Should I buy or sell Nomad Foods stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nomad Foods in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NOMD shares. View NOMD analyst ratings or view top-rated stocks .

What is Nomad Foods' stock price target for 2024?

2 brokerages have issued twelve-month target prices for Nomad Foods' shares. Their NOMD share price targets range from $22.00 to $24.00. On average, they predict the company's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price. View analysts price targets for NOMD or view top-rated stocks among Wall Street analysts .

How have NOMD shares performed in 2024?

Nomad Foods' stock was trading at $16.95 at the beginning of the year. Since then, NOMD shares have increased by 7.8% and is now trading at $18.28. View the best growth stocks for 2024 here .

When is Nomad Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our NOMD earnings forecast .

How were Nomad Foods' earnings last quarter?

Nomad Foods Limited (NYSE:NOMD) announced its quarterly earnings data on Thursday, February, 29th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm earned $761 million during the quarter, compared to the consensus estimate of $766.56 million. Nomad Foods had a net margin of 6.34% and a trailing twelve-month return on equity of 10.41%. During the same quarter last year, the company posted $0.34 earnings per share.

How often does Nomad Foods pay dividends? What is the dividend yield for Nomad Foods?

Nomad Foods declared a quarterly dividend on Tuesday, January 30th. Stockholders of record on Friday, February 9th will be given a dividend of $0.15 per share on Monday, February 26th. This represents a $0.60 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, February 8th. Read our dividend analysis for NOMD .

Is Nomad Foods a good dividend stock?

Nomad Foods (NYSE:NOMD) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOMD will have a dividend payout ratio of 28.85% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NOMD .

What ETFs hold Nomad Foods' stock?

ETFs with the largest weight of Nomad Foods (NYSE:NOMD) stock in their portfolio include Invesco Food & Beverage ETF (PBJ) and QRAFT AI-Enhanced U.S. Next Value ETF (NVQ) . Fidelity Fundamental Small-Mid Cap ETF (FSMO) .

What guidance has Nomad Foods issued on next quarter's earnings?

Nomad Foods issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 1.880-1.940 for the period, compared to the consensus earnings per share estimate of 1.900. The company issued revenue guidance of -.

What is Stefan Descheemaeker's approval rating as Nomad Foods' CEO?

9 employees have rated Nomad Foods Chief Executive Officer Stefan Descheemaeker on Glassdoor.com . Stefan Descheemaeker has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Nomad Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nomad Foods investors own include InterDigital (IDCC) , Pfizer (PFE) , Verizon Communications (VZ) , AbbVie (ABBV) , Advanced Micro Devices (AMD) , Cisco Systems (CSCO) , Procter & Gamble (PG) , RTX (RTX) , STAG Industrial (STAG) and Target (TGT) .

Who are Nomad Foods' major shareholders?

Nomad Foods' stock is owned by many different retail and institutional investors. Top institutional shareholders include Perpetual Ltd (0.16%), Miller Howard Investments Inc. NY (0.02%) and Atlas Capital Advisors LLC (0.01%).

How do I buy shares of Nomad Foods?

Shares of NOMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:NOMD

Nomad Foods (NOMD) Stock Price, News & Analysis

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$18.28

-0.10 (-0.54%)

(As of 04/15/2024 ET)

Compare

Today's Range: $18.10
▼
$18.62
50-Day Range: $17.16
▼
$19.93
52-Week Range: $13.56
▼
$20.05

Volume: 507,622 shs
Average Volume: 539,811 shs
Market Capitalization: $2.97 billion

P/E Ratio: 14.86
Dividend Yield: 3.28%
Price Target: $23.00

Get Nomad Foods alerts:

Nomad Foods MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 25.8% Upside
$23.00 Price Target
Short Interest: Healthy
1.80% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 8.90%
From $1.91 to $2.08 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.16 out of 5 stars

Consumer Staples Sector

42nd out of 137 stocks

Food & Kindred Products Industry

6th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Nomad Foods has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Nomad Foods has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.80% of the float of Nomad Foods has been sold short.
Short Interest Ratio / Days to Cover
Nomad Foods has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nomad Foods has recently decreased by 0.82%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Nomad Foods pays a meaningful dividend of 3.26%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Nomad Foods does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Nomad Foods is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Nomad Foods will have a dividend payout ratio of 28.85% next year. This indicates that Nomad Foods will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NOMD.

