Mizuho Cuts Nomad Foods Target to $13, Q4 Revenue Drops 2.6%
Mizuho trimmed Nomad Foods’ price target to $13 from $15 and kept an Outperform rating after calling the outlook “disappointing.” Q4 revenue fell 2.6% to €773 million with organic sales down 1.3%, but adjusted EPS rose 2.4% to €0.43 and the company returned €287 million to shareholders, up 38%.
1. Price Target Revision
Mizuho cut Nomad Foods’ price target from $15 to $13 while retaining an Outperform rating, revising down estimates after characterizing the company’s outlook as disappointing following its latest earnings report.
2. Fourth-Quarter Financials
In Q4 2025, reported revenue declined 2.6% to €773 million with organic sales down 1.3%, including a 1.1% volume drop. Reported EPS swung from a €0.32 profit to a €0.07 loss due to €0.39 per-share refinancing charges, while adjusted EPS increased 2.4% to €0.43.
3. Shareholder Returns and Outlook
Strong cash generation in 2025 enabled Nomad Foods to return €287 million to shareholders through dividends and share repurchases, up 38% year-over-year. Management views fiscal 2026 as a transition year, planning organizational changes to strengthen operations and unlock long-term value.