Nomad Foods (NYSE:NOMD) CFO Buys $143,038.01 in Stock

Nomad Foods Limited (NYSE:NOMD) CFO Ruben Baldew acquired 14,731 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $9.71 per share, for a total transaction of $143,038.01. Following the completion of the transaction, the chief financial officer directly owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. This trade represents a 4.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nomad Foods Price Performance

Shares of NYSE NOMD opened at $10.44 on Thursday. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $18.33. The firm has a market cap of $1.46 billion, a P/E ratio of 10.13 and a beta of 0.69. The business’s 50 day moving average is $9.74 and its 200-day moving average is $11.29. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The firm had revenue of $827.87 million for the quarter, compared to analyst estimates of $804.00 million. During the same quarter last year, the company earned $0.21 EPS. The company’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. Equities research analysts predict that Nomad Foods Limited will post 1.76 earnings per share for the current year.

Nomad Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 12th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flax Pond Capital LLC bought a new position in Nomad Foods in the first quarter worth approximately $772,000. Bank of America Corp DE raised its position in shares of Nomad Foods by 19.0% in the first quarter. Bank of America Corp DE now owns 1,569,765 shares of the company’s stock valued at $15,085,000 after purchasing an additional 251,148 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Nomad Foods by 219.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock valued at $75,000 after purchasing an additional 5,341 shares during the period. Royal Bank of Canada increased its stake in Nomad Foods by 32.1% in the 1st quarter. Royal Bank of Canada now owns 136,361 shares of the company’s stock worth $1,310,000 after acquiring an additional 33,113 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Nomad Foods in the 1st quarter worth $3,029,000. 75.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on NOMD shares. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Weiss Ratings raised shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Mizuho decreased their target price on shares of Nomad Foods from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. 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. Finally, Zacks Research upgraded Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Nomad Foods has an average rating of “Moderate Buy” and an average price target 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.