Insider Buying: Nomad Foods (NYSE:NOMD) CFO Acquires 14,731 Shares of Stock

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew purchased 14,731 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $9.71 per share, with a total value of $143,038.01. Following the completion of the acquisition, the chief financial officer directly owned 338,882 shares in the company, valued at $3,290,544.22. The trade was a 4.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nomad Foods Price Performance

NYSE NOMD traded up $0.43 on Monday, reaching $10.23. The company’s stock had a trading volume of 1,701,182 shares, compared to its average volume of 1,752,973. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $18.33. 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 stock has a market cap of $1.43 billion, a PE ratio of 9.93 and a beta of 0.69. The firm’s 50 day moving average is $9.73 and its two-hundred day moving average is $11.32.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The company had revenue of $827.87 million during the quarter, compared to the consensus estimate of $804.00 million. During the same period in the prior year, the company earned $0.21 EPS. Nomad Foods’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. As a group, sell-side analysts predict that Nomad Foods Limited will post 1.76 EPS for the current year.

Nomad Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 6.6%. Nomad Foods’s dividend payout ratio is currently 66.02%.

Institutional Trading of Nomad Foods

Hedge funds have recently made changes to their positions in the stock. WealthCollab LLC lifted its position in shares of Nomad Foods by 242.0% in the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after purchasing an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Nomad Foods by 3,231.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after purchasing an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Nomad Foods by 469.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after purchasing an additional 1,996 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Nomad Foods in the third quarter worth approximately $43,000. Finally, Mondrian Investment Partners LTD acquired a new position in Nomad Foods in the third quarter worth approximately $44,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Barclays reduced their price objective on shares of 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 reaffirmed a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Finally, Mizuho reduced their price objective on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Nomad Foods presently has a consensus rating of “Moderate Buy” and a consensus price target 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.