Nomad Foods Limited (NYSE:NOMD) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts collectively rate Nomad Foods “Hold”, with three buy, two hold and one sell recommendation. The average 12-month price target is $13.25, versus a reported share price of $10.86.
• Nomad Foods exceeded quarterly earnings expectations, reporting $0.45 EPS versus the $0.37 consensus and $825.94 million in revenue. However, revenue declined 3.1% year over year.
• The company pays a quarterly dividend of $0.17, equivalent to an annualized $0.68 dividend and a 6.3% yield; its CEO and CFO also recently purchased shares.

Shares of Nomad Foods Limited (NYSE:NOMD - Get Free Report) have been given a consensus rating of "Hold" by the six brokerages that are currently covering the firm, Marketbeat reports. One equities research 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 12 month target price among brokers that have issued ratings on the stock in the last year is $13.25.

A number of analysts have recently issued reports on NOMD shares. Barclays boosted their price objective on Nomad Foods from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Weiss Ratings raised Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 2nd. Zacks Research downgraded shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $11.00 price target on shares of Nomad Foods in a report on Tuesday, July 21st. Finally, BTIG Research restated a "buy" rating and issued a $15.00 price objective on shares of Nomad Foods in a research note on Friday, August 14th.

Nomad Foods Stock Down 0.6%

NYSE NOMD opened at $10.86 on Wednesday. Nomad Foods has a twelve month low of $8.99 and a twelve month high of $13.94. The stock has a market cap of $1.52 billion, a PE ratio of 10.65 and a beta of 0.69. The firm has a 50-day simple moving average of $11.69 and a 200 day simple moving average of $10.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.10.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $825.94 million for the quarter, compared to analyst estimates of $825.02 million. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%.The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, research analysts forecast that Nomad Foods will post 1.63 EPS for the current year.

Nomad Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 6.3%. Nomad Foods's payout ratio is presently 66.67%.

Insider Activity

In other Nomad Foods news, CEO Dominic Brisby purchased 50,000 shares of the business's stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $12.38 per share, for a total transaction of $619,000.00. Following the completion of the purchase, the chief executive officer directly owned 726,794 shares in the company, valued at approximately $8,997,709.72. This trade represents a 7.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ruben Baldew purchased 28,290 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were acquired at an average price of $11.85 per share, with a total value of $335,236.50. Following the purchase, the chief financial officer owned 367,172 shares of the company's stock, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Hedge Funds Weigh In On Nomad Foods

Several hedge funds and other institutional investors have recently modified their holdings of NOMD. Entropy Technologies LP grew its position in Nomad Foods by 1.7% during the 1st quarter. Entropy Technologies LP now owns 71,479 shares of the company's stock worth $687,000 after acquiring an additional 1,188 shares during the last quarter. DGS Capital Management LLC raised its position in Nomad Foods by 17.8% in the 4th quarter. DGS Capital Management LLC now owns 14,839 shares of the company's stock valued at $186,000 after purchasing an additional 2,243 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Nomad Foods by 3,231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company's stock valued at $29,000 after purchasing an additional 2,262 shares during the last quarter. R Squared Ltd raised its position in Nomad Foods by 7.4% in the 1st quarter. R Squared Ltd now owns 33,400 shares of the company's stock valued at $321,000 after purchasing an additional 2,296 shares during the last quarter. Finally, Factorial Partners LLC boosted its stake in Nomad Foods by 2.8% in the fourth quarter. Factorial Partners LLC now owns 165,575 shares of the company's stock worth $2,071,000 after purchasing an additional 4,475 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

About Nomad Foods

Nomad Foods is a European food company focused on the frozen-food market. Its portfolio includes frozen fish, vegetables, meals, poultry products, potato products and ice cream, which it sells through retail and foodservice channels.

The company's principal brands include Birds Eye in the United Kingdom and other markets, Findus in several European countries, and iglo in Germany, Austria and other parts of continental Europe. Its portfolio also includes Aunt Bessie's and Goodfella's, among other regional brands.

Nomad Foods was formed in 2014 and acquired the Iglo Group, including the Birds Eye, Findus and iglo businesses, in 2015.

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