Nomad Foods Limited (NYSE:NOMD) Stock Has Average Price Target of $13.50

Key Points

• Analysts hold a mixed view on Nomad Foods, with three buys, two holds, and one sell producing a consensus “Hold” rating. The average 12-month price target is $13.50, versus the stock’s $11.07 opening price.
• Nomad Foods exceeded quarterly expectations, reporting $0.45 EPS versus the $0.37 consensus and $825.94 million in revenue. However, revenue declined 3.1% year over year, and analysts forecast roughly $1.62 EPS for the current year.
• The company offers a 6.1% dividend yield based on its $0.68 annualized dividend, while its CEO and CFO recently increased their holdings through open-market purchases. Institutional investors own approximately 75.3% of the stock.

Nomad Foods Limited (NYSE:NOMD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.50.

A number of research analysts recently issued reports on the stock. Barclays boosted their target price 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. 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 reiterated a "hold" rating and set a $12.00 price objective on shares of Nomad Foods in a report on Wednesday. Weiss Ratings reissued a "hold (c-)" rating on shares of Nomad Foods in a research report on Tuesday, September 29th. Finally, BTIG Research restated a "buy" rating and issued a $15.00 target price on shares of Nomad Foods in a research note on Thursday.

Nomad Foods Trading Up 0.2%

Shares of NOMD stock opened at $11.07 on Friday. Nomad Foods has a fifty-two week low of $8.99 and a fifty-two week high of $13.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.10. The stock has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $10.70. The company has a market cap of $1.55 billion, a P/E ratio of 10.86 and a beta of 0.75.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.08. The firm had revenue of $825.94 million for the quarter, compared to analysts' expectations of $825.02 million. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Research analysts forecast that Nomad Foods will post 1.62 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were issued a $0.17 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 6.1%. Nomad Foods's dividend payout ratio is presently 66.67%.

Insider Activity at Nomad Foods

In other news, CFO Ruben Baldew acquired 28,290 shares of Nomad Foods stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price of $11.85 per share, with a total value of $335,236.50. Following the completion of the purchase, the chief financial officer owned 367,172 shares of the company's stock, valued at approximately $4,350,988.20. The trade was a 8.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dominic Brisby acquired 50,000 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $12.38 per share, with a total value of $619,000.00. Following the acquisition, the chief executive officer owned 726,794 shares of the company's stock, valued at approximately $8,997,709.72. This represents a 7.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 17.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Nomad Foods

Several hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its position in Nomad Foods by 0.5% in the 3rd quarter. Sound Income Strategies LLC now owns 688,961 shares of the company's stock valued at $7,613,000 after acquiring an additional 3,264 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Nomad Foods by 4.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 39,318 shares of the company's stock worth $406,000 after purchasing an additional 1,649 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Nomad Foods by 21.7% in the third quarter. Congress Asset Management Co. now owns 1,531,380 shares of the company's stock worth $15,819,000 after purchasing an additional 272,805 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Nomad Foods in the second quarter worth approximately $411,000. Finally, Ancora Advisors LLC bought a new position in shares of Nomad Foods in the second quarter valued at approximately $6,465,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Company Profile

Nomad Foods Ltd. is a European food company focused on frozen foods. Its portfolio includes frozen fish, vegetables, poultry, potato products, meals, and desserts sold through grocery retailers and other food channels.

The company markets products under several established brands, including Birds Eye in the United Kingdom and Ireland, iglo in Germany and other European markets, Findus in parts of continental Europe, Aunt Bessie's in the United Kingdom, and Goodfella's frozen pizza in selected markets.

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