Ancora Advisors LLC Invests $6.46 Million in Nomad Foods Limited $NOMD

Key Points

• Ancora Advisors acquired 590,420 shares of Nomad Foods worth approximately $6.46 million, giving it a 0.42% stake. Institutional investors collectively own 75.26% of the company.
• Analyst sentiment is mixed, with three Buy, two Hold and one Sell ratings; the average rating is Hold with a $13.25 price target. Nomad Foods recently beat quarterly EPS estimates, reporting $0.45 versus the expected $0.37, despite a 3.1% year-over-year revenue decline.
• CFO Ruben Baldew purchased 28,290 shares for about $335,237, while Nomad Foods declared a quarterly dividend of $0.17, equivalent to a 5.7% annualized yield.

Ancora Advisors LLC acquired a new stake in Nomad Foods Limited (NYSE:NOMD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 590,420 shares of the company's stock, valued at approximately $6,465,000. Ancora Advisors LLC owned about 0.42% of Nomad Foods as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOMD. Fox Run Management L.L.C. acquired a new stake in shares of Nomad Foods during the fourth quarter worth about $955,000. PYA Waltman Capital LLC boosted its holdings in Nomad Foods by 58.8% during the fourth quarter. PYA Waltman Capital LLC now owns 433,979 shares of the company's stock worth $5,429,000 after buying an additional 160,728 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Nomad Foods in the 4th quarter worth approximately $2,102,000. UBS Group AG raised its stake in shares of Nomad Foods by 136.3% during the 4th quarter. UBS Group AG now owns 384,332 shares of the company's stock worth $4,808,000 after buying an additional 221,716 shares during the last quarter. Finally, Endure Capital Management LLC purchased a new stake in shares of Nomad Foods in the first quarter valued at about $4,236,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NOMD shares. Barclays raised their price target on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Zacks Research lowered shares of Nomad Foods from a "hold" rating to a "strong sell" rating in a report on Monday, August 17th. Weiss Ratings upgraded shares of Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 2nd. 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 reaffirmed a "buy" rating and set a $15.00 price target on shares of Nomad Foods in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.25.

Insider Activity

In other news, CFO Ruben Baldew purchased 28,290 shares of Nomad Foods stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $11.85 per share, for a total transaction of $335,236.50. Following the transaction, the chief financial officer owned 367,172 shares in the company, valued at $4,350,988.20. The trade was a 8.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $11.89 on Wednesday. The firm's 50-day simple moving average is $11.48 and its 200 day simple moving average is $10.78. The stock has a market cap of $1.66 billion, a P/E ratio of 11.66 and a beta of 0.69. Nomad Foods Limited has a fifty-two week low of $8.99 and a fifty-two week high of $15.73. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings data 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. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The business had revenue of $825.94 million during the quarter, compared to analysts' expectations of $825.02 million. During the same period last year, the firm posted $0.40 earnings per share. The business's 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. Equities analysts expect that Nomad Foods Limited will post 1.69 EPS for the current year.

Nomad Foods Dividend Announcement

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

Nomad Foods Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company's portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella's and Aunt Bessie's, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe's largest frozen foods platform.

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