Nomad Foods (NOMD) Stock Price, News & Analysis

Company Overview

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers. It also provides meal products that include ready-to-cook noodles, pasta, lasagna, pancakes, and other ready-made meals; ice creams, such as in-home and out-of-home ice creams; and other products consisting of soups, pizzas, bakery goods, and meat substitutes. The company sells its products to supermarkets and food retail chains primarily under the Birds Eye, Green Cuisine, iglo, Findus, Aunt Bessie's, Goodfella's, Frikom, Ledo, La Cocinera, and Belviva brand names. Nomad Foods Limited was founded in 2014 and is headquartered in Feltham, the United Kingdom.

Key Stats

• Today's Range: $17.60 to $17.84
• 50-Day Range: $17.61 to $19.78
• 52-Week Range: $13.56 to $20.05
• Volume: 326,579 shs
• Average Volume: 594,382 shs
• Market Capitalization: $2.87 billion
• P/E Ratio: 13.06
• Dividend Yield: 3.40%
• Price Target: $24.33
• Consensus Rating: Buy

Nomad Foods Stock Analysis - MarketRank™

Nomad Foods scored higher than 93% of companies evaluated by MarketBeat, and ranked 22nd out of 146 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Nomad Foods has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nomad Foods has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.69%

Earnings Growth

Earnings for Nomad Foods are expected to grow by 9.69% in the coming year, from $1.96 to $2.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nomad Foods is 13.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nomad Foods is 13.06, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.92.

Price to Book Value per Share Ratio

Nomad Foods has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.46% of the float of Nomad Foods has been sold short.

Short Interest Ratio / Days to Cover

Nomad Foods has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nomad Foods has recently decreased by 17.02%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Nomad Foods pays a meaningful dividend of 3.41%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Nomad Foods does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Nomad Foods is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Nomad Foods will have a dividend payout ratio of 27.91% next year. This indicates that Nomad Foods will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.46% of the float of Nomad Foods has been sold short.

Short Interest Ratio / Days to Cover

Nomad Foods has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nomad Foods has recently decreased by 17.02%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.84

News Sentiment

Nomad Foods has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Nomad Foods this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 3 people have added Nomad Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nomad Foods insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.27% of the stock of Nomad Foods is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

75.26% of the stock of Nomad Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOMD Stock Analysis - Frequently Asked Questions

How have NOMD shares performed this year?

Nomad Foods' stock was trading at $16.95 at the start of the year. Since then, NOMD shares have increased by 4.0% and is now trading at $17.63.
View the best growth stocks for 2024 here.

How were Nomad Foods' earnings last quarter?

Nomad Foods Limited (NYSE:NOMD) announced its quarterly earnings results on Wednesday, August, 7th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.47. The business earned $810.64 million during the quarter, compared to analysts' expectations of $822.21 million. Nomad Foods had a net margin of 6.79% and a trailing twelve-month return on equity of 9.78%.

Who are Nomad Foods' major shareholders?

Top institutional shareholders of Nomad Foods include Perpetual Ltd (0.27%), Clean Yield Group (0.10%), Inspire Investing LLC (0.03%) and Handelsbanken Fonder AB (0.02%).

How do I buy shares of Nomad Foods?

Shares of NOMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nomad Foods own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nomad Foods investors own include Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Target (TGT).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 8/26 Dividend: 8/09/2024
• Dividend Payable: 8/26/2024
• Today: 10/12/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Food & kindred products
• Sub-Industry: Food Products
• Current Symbol: NYSE:NOMD
• CUSIP: N/A
• CIK: 1651717
• Web: www.nomadfoods.com
• Phone: 442089183200
• Fax: 44-20-8918-3491
• Employees: 7,894
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $24.33
• High Stock Price Target: $28.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +38.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.35
• Trailing P/E Ratio: 13.06
• Forward P/E Ratio: 8.99
• P/E Growth: N/A
• Net Income: $208.56 million
• Net Margins: 6.79%
• Pretax Margin: 8.88%
• Return on Equity: 9.78%
• Return on Assets: 4.02%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 1.17
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $3.29 billion
• Price / Sales: 0.87
• Cash Flow: $2.30 per share
• Price / Cash Flow: 7.68
• Book Value: $16.08 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 162,980,000
• Free Float: 134,832,000
• Market Cap: $2.87 billion
• Optionable: Optionable
• Beta: 0.78