Nomad Foods (NYSE:NOMD) Director Acquires $913,000.00 in Stock

Nomad Foods Limited (NYSE:NOMD) Director Ian Ashken bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $9.13 per share, for a total transaction of $913,000.00. Following the transaction, the director directly owned 116,916 shares in the company, valued at approximately $1,067,443.08. This represents a 591.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nomad Foods Price Performance

Shares of NYSE:NOMD traded down $0.01 during midday trading on Friday, reaching $9.78. 1,813,433 shares of the company’s stock traded hands, compared to its average volume of 1,753,698. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $18.33. The company has a market cap of $1.39 billion, a P/E ratio of 9.50 and a beta of 0.69. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. The company has a fifty day simple moving average of $9.74 and a two-hundred day simple moving average of $11.33.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The firm had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue was down 5.9% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. Equities analysts predict that Nomad Foods Limited will post 1.81 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.0%. Nomad Foods’s dividend payout ratio (DPR) is 66.02%.

Institutional Trading of Nomad Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. WealthCollab LLC increased its stake in shares of Nomad Foods by 242.0% in the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after acquiring an additional 1,452 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Nomad Foods by 3,231.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after acquiring an additional 2,262 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Nomad Foods by 469.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after acquiring an additional 1,996 shares during the last quarter. Osaic Holdings Inc. increased its stake 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 worth $45,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the 3rd quarter worth $43,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NOMD. Barclays decreased their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. BTIG Research reissued a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Mizuho reduced their price objective on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Finally, Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Nomad Foods has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

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.