Brown Advisory Inc. Sells 671,054 Shares of Nomad Foods Limited $NOMD

Brown Advisory Inc. lowered its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 8.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,998,368 shares of the company’s stock after selling 671,054 shares during the period. Brown Advisory Inc.’s holdings in Nomad Foods were worth $87,550,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NOMD. WealthCollab LLC grew its position in Nomad Foods by 242.0% during the 4th quarter. WealthCollab LLC now owns 2,052 shares of the company’s stock worth $26,000 after acquiring an additional 1,452 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of 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 buying an additional 1,996 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Nomad Foods in the third quarter valued at about $43,000. Mondrian Investment Partners LTD acquired a new stake in shares of Nomad Foods in the third quarter valued at about $44,000. Finally, Osaic Holdings Inc. increased its stake in shares of Nomad Foods by 87.4% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock valued at $45,000 after buying an additional 1,240 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Activity at Nomad Foods

In other Nomad Foods news, Director Ian G. H. Ashken acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $1,067,443.08. This represents a 591.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dominic Brisby acquired 150,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $9.79 per share, with a total value of $1,468,500.00. Following the purchase, the chief executive officer directly owned 676,794 shares of the company’s stock, valued at $6,625,813.26. This trade represents a 28.47% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 264,731 shares of company stock valued at $2,524,538.

Nomad Foods Stock Performance

NYSE:NOMD opened at $10.47 on Monday. 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 business has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $11.08. Nomad Foods Limited has a 1 year low of $8.99 and a 1 year high of $18.33. The company has a market capitalization of $1.46 billion, a P/E ratio of 10.16 and a beta of 0.70.

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

Nomad Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, May 12th. Nomad Foods’s dividend payout ratio (DPR) is presently 66.02%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NOMD. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Nomad Foods in a research note on Monday, March 30th. Weiss Ratings lowered Nomad Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Mizuho lowered their price objective on Nomad Foods from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Zacks Research raised Nomad Foods from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, BTIG Research reissued a “buy” rating and issued a $15.00 price objective on shares of Nomad Foods in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.