2.5

News and Social Media Coverage

News Sentiment
Nomad Foods has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Nomad Foods this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 2 people have added Nomad Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nomad Foods insiders have not sold or bought any company stock.
Percentage Held by Institutions
75.26% of the stock of Nomad Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Nomad Foods are expected to grow by 8.90% in the coming year, from $1.91 to $2.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nomad Foods is 14.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nomad Foods is 14.86, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 16.68.
Price to Book Value per Share Ratio
Nomad Foods has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Nomad Foods Stock (NYSE:NOMD)

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers. It also provides meal products that include ready-to-cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice creams, such as in-home and out-of-home ice creams; and other products consisting of soups, pizzas, bakery goods, and meat substitutes. The company sells its products to supermarkets and food retail chains primarily under the Birds Eye, Green Cuisine, iglo, Findus, Aunt Bessie's, Goodfella's, Frikom, Ledo, La Cocinera, and Belviva brand names. Nomad Foods Limited was founded in 2014 and is headquartered in Feltham, the United Kingdom.

NOMD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NOMD Stock News Headlines

April 3, 2024 | msn.com

Hilton to Expand NoMad Hotels Brand Worldwide

March 30, 2024 | msn.com

Cheap Living Tips for the Budget-Conscious Digital Nomad

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 27, 2024 | bloomberg.com

European Freezer King Nomad Foods Looks to US for Acquisitions

March 16, 2024 | finance.yahoo.com

NOMD Apr 2024 17.500 call

March 16, 2024 | finance.yahoo.com

NOMD Apr 2024 15.000 put

March 3, 2024 | finance.yahoo.com

Nomad Foods Limited Just Missed EPS By 52%: Here's What Analysts Think Will Happen Next

March 2, 2024 | seekingalpha.com

Nomad Foods Limited (NOMD) Q4 2023 Earnings Call Transcript

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 2, 2024 | seekingalpha.com

Nomad Foods: Trading At An Adjusted FCF Yield Of 11%

March 1, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Nomad Foods Amid Strong Q4 Performance and Upbeat 2024 Outlook

March 1, 2024 | markets.businessinsider.com

Analysts Are Bullish on Top Consumer Goods Stocks: Nomad Foods (NOMD), Keurig Dr Pepper (KDP)

March 1, 2024 | finance.yahoo.com

Nomad Foods Limited (NYSE:NOMD) Q4 2023 Earnings Call Transcript

February 29, 2024 | prnewswire.com

Nomad Foods Annual Report Available to Shareholders

February 29, 2024 | finanznachrichten.de

Nomad Foods Limited: Nomad Foods Reports Fourth Quarter and Full Year 2023 Financial Results

February 29, 2024 | seekingalpha.com

Nomad Foods Limited 2023 Q4 - Results - Earnings Call Presentation

February 29, 2024 | markets.businessinsider.com

Nomad Foods Q4 Profit Declines, But Revenue Rises

February 29, 2024 | prnewswire.com

Nomad Foods Reports Fourth Quarter and Full Year 2023 Financial Results

February 28, 2024 | msn.com

Nomad Foods Q4 2023 Earnings Preview

February 22, 2024 | finanznachrichten.de

Nomad Foods Limited: Nomad Foods Provides Updates on Full Year 2023 Results and Initiates 2024 Guidance

February 21, 2024 | finance.yahoo.com

Nomad Foods Provides Updates on Full Year 2023 Results and Initiates 2024 Guidance

February 21, 2024 | prnewswire.com

Nomad Foods Provides Updates on Full Year 2023 Results and Initiates 2024 Guidance

February 20, 2024 | investing.com

Nomad Foods Ltd (NOMD)

February 19, 2024 | msn.com

Going Out with... Liana Oster of NoMad London

February 14, 2024 | finance.yahoo.com

Nomad Foods to Present at 2024 CAGNY Conference

February 14, 2024 | prnewswire.com

Nomad Foods to Present at 2024 CAGNY Conference

February 5, 2024 | finanznachrichten.de

Nomad Foods Limited: Nomad Foods Announces Term Loan Repricing

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Company Calendar

Ex-Dividend for 2/26 Dividend: 2/08/2024
Dividend Payable: 2/26/2024
Last Earnings: 2/29/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Food & kindred products
Sub-Industry: N/A
Current Symbol: NYSE:NOMD
CUSIP: N/A
CIK: 1651717
Web: www.nomadfoods.com
Phone: 442089183200
Fax: 44-20-8918-3491
Employees: 7,894
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $23.00
High Stock Price Target: $24.00
Low Stock Price Target: $22.00
Potential Upside/Downside: +25.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.23
Trailing P/E Ratio: 14.86
Forward P/E Ratio: 9.57
P/E Growth: N/A
Net Income: $208.56 million
Net Margins: 6.34%
Pretax Margin: 8.33%
Return on Equity: 10.41%
Return on Assets: 4.29%

