Systematic Financial Management LP boosted its stake in shares of Nomad Foods Limited (NYSE:NOMD – Free Report) by 7.8% during the first quarter, Holdings Channel.com reports. The fund owned 1,728,211 shares of the company’s stock after acquiring an additional 124,389 shares during the period. Systematic Financial Management LP’s holdings in Nomad Foods were worth $16,608,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new stake in shares of Nomad Foods during the 4th quarter worth $955,000. Sound Income Strategies LLC increased its position in shares of Nomad Foods by 64.2% in the fourth quarter. Sound Income Strategies LLC now owns 334,277 shares of the company’s stock worth $3,894,000 after purchasing an additional 130,637 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Nomad Foods in the fourth quarter valued at about $2,102,000. Ruffer LLP acquired a new position in Nomad Foods in the fourth quarter valued at about $26,823,000. Finally, UBS Group AG lifted its position in Nomad Foods by 136.3% during the fourth quarter. UBS Group AG now owns 384,332 shares of the company’s stock worth $4,808,000 after purchasing an additional 221,716 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Ian G. H. Ashken bought 100,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.13 per share, with a total value of $913,000.00. Following the completion of the purchase, the director owned 116,916 shares in the company, valued at $1,067,443.08. This represents a 591.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Dominic Brisby purchased 150,000 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the completion of the acquisition, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. This represents a 28.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 264,731 shares of company stock valued at $2,524,538. 17.27% of the stock is currently owned by insiders.
Nomad Foods Stock Up 0.8%
Nomad Foods (NYSE:NOMD – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, equities research analysts anticipate that Nomad Foods Limited will post 1.75 EPS for the current fiscal year.
Nomad Foods Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th were given a $0.17 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 5.8%. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Nomad Foods in a research note on Tuesday. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays raised their target price on Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday. Finally, BTIG Research reissued a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.
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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