Nomad FoodsNOMD
NOMD
About: Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.
Employees: 7,894
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $512K | Put options by funds: $424K
17% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]
11% more capital invested
Capital invested by funds: $2.08B [Q2] → $2.31B (+$226M) [Q3]
3.13% less ownership
Funds ownership: 77.42% [Q2] → 74.29% (-3.13%) [Q3]
6% less funds holding
Funds holding: 198 [Q2] → 187 (-11) [Q3]
23% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 80
31% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 32
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$23
38%
upside
Avg. target
$24
41%
upside
High target
$24
44%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Mizuho John Baumgartner 60% 1-year accuracy 12 / 20 met price target | 44%upside $24 | Outperform Maintained | 18 Dec 2024 |
Deutsche Bank Steve Powers 37% 1-year accuracy 7 / 19 met price target | 38%upside $23 | Buy Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 5 articles about NOMD published over the past 30 days
Neutral
Zacks Investment Research
22 hours ago
Is the Options Market Predicting a Spike in Nomad Foods (NOMD) Stock?
Investors need to pay close attention to Nomad Foods (NOMD) stock based on the movements in the options market lately.
Neutral
PRNewsWire
1 day ago
Nomad Foods Provides 2025 Guidance Ahead of Presentation at the 27th Annual ICR Conference
Execution of the commercial flywheel is driving strong market share and volume growth 2025 is expected to be the 10th consecutive year of revenue and Adjusted EBITDA growth as Nomad Foods celebrates its 10th anniversary as a public company WOKING, England , Jan. 14, 2025 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today provided an update on its in-market performance and detailed its strategy and tactics to sustain momentum. The Company continued to gain market share through the fourth quarter with accelerating volume growth as investments behind its Commercial Flywheel delivered results.
Neutral
PRNewsWire
1 week ago
Nomad Foods to Present at 27th Annual ICR Conference on January 14, 2025
WOKING, England , Jan. 6, 2025 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that Stéfan Descheemaeker, Chief Executive Officer, and Ruben Baldew, Chief Financial Officer, will present at the 27th Annual ICR Conference to be held in Orlando, FL on Tuesday, January 14, 2025 at 10:30 AM Eastern time. A live audio webcast of the presentation will be made available on Nomad Foods' website at www.nomadfoods.com.
Neutral
Seeking Alpha
1 week ago
Nomad Foods: Still Cheap At Around 9x Earnings
European frozen-foods firm Nomad Foods has been a disappointing performer since my opening piece in 2023, modestly underperforming the wider global staples space.
Neutral
PRNewsWire
3 weeks ago
Nomad Foods included in the 2024 Dow Jones Sustainability Europe Index for fourth consecutive year and scores top marks in Health & Nutrition
Largest frozen food producer in Europe ranked in the top twenty percentile (globally) The company also received a maximum score of 100 in Health & Nutrition for the sixth consecutive year WOKING, England , Dec. 23, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), Europe's leading frozen food company, has today announced that it has been included in the annual Dow Jones Sustainability Europe Index (DJSI Europe) for the fourth consecutive year. The frozen food manufacturer received a score of 58 out of 100, well above the global industry average, with a top score of 100 in the Health & Nutrition category (for the sixth consecutive year).
Negative
Seeking Alpha
1 month ago
Nomad Foods: Attractive Valuation, But Risks Remain
Nomad Foods is the largest frozen food (excl. ice cream) company in Europe, trading at less than 9x forward earnings. The company has shown consistent free cash flow generation and has a portfolio of well-known brands that in some cases have been around for more than a century. Nomad Foods started as a SPAC in 2014 and acquired many brands along the way. While the company never overpaid for acquisitions, the balance sheet is stretched.
Neutral
PRNewsWire
1 month ago
Nomad Foods to Participate in the Morgan Stanley Global Consumer and Retail Conference on December 3, 2024
WOKING, England , Nov. 20, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that Stéfan Descheemaeker, Chief Executive Officer, and Ruben Baldew, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer and Retail Conference to be held in New York City on Tuesday, December 3, 2024 at 3:45 PM Eastern time. A live audio webcast of the fireside chat will be made available on Nomad Foods' website at www.nomadfoods.com.
Neutral
Seeking Alpha
2 months ago
Nomad Foods Limited (NOMD) Q3 2024 Earnings Call Transcript
Nomad Foods Limited (NYSE:NOMD ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Jason English - Head of Investor Relations Stefan Descheemaeker - Chief Executive Officer Ruben Baldew - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Steve Powers - Deutsche Bank Rob Dickinson - Jefferies John Baumgartner – Mizuho Securities Jon Tanwanteng - CJS Securities Peter Saleh - BTIG Operator Good day, ladies and gentlemen and welcome to Nomad Foods Third Quarter 2024 Earnings Conference Call. At this time, all participant lines are in the listen-only mode.
Positive
Zacks Investment Research
2 months ago
Nomad Foods (NOMD) Tops Q3 Earnings and Revenue Estimates
Nomad Foods (NOMD) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.47 per share a year ago.
Neutral
PRNewsWire
2 months ago
Nomad Foods Reports Third Quarter 2024 Financial Results
Balanced growth strategy delivers volume & value gains Revenue growth of +0.8% with Adjusted EPS +28% YoY to €0.55 Full year 2024 guidance reduced following a temporary ERP disruption WOKING, England , Nov. 14, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and nine month periods ended September 30, 2024. Key operating highlights and financial performance for the third quarter 2024, when compared to the third quarter 2023, include: Reported revenue increased 0.8% to €770 million Organic revenue growth of 0.3% with volume growth of 0.7%, despite an approximate 2.5% temporary headwind related to greater than expected ERP disruptions Adjusted EBITDA increased 19.0% to €166 million Adjusted EPS increased 28% to €0.55 Management Comments Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer, stated, "I am pleased our team continues to accelerate profitable volume growth, and I am confident that our commercial flywheel is working and building momentum.
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