Nomad Foods Limited (NYSE:NOMD) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analyst sentiment is mixed: Seven brokerages give Nomad Foods an average “Hold” rating—four Buys, two Holds and one Sell—with an average 12-month price target of $13.80.
• Recent Q3 results beat estimates: Revenue increased 2.3% year over year to €770 million, and EPS of $0.53 topped the $0.52 consensus. Organic revenue grew 1.6%, while the company reiterated its 2026 guidance and 2027 targets.
• The company announced a quarterly dividend of $0.17 per share, equivalent to a 5.4% annualized yield; its CFO and CEO also made substantial open-market share purchases.

Nomad Foods Limited (NYSE:NOMD - Get Free Report) has been assigned an average recommendation of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.80.

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Nomad Foods from a "hold" rating to a "strong sell" rating in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $12.00 price target on shares of Nomad Foods in a research note on Wednesday, October 7th. Weiss Ratings restated a "hold (c-)" rating on shares of Nomad Foods in a research report on Tuesday, September 29th. Barclays raised their price objective on Nomad Foods from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $15.00 target price on shares of Nomad Foods in a research report on Wednesday.

Nomad Foods News Roundup

Here are the key news stories impacting Nomad Foods this week:

• Positive Sentiment: Nomad Foods beat Q3 estimates: revenue rose 2.3% year over year to €770 million, while earnings per share were reported at $0.53, above the $0.52 consensus. Earnings results
• Positive Sentiment: Organic revenue grew 1.6%, with stable volume and positive price/mix. The company also cited strong cash flow and lower exceptional-item adjustments, supporting the view that sales momentum is improving. Q3 2026 financial results
• Positive Sentiment: Jefferies raised its price target on NOMD to $15, adding an analyst endorsement alongside the earnings news. Jefferies price-target report
• Neutral Sentiment: The company reiterated its 2026 guidance and 2027 targets rather than announcing an increase, providing continuity but no new upward revision to expectations. Q3 2026 financial results
• Negative Sentiment: A year-over-year comparison in Zacks’ earnings report shows quarterly EPS of $0.54 versus $0.57 a year earlier, a potential concern despite the consensus beat. Zacks earnings report

Nomad Foods Price Performance

Shares of NYSE:NOMD opened at $12.48 on Thursday. The firm has a 50 day moving average of $11.35 and a 200-day moving average of $11.02. Nomad Foods has a 12 month low of $8.99 and a 12 month high of $13.08. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.74 billion, a PE ratio of 12.24 and a beta of 0.74.

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 the consensus estimate of $0.37 by $0.08. The business had revenue of $825.94 million for the quarter, compared to analyst estimates of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, equities research analysts predict that Nomad Foods will post 1.62 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.4%. Nomad Foods's dividend payout ratio is 66.67%.

Insider Transactions at Nomad Foods

In related news, CFO Ruben Baldew purchased 28,290 shares of Nomad Foods stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $11.85 per share, for a total transaction of $335,236.50. Following the purchase, the chief financial officer owned 367,172 shares in the company, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dominic Brisby purchased 50,000 shares of Nomad Foods stock in a transaction dated Monday, August 24th. The stock was bought 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 owned 726,794 shares in the company, valued at $8,997,709.72. This represents a 7.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 17.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nomad Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Nomad Foods by 219.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company's stock valued at $75,000 after acquiring an additional 5,341 shares during the last quarter. Cetera Investment Advisers bought a new stake in Nomad Foods during the 1st quarter worth $97,000. Alpine Woods Capital Investors LLC bought a new stake in Nomad Foods during the 1st quarter worth $150,000. R Squared Ltd grew its position in Nomad Foods by 7.4% during the 1st quarter. R Squared Ltd now owns 33,400 shares of the company's stock worth $321,000 after acquiring an additional 2,296 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Nomad Foods in the 2nd quarter worth about $411,000. Institutional investors own 75.26% of the company's stock.

About Nomad Foods

Nomad Foods is a frozen-food company focused on the European market. The company sells branded frozen meals and ingredients, including frozen fish, vegetables, poultry, potato products, pizza and plant-based foods. Its products are distributed through grocery retailers and other food channels across multiple European countries.

Nomad Foods' portfolio includes well-known brands such as Birds Eye, Findus, iglo, Goodfella's, Aunt Bessie's and Green Cuisine. The brands offer products ranging from fish fingers, frozen vegetables and ready meals to frozen pizza, potato specialties and meat-free alternatives.

The company was formed in 2014 following the acquisition of the Iglo Group and expanded through subsequent acquisitions, including Findus operations in several European markets, Goodfella's in 2018 and Aunt Bessie's in 2020.

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