Nomad Foods (NYSE:NOMD) CEO Dominic Brisby Purchases 50,000 Shares

Key Points

• CEO Dominic Brisby bought 50,000 Nomad Foods shares at an average price of $12.38, investing $619,000 and increasing his direct ownership by 7.39% to 726,794 shares.
• Nomad Foods reported quarterly EPS of $0.45, beating estimates by $0.08, while revenue totaled $825.94 million but fell 3.1% year over year. The stock recently traded at $12.15, up 2.2%.
• The company declared a quarterly dividend of $0.17, implying an annualized payout of $0.68 and a 5.6% yield. Analysts have a consensus “Hold” rating with an average price target of $13.25.

Nomad Foods Limited (NYSE:NOMD - Get Free Report) CEO Dominic Brisby acquired 50,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $12.38 per share, for a total transaction of $619,000.00. Following the completion of the acquisition, the chief executive officer directly owned 726,794 shares of the company's stock, valued at $8,997,709.72. This trade represents a 7.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Nomad Foods Trading Up 2.2%

NOMD stock traded up $0.26 during midday trading on Wednesday, reaching $12.15. The company's stock had a trading volume of 1,947,951 shares, compared to its average volume of 1,663,640. The business's 50-day simple moving average is $11.48 and its 200-day simple moving average is $10.78. 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 Limited has a 52 week low of $8.99 and a 52 week high of $15.60. The stock has a market cap of $1.70 billion, a PE ratio of 11.91 and a beta of 0.69.

Nomad Foods (NYSE:NOMD - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.45 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 company had revenue of $825.94 million during the quarter, compared to analysts' expectations of $825.02 million. During the same quarter in the previous year, the company posted $0.40 EPS. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, sell-side analysts expect that Nomad Foods Limited will post 1.69 EPS for the current year.

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, August 11th. Nomad Foods's dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BTIG Research restated a "buy" rating and set a $15.00 price objective on shares of Nomad Foods in a report on Friday, August 14th. Barclays lifted their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Zacks Research downgraded Nomad Foods from a "hold" rating to a "strong sell" rating in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $11.00 price target on shares of Nomad Foods in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.25.

Institutional Investors Weigh In On Nomad Foods

Several institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in Nomad Foods by 0.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company's stock worth $124,546,000 after purchasing an additional 27,177 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Nomad Foods by 6.0% in the first quarter. Renaissance Technologies LLC now owns 3,024,282 shares of the company's stock valued at $29,063,000 after purchasing an additional 172,215 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Nomad Foods by 1.3% in the fourth quarter. Royce & Associates LP now owns 2,484,858 shares of the company's stock valued at $31,086,000 after purchasing an additional 33,052 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Nomad Foods by 2.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,856,727 shares of the company's stock worth $23,228,000 after buying an additional 48,060 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Nomad Foods by 7.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,782,238 shares of the company's stock worth $17,127,000 after buying an additional 116,647 shares during the period. 75.26% of the stock is owned by institutional investors.

Nomad Foods Company 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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