Nomad Foods (NOMD)

• Market cap: $2.98B
• 1 day: -1.72%
• 5 days: -4.94%
• 1 month: 6.12%
• 3 months: 9.35%
• 6 months: -0.36%
• Year to date: 16.57%
• 1 year: -2.56%
• 5 years: 10.09%
• 10 years: 57.89%
• Sector: Consumer Staples
• Industry: Food & Kindred Products

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 like pizza. It sells its products 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: 7,788

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

67% more call options, than puts

Call options by funds: $648K | Put options by funds: $388K

24% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 25

2% more funds holding

Funds holding: 187 [Q3] → 190 (+3) [Q4]

1.73% less ownership

Funds ownership: 74.29% [Q3] → 72.56% (-1.73%) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 68

14% less capital invested

Capital invested by funds: $2.31B [Q3] → $1.99B (-$321M) [Q4]

43% less funds holding in top 10

Funds holding in top 10: 7 [Q3] → 4 (-3) [Q4]

Research analyst outlook

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

• Low target: $23 18% upside
• Avg. target: $25 26% upside
• High target: $26 34% upside

2 analyst ratings

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

Mizuho John Baumgartner 57% 1-year accuracy 12 / 21 met price target	34% upside $26	Outperform Maintained	4 Mar 2025
Barclays Lauren Lieberman 44% 1-year accuracy 40 / 91 met price target	18% upside $23	Overweight Maintained	3 Mar 2025