119,759 Nomad Foods Limited $NOMD Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Nomad Foods stake by 29% in the third quarter, purchasing 119,759 shares and bringing its holdings to 532,129 shares worth approximately $5.5 million.
• Nomad Foods reported quarterly EPS of $0.45, exceeding analyst expectations of $0.37, while revenue reached $825.94 million but declined 3.1% year over year. The company also maintains a quarterly dividend of $0.17 per share, representing a 5.7% annualized yield.
• Insiders added to their positions, including the CEO’s purchase of 50,000 shares and the CFO’s purchase of 28,290 shares. Analysts hold a consensus “Hold” rating with an average price target of $13.50, compared with the stock’s reported price of $12.02.

Robeco Institutional Asset Management B.V. boosted its stake in Nomad Foods Limited (NYSE:NOMD - Free Report) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 532,129 shares of the company's stock after acquiring an additional 119,759 shares during the period. Robeco Institutional Asset Management B.V. owned 0.38% of Nomad Foods worth $5,497,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in Nomad Foods by 3,231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company's stock worth $29,000 after purchasing an additional 2,262 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Nomad Foods by 219.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company's stock worth $75,000 after acquiring an additional 5,341 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Nomad Foods in the first quarter worth $97,000. Alpine Woods Capital Investors LLC acquired a new stake in Nomad Foods in the first quarter worth $150,000. Finally, R Squared Ltd grew its holdings in Nomad Foods by 7.4% in the first quarter. R Squared Ltd now owns 33,400 shares of the company's stock worth $321,000 after purchasing an additional 2,296 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Nomad Foods Trading Down 1.7%

Shares of NOMD stock opened at $12.02 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $13.08. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.78 and a beta of 0.75. The company's fifty day simple moving average is $11.30 and its two-hundred day simple moving average is $10.85.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its quarterly earnings data 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. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%. The business had revenue of $825.94 million for the quarter, compared to analysts' expectations of $825.02 million. During the same quarter in the prior year, the firm posted $0.40 EPS. The firm's quarterly revenue was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, analysts anticipate that Nomad Foods Limited will post 1.62 earnings per share for the current year.

Nomad Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Tuesday, August 11th. Nomad Foods's dividend payout ratio (DPR) is 66.67%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NOMD shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Nomad Foods in a research report on Tuesday, September 29th. Barclays boosted their price target on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $12.00 price objective on shares of Nomad Foods in a research note on Wednesday, October 7th. BTIG Research reissued a "buy" rating and set a $15.00 target price on shares of Nomad Foods in a research report on Thursday, October 8th. Finally, Zacks Research lowered shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.50.

Nomad Foods Company Profile

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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