NYSE:NOMD (UK) Also trade in: Germany Mexico UK

Nomad Foods Ltd

$ 22.53 -0.2 (-0.88%)
Volume: 604,562 Avg Vol (1m): 958,098
Market Cap $: 4.38 Bil Enterprise Value $: 5.67 Bil
P/E (TTM): 26.13 P/B: 1.45
Earnings Power Value 0
Net Current Asset Value -12.84
Tangible Book -9.5
Projected FCF 0
Median P/S Value 19.19
Graham Number 0
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

NOMD News and Headlines - Nomad Foods

GuruFocus Articles Total 23
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NEW YORK, March 28, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of Penn National Gaming, Inc. (PENN), Nomad Foods Limited (:NOMD), Americold Realty Trust (:COLD), Cboe Global Markets, Inc. (:CBOE), Eagle Pharmaceuticals, Inc. (EGRX), and National Commerce Corporation (NCOM), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

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0 Views    Marketwired    2019-03-28 12:00

NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Leidos Holdings, Inc. (:LDOS), Nomad Foods Limited (:NOMD), Huron Consulting Group Inc. (HURN), Casella Waste Systems, Inc. (CWST), The Medicines Company (MDCO), and Aurinia Pharmaceuticals Inc (AUPH), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

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0 Views    Marketwired    2019-01-30 17:06

NEW YORK, Oct. 17, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Genesis Healthcare, Inc. (:GEN), Rexnord Corporation (:RXN), Renewable Energy Group, Inc. (REGI), Aurora Cannabis Inc. (ACBFF), Nomad Foods Limited (:NOMD), and BRF S.A. (:BRFS), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

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0 Views    Marketwired    2018-10-17 16:03

NEW YORK, Aug. 22, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Nomad Foods Limited (:NOMD), AutoNation, Inc. (:AN), Entercom Communications Corporation (:ETM), IMAX Corporation (:IMAX), Protalix BioTherapeutics, Inc. (:PLX), and Yamana Gold Inc. (:AUY), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

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NOMD

0 Views    Marketwired    2018-08-22 12:01

NEW YORK, Aug. 21, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Alamos Gold Inc. (:AGI), Nomad Foods Limited (:NOMD), MyoKardia, Inc. (MYOK), Mesoblast Limited (MESO), Core-Mark Holding Company, Inc. (CORE), and Jounce Therapeutics, Inc. (JNCE), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

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0 Views    Marketwired    2018-08-21 12:02

NEW YORK, June 08, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cameco Corporation (:CCJ), GSV Capital Corp. (GSVC), Janus Henderson Group plc (:JHG), Manulife Financial Corp. (:MFC), Nomad Foods Limited (:NOMD), and XL Group Ltd. (:XL), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

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0 Views    Marketwired    2018-06-08 12:00
Herbalife, Chipotle vex investor

Ackman’s investments at Pershing Square Capital Management LP posted negative returns for the third straight year in 2017, according to fund documents.

The hedge fund manager’s Pershing Square Holdings Ltd. portfolio slumped 2.6% in gross performance and 4% net of fees for the year. The figure came as gains in Nomad Foods Ltd. (NOMD) and Restaurant Brands International Inc. (QSR) failed to fully offset losses in Chipotle (CMG) and Herbalife (HLF). Ackman also released the biggest drag on his portfolio of the last two years, Valeant Pharmaceuticals (VRX), early in 2017.

Though returns continued in negative territory, 2017 marked the

1173 Views    Holly LaFon    2018-01-03 23:16
Guru stock highlight

We invested in Nomad (NOMD) in the second quarter of 2015 and a member of our investment team, Brian Welch, joined the board. Our investment was made in conjunction with the company’s formation and its acquisition of Iglo, a leading European branded frozen food company with a strong position in the UK, Italy, and Germany. Stefan Descheemaeker was hired as CEO to lead the new company.

