Nomad Foods
NOMD

$19.49

1.88%

Market Cap: $3.16B

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 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 19

61% more call options, than puts

Call options by funds: $758K | Put options by funds: $471K

39% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 56

11% more funds holding

Funds holding: 179 [Q1] → 198 (+19) [Q2]

0.45% less ownership

Funds ownership: 76.64% [Q1] → 76.2% (-0.45%) [Q2]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 6 (-1) [Q2]

16% less capital invested

Capital invested by funds: $2.43B [Q1] → $2.05B (-$383M) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$21

8%

upside

Avg. target

$23

15%

upside

High target

$24

23%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Deutsche Bank Steve Powers 85% 1-year accuracy 11 / 13 met price target	23%upside $24	Buy Maintained	8 Aug 2024
Barclays Lauren Lieberman 59% 1-year accuracy 48 / 81 met price target	8%upside $21	Overweight Maintained	19 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about NOMD published over the past 30 days

Zacks Investment Research

Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 26.35%: Read This Before Placing a Bet

The mean of analysts' price targets for Nomad Foods (NOMD) points to a 26.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 26.35%: Read This Before Placing a Bet

Nomad Is Preparing For A Good H2 2024 With Volume Recovery, And The Stock Is A Buy

Nomad Foods' 2Q24 results show a positive inflection with volumes growing 1.6%, marking the first increase in three years due to strategic pricing and promotions. Despite lower prices, gross margins rose 270 bps, with gross profits up 10%, primarily reinvested in A&P, leading to flat operating profits. Management is confident in achieving 5% growth in 2H24, with most orders already contracted, ensuring lower risks and strong revenue visibility.

Nomad Is Preparing For A Good H2 2024 With Volume Recovery, And The Stock Is A Buy

Zacks Investment Research

Nomad Foods (NOMD) is on the Move, Here's Why the Trend Could be Sustainable

Nomad Foods (NOMD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Nomad Foods (NOMD) is on the Move, Here's Why the Trend Could be Sustainable

Zacks Investment Research

Should Value Investors Buy Nomad Foods Limited (NOMD) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Nomad Foods Limited (NOMD) Stock?

Zacks Investment Research

Wall Street Analysts See a 29.11% Upside in Nomad Foods (NOMD): Can the Stock Really Move This High?

The consensus price target hints at a 29.1% upside potential for Nomad Foods (NOMD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 29.11% Upside in Nomad Foods (NOMD): Can the Stock Really Move This High?

Nomad Foods to Participate at the Barclays Global Consumer Staples Conference on September 3, 2024

WOKING, England , Aug. 20, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced that Stéfan Descheemaeker, Chief Executive Officer, and Ruben Baldew, Chief Financial Officer, will present at the Barclays Global Consumer Staples Conference to be held in Boston, MA on Tuesday, September 3, 2024 at 3:00 p.m. ET. A live audio webcast of the presentation will be made available on Nomad Foods' website at www.nomadfoods.com.

Nomad Foods to Participate at the Barclays Global Consumer Staples Conference on September 3, 2024

Nomad Foods: A Stable Player Overlooked By The Market

Nomad Foods is a leading European frozen food company with a 16% market share and strong financial health. The company's growth strategy includes organic and inorganic methods, with a focus on acquisitions to expand its market reach. Nomad Foods is undervalued by the market, with potential for growth through capital allocation, dividend payments, and share buybacks. Therefore, my recommendation is "BUY".

Nomad Foods: A Stable Player Overlooked By The Market

Zacks Investment Research

Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 27.25%: Read This Before Placing a Bet

The mean of analysts' price targets for Nomad Foods (NOMD) points to a 27.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 27.25%: Read This Before Placing a Bet

Zacks Investment Research

Are Investors Undervaluing Nomad Foods Limited (NOMD) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Nomad Foods Limited (NOMD) Right Now?

Zacks Investment Research

Nomad Foods (NOMD) is on the Move, Here's Why the Trend Could be Sustainable

Nomad Foods (NOMD) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Nomad Foods (NOMD) is on the Move, Here's Why the Trend Could be Sustainable

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