Nomad Foods (NYSE:NOMD) CEO Buys $619,000.00 in Stock

Nomad Foods Limited (NYSE:NOMD) CEO Dominic Brisby acquired 50,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $12.38 per share, with a total value of $619,000.00. Following the acquisition, the chief executive officer owned 726,794 shares in the company, valued at approximately $8,997,709.72. The trade was a 7.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Nomad Foods Stock Down 0.8%

Nomad Foods stock opened at $11.89 on Friday. Nomad Foods Limited has a 1-year low of $8.99 and a 1-year high of $15.58. The business has a fifty day moving average price of $11.60 and a 200-day moving average price of $10.78. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.10 and a quick ratio of 0.66. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.66 and a beta of 0.69.

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

Nomad Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. Nomad Foods’s dividend payout ratio is 66.67%.

Institutional Investors Weigh In On Nomad Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in Nomad Foods by 3,231.4% in 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 last quarter. SBI Securities Co. Ltd. raised its position in Nomad Foods by 469.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,421 shares of the company’s stock worth $30,000 after buying an additional 1,996 shares during the last quarter. Osaic Holdings Inc. raised its position in Nomad Foods by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after buying an additional 1,240 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Nomad Foods during the 3rd quarter worth approximately $43,000. Finally, Leonteq Securities AG acquired a new stake in Nomad Foods during the 4th quarter valued at approximately $88,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analyst Ratings Changes

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

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.