Nomad followed its initial transaction with the highly synergistic and complementary purchase of Findus’s non-UK assets in August 2015. The Findus acquisition helped to fill out Nomad’s geographic footprint with leading

67 Views    Holly LaFon    2017-11-16 19:42
Activist investor exits stake in packaged foods company

Pershing Square leader Bill Ackman (Trades, Portfolio) exited his 19.34% stake in Nomad Foods Ltd. (NOMD) on Sept. 7.

Having established the 33.3 million-share stake in 2015 for an average price of $11.72 per share, the well-known activist investor has held onto the position without adding to or reducing the holding. The divestment had an impact of -7.82% on the portfolio.

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Nomad’s shares fell more than 4% on Sept. 6 after the company and Pershing Square announced a secondary offering for the hedge fund’s stake, which is worth approximately $497 million. Based

594 Views    Sydnee Gatewood    2017-09-13 22:17
Company enjoyed strong quarterly results and is poised to grow with new strategies

Growth stocks are always a favorite among investors, and Nomad Foods Ltd. (NOMD) is a growth stock. This leading frozen foods company posted strong second-quarter results on Aug. 24, including a 0.48% increase in total revenue. Net profit for the first six months increased 92.84%.

Headquartered in Feltham, United Kingdom, Nomad Foods is the leading branded frozen food player that manufactures and distributes frozen foods (fish, vegetables, poultry products, ready meals and others) primarily in 17 countries in Western Europe holding a 13.8% market share of the frozen food market. The company’s portfolio of frozen food brands includes Birds Eye,

148 Views    Mrinalini Chaudhuri    2017-08-31 19:23
Guru stock highlight

Nomad (NOMD) continues to make significant progress with its “focus on the core” strategy under CEO Stefan Descheemaker. In Q1 2017 Nomad delivered its first quarter of positive top-line growth and the sixth consecutive quarter of sequential improvement in sales trends. For the quarter, like-for-like sales growth was +1.1% despite a ~100 basis points headwind from this year’s later Easter timing.

Iconic brands and core categories in each of its markets, which management has dubbed Must-Win-Battles (MWBs) are the key drivers of performance. Having grown 5.5% in Q1, MWBs represent 70% of revenue and will continue to drive top-line results

123 Views    Holly LaFon    2017-08-18 16:45
The investor had almost every stock gain, but Herbalife short soared

In spite of a spirited performance in almost all of his holdings, [url=http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman]Bill Ackman[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Ackman]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Bill+Ackman]Portfolio[/url])’s Pershing Square portfolio missed a gain year to date mainly on the rally of his short position in Herbalife Ltd. (HLF), according to his June report.

Ackman’s fund edge down 1.5% in gross performance and 2.3% in net of fees, as returns for June slid 6.2% gross and 6.3% net. With his exit from the battered Valeant Pharmaceuticals in the first quarter, all but one of his stocks rose year to date. The best performers were Nomad Foods Ltd. (NOMD), Restaurant Brands International (QSR)

1636 Views    Holly LaFon    2017-07-03 23:12
High-conviction top position is more than twice size of next biggest

Returns at value-influenced [url=http://www.gurufocus.com/StockBuy.php?GuruName=Daniel+Loeb]Daniel Loeb[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Daniel+Loeb]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Daniel+Loeb]Portfolio[/url])’s Third Point Offshore Fund exceeded the broader market for the first five months of the year, helped by a sizable advance in his most concentrated long position, Baxter International (BAX).

In a challenging year for investors seeking value, Loeb’s “value-oriented, event-driven” strategy earned him a 9.9% return through the month of May, versus an 8.7% gain in the S&P 500. The average hedge fund returned 3.31% year to date and event driven hedge funds returned 4.76%, according to HFRX Indices.

Medical device company Baxter International, Loeb’s biggest position representing 23.28% of

740 Views    Holly LaFon    2017-06-05 20:49
Guru stock highlight

Nomad Foods (NYSE:NOMD) has begun to show meaningful progress in stabilizing its revenue trends under its new management team. Nomad’s initial revenue trends after its mid-2015 purchase of the Iglo asset were disappointing because of prior management’s investment in new product development at the expense of the company’s core offerings. The company’s current management led by Stefan Descheemaeker has redirected its resources behind core offerings or Must Win Battles (“MWBs”). While this strategy shift will take time to have full effect, recent results have been encouraging.

