Insider Buying: Nomad Foods (NYSE:NOMD) Director Buys $913,000.00 in Stock

Nomad Foods Limited (NYSE:NOMD) Director Ian Ashken bought 100,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $9.13 per share, for a total transaction of $913,000.00. Following the acquisition, the director directly owned 116,916 shares of the company’s stock, valued at approximately $1,067,443.08. The trade was a 591.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Nomad Foods Stock Down 0.2%

Shares of Nomad Foods stock opened at $9.78 on Monday. 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 Limited has a 52-week low of $8.99 and a 52-week high of $18.33. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.50 and a beta of 0.69. The company’s 50 day moving average price is $9.73 and its 200-day moving average price is $11.32.

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

Nomad Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 7.0%. Nomad Foods’s dividend payout ratio (DPR) is currently 66.02%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NOMD. Weiss Ratings upgraded shares of Nomad Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. BTIG Research restated a “buy” rating and issued a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Mizuho cut 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. Finally, Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Nomad Foods currently has a consensus rating of “Moderate Buy” and an average target price of $12.50.

Institutional Trading of Nomad Foods

Several large investors have recently added to or reduced their stakes in NOMD. WealthCollab LLC boosted its holdings in Nomad Foods by 242.0% in the fourth quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock valued at $26,000 after acquiring an additional 1,452 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 2,262 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Nomad Foods by 469.6% in the fourth 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 in the last quarter. Johnson Financial Group Inc. bought a new stake in Nomad Foods in the third quarter valued at $43,000. Finally, Mondrian Investment Partners LTD bought a new stake in Nomad Foods in the third quarter valued at $44,000. Institutional investors own 75.26% of the company’s stock.

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.