Fox Run Management L.L.C. Takes $955,000 Position in Nomad Foods Limited $NOMD

Fox Run Management L.L.C. acquired a new stake in Nomad Foods Limited (NYSE:NOMD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,308 shares of the company’s stock, valued at approximately $955,000.

Several other institutional investors have also modified their holdings of the company. Ruffer LLP purchased a new stake in shares of Nomad Foods during the fourth quarter valued at $26,823,000. Royce & Associates LP lifted its holdings in shares of Nomad Foods by 45.4% during the third quarter. Royce & Associates LP now owns 2,451,806 shares of the company’s stock valued at $32,241,000 after purchasing an additional 765,690 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Nomad Foods by 164.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,195,533 shares of the company’s stock valued at $20,312,000 after purchasing an additional 742,813 shares during the last quarter. Atlantic Investment Management Inc. purchased a new stake in shares of Nomad Foods during the third quarter valued at $9,494,000. Finally, Invenomic Capital Management LP lifted its holdings in shares of Nomad Foods by 144.2% during the third quarter. Invenomic Capital Management LP now owns 952,268 shares of the company’s stock valued at $12,522,000 after purchasing an additional 562,304 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Buying and Selling

In other Nomad Foods news, CFO Ruben Baldew acquired 14,731 shares of Nomad Foods stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost 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 approximately $3,290,544.22. The trade was a 4.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken acquired 100,000 shares of Nomad Foods stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $9.13 per share, with a total value of $913,000.00. Following the completion of the purchase, the director owned 116,916 shares in the company, valued at approximately $1,067,443.08. This represents a 591.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 264,731 shares of company stock valued at $2,524,538. Corporate insiders own 17.27% of the company’s stock.

Nomad Foods Stock Up 1.0%

Shares of Nomad Foods stock opened at $10.34 on Thursday. The stock has a 50-day moving average price of $9.82 and a 200 day moving average price of $11.11. The company has a market cap of $1.44 billion, a P/E ratio of 10.03 and a beta of 0.70. The company has a current ratio of 1.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.91. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $18.33.

Nomad Foods (NYSE:NOMD) last announced its quarterly earnings data 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. The firm had revenue of $827.87 million during the quarter, compared to the consensus estimate of $804.00 million. Nomad Foods had a return on equity of 9.05% and a net margin of 4.43%.The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Nomad Foods has set its FY 2026 guidance at 1.720-1.900 EPS. As a group, analysts expect that Nomad Foods Limited will post 1.75 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, May 12th. Nomad Foods’s dividend payout ratio is currently 66.02%.

Analyst Ratings Changes

NOMD has been the subject of several analyst reports. Barclays reduced their target price on Nomad Foods from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Weiss Ratings downgraded Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Nomad Foods in a report on Monday, March 30th. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Nomad Foods in a report on Wednesday, May 13th. Finally, Mizuho reduced their target price on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.50.

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.