Nomad’s Q4 results showed like-for-like sales declined 2.7% for the quarter, which marked

172 Views    Holly LaFon    2017-05-12 18:51
Guru stock highlight

Nomad (NOMD) has built the leading branded frozen food business in Europe with its acquisitions of Iglo and the non-UK assets of Findus. The frozen food business is generally stable, and Nomad enjoys high margins and strong cash-flow generation with low capital expenditure requirements and modest cash taxes.

Nomad’s recent results have been disappointing as revenue trends have been weak. The new management team believes this has been caused by legacy strategic decisions to focus on new product development at the expense of the company’s core offerings. As a result, they have redirected their resources behind the company’s core offerings,

64 Views    Holly LaFon    2017-05-08 19:56
Guru stock highlight

Nomad (NOMD) has built the leading branded frozen food business in Europe with its acquisitions of Iglo and the non-UK assets of Findus. The frozen food business is generally stable, and Nomad enjoys high margins and strong cash-flow generation with low capital expenditure requirements and modest cash taxes.

Nomad’s recent results have been disappointing as revenue trends have been weak. The new management team believes this has been caused by legacy strategic decisions to focus on new product development at the expense of the company’s core offerings. As a result, they have redirected their resources behind the company’s core

113 Views    Holly LaFon    2017-03-30 18:57
Guru stock highlight

Nomad (NOMD) reported Q3 results in late November.

Third quarter like-for-like sales declined 3.3%, which marked the fourth straight quarter of sequential improvement in like-for-like sales trends. This sequential improvement in trends is consistent with management’s guidance and driven by the company’s shift in its strategy to refocus its resources on its core product offerings.

Third quarter EBITDA was €85 million and the EBITDA margin was 19.4% or 200 basis points better than prior year, although much of this improvement in margins was driven by a reduction in bonus accruals. Net of this impact, margins grew modestly, driven by a

201 Views    Holly LaFon    2016-12-09 19:38
Losses deepen at fund

Bill Ackman (Trades, Portfolio)’s Pershing Square returns slumped lower for the third straight month in October as stock prices of most of the holdings in his concentrated portfolio descended.

The slide of the past two years has more than wiped out the 40 percent gain the investor returned for clients in 2014, before trouble began at one of his star stocks, fast-growing Valeant Pharmaceuticals (VRX), in 2015. Ackman’s downturn is unprecedented in Pershing Square’s history, which from its 2004 inception through the first half of 2014 reported an annualized return of 20.8%, compared to the S&P 500’s

1681 Views    Holly LaFon    2016-11-02 22:12
UK-based company is No. 1 in many of its markets in frozen foods

This weekend, Barron's magazine had a nice mention about Nomad Foods (NOMD). The European frozen food company is a holding of Bill Ackman (Trades, Portfolio) and Oscar Schafer.

The stock trades at $12.87, there are 178.43 million shares, and the stock trades at a market cap of $2.3 billion. The stock does not pay a dividend. Diluted earnings per share are 68 cents, and the stock trades at a price-earnings (P/E) ratio of 18.9. According to the Barron's article, Schafer thinks the stock can earn $1.25 in the next few years. I have no idea on what

561 Views    Holmes Osborne, CFA    2016-10-25 20:52
Guru stock highlight

Nomad (NOMD), the packaged frozen food company, announced second quarter results on August 25, 2016. Revenue for the quarter declined 3.8% on a like-for-like basis, excluding foreign currency changes. This marked the third straight quarter of sequential improvement in revenue trends. Margins and cash flow remained strong. The company reiterated its guidance for continued sequential revenue improvement throughout the year and €200 million of cash flow.

Nomad stock trades at —9 times management's cash flow guidance per share, less than half the price of other packaged food businesses. We believe the company is taking the right actions to stabilize and

411 Views    Holly LaFon    2016-08-29 16:09

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