Nomad Foods (NOMD)

• Market cap: $2.8B
• 1 day: -1.41%
• 5 days: -2.08%
• 1 month: 5.45%
• 3 months: -1.58%
• 6 months: -5.33%
• Year to date: 4.56%
• 1 year: -1.53%
• 5 years: -13.76%
• 10 years: 41.63%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

21% more call options, than puts

Call options by funds: $512K | Put options by funds: $424K

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

11% more capital invested

Capital invested by funds: $2.08B [Q2] → $2.31B (+$226M) [Q3]

3.13% less ownership

Funds ownership: 77.42% [Q2] → 74.29% (-3.13%) [Q3]

6% less funds holding

Funds holding: 198 [Q2] → 187 (-11) [Q3]

23% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 80

31% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 32

Research analyst outlook

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

• Low target: $19 9% upside
• Avg. target: $22 23% upside
• High target: $24 38% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Lauren Lieberman 43% 1-year accuracy 39 / 90 met price target	9% upside $19	Overweight Maintained	17 Jan 2025
Mizuho John Baumgartner 67% 1-year accuracy 12 / 18 met price target	38% upside $24	Outperform Maintained	18 Dec 2024