Yorkville Advisors Global LP Purchases New Holdings in Nomad Foods Limited $NOMD

Yorkville Advisors Global LP purchased a new stake in Nomad Foods Limited (NYSE:NOMD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,251,000. Nomad Foods accounts for approximately 0.8% of Yorkville Advisors Global LP’s holdings, making the stock its 14th largest holding.

Several other institutional investors have also made changes to their positions in NOMD. Royal Bank of Canada boosted its stake in shares of Nomad Foods by 9.2% in the first quarter. Royal Bank of Canada now owns 143,968 shares of the company’s stock valued at $2,829,000 after buying an additional 12,131 shares during the period. Millennium Management LLC boosted its stake in shares of Nomad Foods by 81.3% in the first quarter. Millennium Management LLC now owns 656,686 shares of the company’s stock valued at $12,904,000 after buying an additional 294,386 shares during the period. Jane Street Group LLC boosted its stake in shares of Nomad Foods by 50.2% in the first quarter. Jane Street Group LLC now owns 75,847 shares of the company’s stock valued at $1,490,000 after buying an additional 25,358 shares during the period. Cetera Investment Advisers bought a new stake in shares of Nomad Foods in the second quarter valued at approximately $221,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Nomad Foods by 427.3% in the second quarter. JPMorgan Chase & Co. now owns 105,871 shares of the company’s stock valued at $1,799,000 after buying an additional 85,793 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NOMD. Barclays cut their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a research note on Wednesday, May 13th. Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings cut Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Three investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Insider Buying and Selling

In other Nomad Foods news, CFO Ruben Baldew bought 14,731 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the transaction, the chief financial officer directly owned 338,882 shares in the company, valued at approximately $3,290,544.22. This represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $9.13 per share, with a total value of $913,000.00. Following the completion of the acquisition, the director directly owned 116,916 shares of the company’s stock, valued at $1,067,443.08. This trade represents a 591.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 264,731 shares of company stock worth $2,524,538 in the last ninety days. Company insiders own 17.27% of the company’s stock.

Nomad Foods Trading Down 3.1%

Shares of NOMD stock opened at $9.77 on Thursday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 9.48 and a beta of 0.70. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $9.79 and its 200 day simple moving average is $11.18.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.Nomad Foods’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, sell-side analysts predict that Nomad Foods Limited will post 1.76 EPS for the current fiscal year.

Nomad Foods Announces Dividend

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

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.