Nomad Foods Limited (NYSE:NOMD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Nomad Foods Limited (NYSE:NOMDGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.50.

NOMD has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. 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. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Barclays decreased their price target on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th.

View Our Latest Stock Analysis on NOMD

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken purchased 100,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $9.13 per share, for a total transaction of $913,000.00. Following the completion of the transaction, the director directly owned 116,916 shares in the company, valued at $1,067,443.08. This trade represents a 591.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dominic Brisby acquired 150,000 shares of Nomad Foods stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $9.79 per share, with a total value of $1,468,500.00. Following the completion of the purchase, the chief executive officer owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. This represents a 28.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 264,731 shares of company stock worth $2,524,538. Company insiders own 17.27% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. WealthCollab LLC increased its stake in Nomad Foods by 242.0% in the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after buying an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Nomad Foods by 3,231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock valued at $29,000 after acquiring an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Nomad Foods by 469.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after acquiring an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Nomad Foods in the third quarter worth about $43,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Nomad Foods by 87.4% in 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 during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Nomad Foods Price Performance

Shares of NOMD opened at $11.39 on Friday. The firm has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $10.88. The firm has a market cap of $1.59 billion, a PE ratio of 11.06 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. Nomad Foods has a 1-year low of $8.99 and a 1-year high of $18.33.

Nomad Foods (NYSE:NOMDGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $827.87 million for the quarter, compared to the consensus estimate of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, equities analysts anticipate that Nomad Foods will post 1.75 EPS for the current year.

Nomad Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 6.0%. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

About Nomad Foods

(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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Analyst Recommendations for Nomad Foods (NYSE:NOMD)

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