Nomad Foods (NOMD) Price Target Trimmed by Mizuho Following Latest Earnings Report

Nomad Foods Limited (NYSE:NOMD) is included among the 13 Best Defensive Dividend Stocks for 2025.

On March 3, Mizuho lowered its price recommendation on Nomad Foods Limited (NYSE:NOMD) to $13 from $15. It reiterated an Outperform rating on the shares. The firm described the company’s outlook as “disappointing” and said it reduced its estimates following the latest earnings report.

Nomad Foods reported its fourth-quarter results on February 26. Full-year performance came in line with the guidance the company issued in August 2025. Organic revenue declines eased in the fourth quarter compared with the third quarter. Retail sales rose 0.7% year over year, an improvement from the 0.4% growth recorded for the full year. The company also advanced its productivity initiatives. Cost-of-goods savings reached a multi-year high in 2025.

Cash generation remained strong throughout the year, which allowed Nomad to return €287 million to shareholders through dividends and share repurchases. That figure marked a 38% increase compared with 2024. Management indicated that fiscal 2026 will serve as a transition year. The company plans to implement several changes designed to strengthen the organization, improve core operating performance, and unlock long-term value. In the fourth quarter of 2025, reported revenue declined 2.6% to €773 million. Organic revenue fell 1.3%, including a 1.1% drop in volumes.

Reported diluted EPS shifted from a profit of €0.32 per share in the prior year to a loss of €0.07 per share. The decline reflected €0.39 per share in after-tax losses tied to debt refinancing during the quarter. Adjusted EPS increased 2.4% to €0.43.

Nomad Foods Limited (NYSE:NOMD) operates as a frozen food company. Its portfolio includes brands such as Birds Eye, Findus, iglo, Ledo, and Frikom. The company focuses on frozen food categories, including fish, vegetables, poultry, meals, pizza, and ice cream.

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