Assenagon Asset Management S.A. Buys Shares of 289,998 Nomad Foods Limited $NOMD

Key Points

• Assenagon Asset Management bought 289,998 Nomad Foods shares worth approximately $3.18 million, giving it a 0.21% stake. Institutional investors and hedge funds collectively own 75.26% of the company.
• Nomad Foods beat quarterly earnings and revenue estimates, reporting adjusted EPS of $0.45 and revenue of $825.94 million, but revenue fell 3.1% year over year as volumes declined 5.9%.
• The company declared a quarterly dividend of $0.17, equivalent to an annualized $0.68 payout and a 5.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $13.25, versus a recent share price of $12.03.

Assenagon Asset Management S.A. bought a new position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 289,998 shares of the company's stock, valued at approximately $3,175,000. Assenagon Asset Management S.A. owned 0.21% of Nomad Foods at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NOMD. WealthCollab LLC grew its holdings in Nomad Foods by 242.0% during the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company's stock valued at $26,000 after purchasing an additional 1,452 shares during the period. Caitong International Asset Management Co. Ltd raised 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 during the period. SBI Securities Co. Ltd. boosted its position in shares of Nomad Foods by 469.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company's stock worth $30,000 after purchasing an additional 1,996 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company's stock valued at $45,000 after buying an additional 1,240 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Nomad Foods in the 3rd quarter valued at $43,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Nomad Foods

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

• Positive Sentiment: Quarterly results exceeded expectations. Nomad Foods reported adjusted EPS of $0.45, topping the $0.37 consensus estimate, while revenue of $825.94 million also surpassed analysts’ $822.17 million forecast. Nomad Foods Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Margins improved meaningfully. Pricing and productivity lifted reported gross margin by 130 basis points and adjusted gross margin by 110 basis points, supporting the company’s profitability despite weaker sales. Nomad Foods Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Cash generation remained strong. Management said adjusted free-cash-flow conversion improved year over year, a supportive factor for debt reduction, shareholder returns, or future investment. Nomad Foods Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Management characterized the quarter as a step forward. The earnings presentation and conference call provide further detail on the company’s margin recovery and operating priorities. Nomad Foods Q2 2026 Earnings Call Transcript
• Negative Sentiment: Underlying performance remained pressured. Revenue declined 3.1% to €724 million, organic revenue fell 2.9%, and volumes dropped 5.9%; positive price-mix of 3.0% only partly offset the volume decline. Adjusted EBITDA fell 4.3% and profit decreased 15%. Nomad Foods Second Quarter Financial Results
• Negative Sentiment: Full-year EPS guidance spans $1.604 to $1.779. The midpoint is below the $1.75 analyst consensus, potentially limiting upside unless the company delivers toward the top end of the range. Nomad Foods Earnings and Guidance

Nomad Foods Stock Up 5.5%

Shares of Nomad Foods stock opened at $12.03 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. Nomad Foods Limited has a 52-week low of $8.99 and a 52-week high of $15.91. The firm has a market cap of $1.68 billion, a PE ratio of 11.68 and a beta of 0.69. The business's 50 day simple moving average is $11.24 and its 200 day simple moving average is $10.83.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The business had revenue of $825.94 million during the quarter, compared to analysts' expectations of $822.17 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm'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. On average, analysts predict that Nomad Foods Limited will post 1.75 earnings per share for the current fiscal year.

Nomad Foods Announces Dividend

The business also recently announced 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 of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. Nomad Foods's payout ratio is currently 66.02%.

Analyst Ratings Changes

Several analysts recently commented on NOMD shares. Barclays raised their price objective on Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. BTIG Research restated a "buy" rating and issued a $15.00 price target on shares of Nomad Foods in a report on Wednesday, May 13th. Weiss Ratings raised Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $11.00 price objective on shares of Nomad Foods in a report on Tuesday, July 21st. Finally, Zacks Research upgraded Nomad Foods from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.25.

About Nomad Foods

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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