Nomad Foods (NYSE:NOMD) Receives Buy Rating from BTIG Research

BTIG Research restated their buy rating on shares of Nomad Foods (NYSE:NOMD) in a research note published on Friday morning,Benzinga reports. They currently have a $15.00 target price on the stock.

NOMD has been the topic of several other research reports. Barclays upped their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st. Weiss Ratings upgraded Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Finally, Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $11.73 on Friday. Nomad Foods has a 1-year low of $8.99 and a 1-year high of $15.91. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.50 and a beta of 0.69. The stock’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $10.83.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a return on equity of 8.90% and a net margin of 4.20%.The firm had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. During the same period in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. On average, sell-side analysts predict that Nomad Foods will post 1.75 earnings per share for the current fiscal year.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, August 11th. Nomad Foods’s payout ratio is presently 66.67%.

Hedge Funds Weigh In On Nomad Foods

Several hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. bought a new position in shares of Nomad Foods in the 4th quarter valued at approximately $955,000. PYA Waltman Capital LLC grew its holdings 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. Hussman Strategic Advisors Inc. acquired a new position in Nomad Foods during the fourth quarter valued at approximately $2,102,000. Ruffer LLP bought a new stake in shares of Nomad Foods during the 4th quarter worth $26,823,000. Finally, UBS Group AG boosted its holdings in shares of Nomad Foods by 136.3% during 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 during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Nomad Foods

Here are the key news stories impacting Nomad Foods this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations: Nomad Foods reported adjusted EPS of $0.45, above the $0.37 analyst consensus, while revenue of $825.9 million modestly topped estimates. Nomad Foods Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Margins and cash generation improved: Pricing and productivity lifted reported gross margin by 130 basis points and adjusted gross margin by 110 basis points. Management also said adjusted free-cash-flow conversion increased year over year, supporting the company’s financial flexibility. Nomad Foods Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Analyst support remains favorable: BTIG Research reaffirmed its “buy” rating and assigned a $15 price target, implying meaningful upside from the referenced trading level. BTIG Reaffirms Buy Rating on Nomad Foods
• Neutral Sentiment: Valuation is back in focus: Coverage of NOMD’s rebound examines whether the company’s valuation adequately reflects its earnings potential and current operating recovery. Nomad Foods Rebound Brings Valuation Back Into Focus
• Negative Sentiment: Underlying growth remained weak: Reported revenue fell 3.1% to €724 million, with organic revenue down 2.9% as a 5.9% volume decline outweighed a 3.0% price-mix benefit. Adjusted EBITDA fell 4.3%, while profit declined 15% and adjusted EPS decreased 2.5% year over year. Nomad Foods Second Quarter Results
• Negative Sentiment: Guidance leaves limited room for upside: FY 2026 EPS guidance of $1.604–$1.779 spans below the $1.75 consensus at its lower end, potentially reinforcing concerns about volume trends and near-term earnings momentum.

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.