad Foods Announces Dividend
Analyst Upgrades and Downgrades
NOMD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Nomad Foods in a research report on Tuesday, July 21st. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a report on Friday, August 14th. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Zacks Research cut shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Finally, Barclays raised their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Three 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.25.
Read Our Latest Report on Nomad Foods
Institutional Trading of Nomad Foods
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. bought a new position in Nomad Foods in the 4th quarter worth approximately $955,000. PYA Waltman Capital LLC lifted its holdings 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 worth $5,429,000 after buying an additional 160,728 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Nomad Foods during the fourth quarter valued at $2,102,000. UBS Group AG grew its stake in 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 in the last quarter. Finally, Endure Capital Management LLC bought a new stake in Nomad Foods in the 1st quarter valued at $4,236,000. Institutional investors own 75.26% of the company’s stock.
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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