Nomad Foods Limited (NOMD) to Distribute Quarterly Dividend of $0.17 on August 27th

Nomad Foods Limited (NYSE:NOMD) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.17 per share on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

Nomad Foods has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nomad Foods to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.2%.

Nomad Foods Stock Down 3.8%

Shares of NYSE NOMD opened at $11.93 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 0.66. The company has a 50-day moving average price of $10.93 and a 200-day moving average price of $10.84. Nomad Foods has a 1 year low of $8.99 and a 1 year high of $17.30. The stock has a market capitalization of $1.67 billion, a P/E ratio of 11.59 and a beta of 0.69.

Nomad Foods (NYSE:NOMD) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $827.87 million for the quarter, compared to analysts’ expectations of $804.00 million. Nomad Foods had a net margin of 4.43% and a return on equity of 9.05%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. On average, equities research analysts forecast that Nomad Foods will post 1.75 EPS for the current fiscal year.

Insider Activity

In related news, CEO Dominic Brisby bought 150,000 shares of Nomad Foods stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $9.79 per share, with a total value of $1,468,500.00. Following the transaction, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at approximately $6,625,813.26. The trade was a 28.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ruben Baldew purchased 14,731 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $9.71 per share, with a total value of $143,038.01. Following the purchase, the chief financial officer owned 338,882 shares in the company, valued at $3,290,544.22. The trade was a 4.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 264,731 shares of company stock valued at $2,524,538 in the last three months. Company insiders own 17.27% of the company’s stock.

Institutional Trading of Nomad Foods

Several hedge funds have recently made changes to their positions in NOMD. Assenagon Asset Management S.A. purchased a new position in shares of Nomad Foods in the second quarter valued at $3,175,000. Alpine Woods Capital Investors LLC purchased a new stake in Nomad Foods during the 1st quarter valued at about $150,000. Flax Pond Capital LLC purchased a new stake in shares of Nomad Foods during the first quarter valued at approximately $772,000. Bank of America Corp DE grew its holdings in Nomad Foods by 19.0% in the 1st quarter. Bank of America Corp DE now owns 1,569,765 shares of the company’s stock worth $15,085,000 after acquiring an additional 251,148 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Nomad Foods by 219.6% in 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 last quarter. 75.26% of the stock is currently owned by institutional investors.

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.