Nomad Foods (NYSE:NOMD) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Nomad Foods Limited (NYSE:NOMD - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.69 and traded as low as $10.78. Nomad Foods shares last traded at $10.8630, with a volume of 1,362,167 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NOMD. Barclays upped their price target on Nomad Foods from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. BTIG Research reissued a "buy" rating and issued a $15.00 price objective on shares of Nomad Foods in a research report on Friday, August 14th. Weiss Ratings upgraded Nomad Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 2nd. Zacks Research cut Nomad Foods from a "hold" rating to a "strong sell" rating in a research note on Monday, August 17th. Finally, 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. Three equities 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 company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $13.25.

Nomad Foods Trading Down 0.6%

The company's fifty day moving average price is $11.69 and its two-hundred day moving average price is $10.64. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.52 billion, a P/E ratio of 10.65 and a beta of 0.69.

Nomad Foods (NYSE:NOMD - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, sell-side analysts predict that Nomad Foods Limited will post 1.63 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 6.3%. Nomad Foods's dividend payout ratio (DPR) is currently 66.67%.

Insider Buying and Selling

In related news, CFO Ruben Baldew bought 28,290 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of $11.85 per share, with a total value of $335,236.50. Following the transaction, the chief financial officer directly owned 367,172 shares in the company, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dominic Brisby bought 50,000 shares of the business's stock in a transaction on Monday, August 24th. The shares were bought at an average cost 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 in the company, valued at approximately $8,997,709.72. This trade represents a 7.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Investors Weigh In On Nomad Foods

Several institutional investors and hedge funds have recently made changes to their positions in NOMD. Fox Run Management L.L.C. purchased a new position in Nomad Foods during the fourth quarter valued at approximately $955,000. PYA Waltman Capital LLC lifted its position in Nomad Foods by 58.8% during the fourth quarter. PYA Waltman Capital LLC now owns 433,979 shares of the company's stock valued at $5,429,000 after purchasing an additional 160,728 shares during the last quarter. Endure Capital Management LLC purchased a new position in Nomad Foods in the 1st quarter worth approximately $4,236,000. UBS Group AG grew its stake in Nomad Foods by 136.3% in 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 in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Nomad Foods in the 1st quarter worth $3,029,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Nomad Foods Company Profile

Nomad Foods is a European food company focused on the frozen-food market. Its portfolio includes frozen fish, vegetables, meals, poultry products, potato products and ice cream, which it sells through retail and foodservice channels.

The company's principal brands include Birds Eye in the United Kingdom and other markets, Findus in several European countries, and iglo in Germany, Austria and other parts of continental Europe. Its portfolio also includes Aunt Bessie's and Goodfella's, among other regional brands.

Nomad Foods was formed in 2014 and acquired the Iglo Group, including the Birds Eye, Findus and iglo businesses, in 2015.

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