Nomad Foods Limited (NYSE:NOMD) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a mixed view of Nomad Foods: six firms give the stock an average “Hold” rating, with three buys, two holds and one sell. The average 12-month price target is $13.25 versus a recent price of $11.84.
• Nomad Foods beat quarterly earnings expectations, reporting $0.45 in EPS versus the $0.37 consensus, while revenue of $825.94 million was roughly in line with estimates but declined 3.1% year over year.
• The company declared a quarterly dividend of $0.17, equivalent to a $0.68 annualized payout and a 5.7% yield. CFO Ruben Baldew also purchased 28,290 shares, and insiders collectively own 17.27% of the stock.

Shares of Nomad Foods Limited (NYSE:NOMD - Get Free Report) have received an average rating of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.25.

Several research firms have issued reports on NOMD. Barclays increased their target price on Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Zacks Research cut Nomad Foods from a "hold" rating to a "strong sell" rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $11.00 price objective on shares of Nomad Foods in a research note on Tuesday, July 21st. BTIG Research reissued a "buy" rating and set a $15.00 price objective on shares of Nomad Foods in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 2nd.

Insider Activity at Nomad Foods

In other news, CFO Ruben Baldew acquired 28,290 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $11.85 per share, for a total transaction of $335,236.50. Following the completion of the transaction, the chief financial officer owned 367,172 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 17.27% of the company's stock.

Institutional Trading of Nomad Foods

Institutional investors and hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new position in shares of Nomad Foods during the 4th quarter valued at $955,000. PYA Waltman Capital LLC raised its position in shares of Nomad Foods by 58.8% in 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. purchased a new stake in shares of Nomad Foods in the fourth quarter worth $2,102,000. UBS Group AG boosted its stake in Nomad Foods by 136.3% during the fourth quarter. UBS Group AG now owns 384,332 shares of the company's stock valued at $4,808,000 after buying an additional 221,716 shares during the period. Finally, Endure Capital Management LLC bought a new stake in Nomad Foods during the first quarter valued at $4,236,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Nomad Foods Price Performance

NOMD opened at $11.84 on Friday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.61 and a beta of 0.69. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $11.41 and a 200-day moving average price of $10.81. Nomad Foods has a twelve month low of $8.99 and a twelve month high of $15.91.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. The company had revenue of $825.94 million for the quarter, compared to analysts' expectations of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. Nomad Foods's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Equities analysts expect that Nomad Foods will post 1.69 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders 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 dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Nomad Foods's dividend payout ratio is presently 66.67%.

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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