Dominic Brisby Acquires 150,000 Shares of Nomad Foods (NYSE:NOMD) Stock

Nomad Foods Limited (NYSE:NOMD) CEO Dominic Brisby bought 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the transaction, the chief executive officer directly owned 676,794 shares in the company, valued at $6,625,813.26. The trade was a 28.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nomad Foods Price Performance

NYSE:NOMD traded up $0.43 during mid-day trading on Monday, reaching $10.23. The stock had a trading volume of 1,701,182 shares, compared to its average volume of 1,752,973. The firm has a 50 day moving average price of $9.73 and a two-hundred day moving average price of $11.32. The stock has a market capitalization of $1.43 billion, a P/E ratio of 9.93 and a beta of 0.69. Nomad Foods Limited has a one year low of $8.99 and a one year 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.

Nomad Foods (NYSE:NOMD) last released its earnings results 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 company had revenue of $827.87 million during the quarter, compared to the consensus estimate 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, analysts expect that Nomad Foods Limited will post 1.76 earnings per share for the current year.

Nomad Foods Dividend Announcement

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

Hedge Funds Weigh In On Nomad Foods

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

Analyst Upgrades and Downgrades

NOMD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Weiss Ratings raised Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Barclays decreased their price target on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nomad Foods has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

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.