Thompson Siegel & Walmsley LLC Buys 56,142 Shares of Nomad Foods Limited $NOMD

Thompson Siegel & Walmsley LLC boosted its stake in Nomad Foods Limited (NYSE:NOMD) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,310,023 shares of the company’s stock after acquiring an additional 56,142 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Nomad Foods were worth $16,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its stake in Nomad Foods by 0.4% in the 2nd quarter. Alliancebernstein L.P. now owns 7,330,537 shares of the company’s stock valued at $124,546,000 after purchasing an additional 27,177 shares during the last quarter. Royce & Associates LP lifted its stake in Nomad Foods by 1.3% in the 4th quarter. Royce & Associates LP now owns 2,484,858 shares of the company’s stock valued at $31,086,000 after purchasing an additional 33,052 shares during the last quarter. Ruffer LLP bought a new position in Nomad Foods in the 4th quarter valued at approximately $26,823,000. Wellington Management Group LLP lifted its stake in Nomad Foods by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,713,601 shares of the company’s stock valued at $22,534,000 after purchasing an additional 117,089 shares during the last quarter. Finally, Systematic Financial Management LP lifted its stake in Nomad Foods by 2.6% in the 4th quarter. Systematic Financial Management LP now owns 1,603,822 shares of the company’s stock valued at $20,064,000 after purchasing an additional 40,804 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO Dominic Brisby bought 150,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $9.79 per share, with a total value of $1,468,500.00. Following the completion of the purchase, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. This represents a 28.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ruben Baldew purchased 14,731 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $9.71 per share, with a total value of $143,038.01. Following the completion of the purchase, the chief financial officer owned 338,882 shares of the company’s stock, valued at approximately $3,290,544.22. This represents a 4.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 264,731 shares of company stock valued at $2,524,538 over the last quarter.

Nomad Foods Stock Performance

Shares of NOMD stock opened at $10.15 on Monday. The business’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $11.23. Nomad Foods Limited has a one year low of $8.99 and a one year high of $18.33. The stock has a market capitalization of $1.42 billion, a PE ratio of 9.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66.

Nomad Foods (NYSE:NOMD) last announced its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business had revenue of $827.87 million for the quarter, compared to analysts’ expectations of $804.00 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’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, research analysts forecast that Nomad Foods Limited will post 1.76 earnings per share for the current year.

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

Analyst Ratings Changes

Several equities analysts recently commented on NOMD shares. Barclays dropped 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. Weiss Ratings downgraded shares of Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. BTIG Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Nomad Foods in a research note on Wednesday, May 13th. Finally, Zacks Research raised shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. 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. Based on data from MarketBeat.com, Nomad Foods currently has an average rating of “Hold” and a consensus target price of $12.50.

Nomad Foods 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.