NOMD - Nomad Continues Recovering But Is Not Attractive Above $15.5
2024-04-16 05:38:17 ET
Summary
- Nomad Foods is a European frozen food leader conglomerate.
- I have recommended Nomad since October 2022 for a total return close to 30%.
- NOMD is recovering margins and amping up advertising expenditures to fuel further price increases and margin recoveries.
- Nomad Foods is aggressively returning capital to shareholders, and I would prefer to see more debt repayments.
- The company is still attractive, but the stock price is not. I prefer to wait for 1H24 developments and prices below $15.5.
Nomad Foods ( NOMD ) is a European frozen food leader conglomerate. The company owns several leading brands in Western and Eastern Europe, operating in 22 countries....
Nomad Continues Recovering, But Is Not Attractive Above $15.5