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 company’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $11.85 per share, with a total value of $335,236.50. Following the purchase, the chief financial officer owned 367,172 shares in the company, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Nomad Foods Stock Up 2.0%

NOMD stock opened at $11.84 on Friday. The firm has a market cap of $1.66 billion, a PE ratio of 11.61 and a beta of 0.69. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 1.10. The firm’s 50 day moving average price is $11.41 and its 200-day moving average price is $10.81. Nomad Foods Limited has a one year low of $8.99 and a one year high of $15.91.

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

Nomad Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date 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

Several analysts recently issued reports on NOMD shares. Barclays boosted their price objective on shares of Nomad Foods from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Zacks Research lowered shares of Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Nomad Foods in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price target on shares of Nomad Foods in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.25.

Institutional Investors Weigh In On Nomad Foods

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in Nomad Foods by 3,231.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,332 shares of the company’s stock worth $29,000 after acquiring an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Nomad Foods by 469.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock valued at $30,000 after acquiring an additional 1,996 shares during the period. Johnson Financial Group Inc. acquired a new position in Nomad Foods in the 3rd quarter valued at about $43,000. Osaic Holdings Inc. grew its position in Nomad Foods by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after acquiring an additional 1,240 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Nomad Foods by 219.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $75,000 after purchasing an additional 5,341 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

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.