Debt

Debt-to-Equity Ratio: 0.82
Current Ratio: 1.13
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $3.04 billion
Price / Sales: 0.98
Cash Flow: $2.28 per share
Price / Cash Flow: 8.01
Book Value: $16.08 per share
Price / Book: 1.14

Miscellaneous

Outstanding Shares: 162,719,000
Free Float: N/A
Market Cap: $2.97 billion
Optionable: Optionable
Beta: 0.75

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Key Executives

Mr. Noam Gottesman (Age 63)
Co-Founder & Co-Chairman
Sir Martin Ellis Franklin (Age 60)
Co-Founder & Co-Chairman
Mr. Stefan Descheemaeker (Age 64)
CEO & Director
Mr. Samy Rene Zekhout (Age 62)
CFO & Director
Mr. Taposh Bari CFA
CPA, Head of Investor Relations
Mr. Neil Stephen Fletcher
General Counsel
Mr. Steven Libermann
Executive President of Southern Europe, FBN, UK & Ireland and Global Sales
Mr. Steve Challouma
Chief Marketing Officer
Ms. Harriet Hounsell
Chief People Officer
Ms. Antje Schubert
Executive President of Adriatics, Nordics & DACH

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NOMD Stock Analysis - Frequently Asked Questions

Should I buy or sell Nomad Foods stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nomad Foods in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NOMD shares.
View NOMD analyst ratings or view top-rated stocks.
What is Nomad Foods' stock price target for 2024?: 2 brokerages have issued twelve-month target prices for Nomad Foods' shares. Their NOMD share price targets range from $22.00 to $24.00. On average, they predict the company's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
View analysts price targets for NOMD or view top-rated stocks among Wall Street analysts.
How have NOMD shares performed in 2024?: Nomad Foods' stock was trading at $16.95 at the beginning of the year. Since then, NOMD shares have increased by 7.8% and is now trading at $18.28.
View the best growth stocks for 2024 here.
When is Nomad Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our NOMD earnings forecast.
How were Nomad Foods' earnings last quarter?: Nomad Foods Limited (NYSE:NOMD) announced its quarterly earnings data on Thursday, February, 29th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm earned $761 million during the quarter, compared to the consensus estimate of $766.56 million. Nomad Foods had a net margin of 6.34% and a trailing twelve-month return on equity of 10.41%. During the same quarter last year, the company posted $0.34 earnings per share.
How often does Nomad Foods pay dividends? What is the dividend yield for Nomad Foods?: Nomad Foods declared a quarterly dividend on Tuesday, January 30th. Stockholders of record on Friday, February 9th will be given a dividend of $0.15 per share on Monday, February 26th. This represents a $0.60 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for NOMD.
Is Nomad Foods a good dividend stock?: Nomad Foods (NYSE:NOMD) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOMD will have a dividend payout ratio of 28.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOMD.

What ETFs hold Nomad Foods' stock?: ETFs with the largest weight of Nomad Foods (NYSE:NOMD) stock in their portfolio include Invesco Food & Beverage ETF (PBJ) and QRAFT AI-Enhanced U.S. Next Value ETF (NVQ).Fidelity Fundamental Small-Mid Cap ETF (FSMO).
What guidance has Nomad Foods issued on next quarter's earnings?: Nomad Foods issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 1.880-1.940 for the period, compared to the consensus earnings per share estimate of 1.900. The company issued revenue guidance of -.
What is Stefan Descheemaeker's approval rating as Nomad Foods' CEO?: 9 employees have rated Nomad Foods Chief Executive Officer Stefan Descheemaeker on Glassdoor.com. Stefan Descheemaeker has an approval rating of 90% among the company's employees.
What other stocks do shareholders of Nomad Foods own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Nomad Foods investors own include InterDigital (IDCC), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Procter & Gamble (PG), RTX (RTX), STAG Industrial (STAG) and Target (TGT).
Who are Nomad Foods' major shareholders?: Nomad Foods' stock is owned by many different retail and institutional investors. Top institutional shareholders include Perpetual Ltd (0.16%), Miller Howard Investments Inc. NY (0.02%) and Atlas Capital Advisors LLC (0.01%).
How do I buy shares of Nomad Foods?: Shares of NOMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NOMD) was last updated on 4/16/2024 by MarketBeat.com Staff

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Nomad Foods (NOMD) Stock Price, News & Analysis

Nomad Foods MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Nomad Foods Stock (NYSE:NOMD)

NOMD Stock Price History

NOMD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NOMD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™