187,595 Shares in Nomad Foods Limited $NOMD Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp purchased a new position in Nomad Foods Limited (NYSE:NOMD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 187,595 shares of the company’s stock, valued at approximately $2,347,000. Money Concepts Capital Corp owned about 0.12% of Nomad Foods as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its holdings in shares of Nomad Foods by 0.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock worth $124,546,000 after buying an additional 27,177 shares during the last quarter. Polaris Capital Management LLC lifted its holdings in Nomad Foods by 138.8% during the third quarter. Polaris Capital Management LLC now owns 3,441,900 shares of the company’s stock valued at $45,261,000 after purchasing an additional 2,000,400 shares during the last quarter. Royce & Associates LP lifted its holdings in Nomad Foods by 45.4% during the third quarter. Royce & Associates LP now owns 2,451,806 shares of the company’s stock valued at $32,241,000 after purchasing an additional 765,690 shares during the last quarter. Ruffer LLP purchased a new stake in shares of Nomad Foods in the fourth quarter worth about $26,823,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Nomad Foods by 7.3% in the third quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock worth $22,534,000 after buying an additional 117,089 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Mizuho reduced their price target on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reissued 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, BTIG Research cut their target price on shares of Nomad Foods from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

Nomad Foods Stock Down 2.8%

Shares of Nomad Foods stock opened at $9.22 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.66 and a current ratio of 1.06. Nomad Foods Limited has a 52-week low of $9.10 and a 52-week high of $18.70. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.95 and a beta of 0.69. The company’s 50 day moving average price is $9.79 and its 200-day moving average price is $11.37.

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

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 12th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 annualized dividend and a yield of 7.4%. Nomad Foods’s payout ratio is 66.02%.

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.