Ruben Baldew Acquires 28,290 Shares of Nomad Foods (NYSE:NOMD) Stock

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew purchased 28,290 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average price of $11.85 per share, for a total transaction of $335,236.50. Following the completion of the purchase, the chief financial officer directly owned 367,172 shares of the company’s stock, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nomad Foods Stock Up 2.0%

Nomad Foods stock traded up $0.23 during mid-day trading on Friday, reaching $11.84. 1,560,392 shares of the company’s stock were exchanged, compared to its average volume of 1,656,780. Nomad Foods Limited has a twelve month low of $8.99 and a twelve month high of $15.91. The company has a fifty day moving average of $11.39 and a 200-day moving average of $10.80. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.66 billion, a P/E ratio of 11.61 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last released its earnings results on Thursday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $825.94 million during the quarter, compared to analyst estimates of $825.02 million. Nomad Foods had a return on equity of 8.88% and a net margin of 4.20%.Nomad Foods’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. Sell-side analysts expect that Nomad Foods Limited will post 1.69 EPS for the current year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.7%. Nomad Foods’s dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NOMD shares. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a report on Friday, August 14th. Barclays upped their price objective on Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Nomad Foods presently has a consensus rating of “Hold” and a consensus price target of $13.25.

Institutional Investors Weigh In On Nomad Foods

A number of institutional investors and hedge funds have recently bought and sold shares of NOMD. Fox Run Management L.L.C. acquired a new position in Nomad Foods in the 4th quarter valued at $955,000. PYA Waltman Capital LLC boosted its holdings in Nomad Foods by 58.8% in the 4th 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 in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Nomad Foods in the 4th quarter valued at approximately $2,102,000. UBS Group AG increased its position in 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 purchasing an additional 221,716 shares during the period. Finally, Endure Capital Management LLC purchased a new position in shares of Nomad Foods during the 1st quarter worth approximately $4,236,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

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.