Aug. 24 at 8:50 PM
Nomad Foods shares gained as CFO Ruben Baldew disclosed the purchase of 28,290 common shares at approximately
$11.85 each on Aug. 19, raising his direct holdings to 367,172 shares. The Form 4 filing, submitted Aug. 21, was viewed by investors as a strong signal that management believes the stock is undervalued.
The purchase adds to a broader pattern of insider buying. CEO Dominic Brisby, the company’s co-founders and director Ian Ashken have also made significant open-market purchases in recent months, reinforcing the bullish case. NOMD remains well below its 52-week high of
$15.91, although Zacks Research downgraded the stock to Strong Sell.
Nomad’s defensive consumer-staples profile and high dividend yield have also attracted investors. Q2 2026 results provided additional support, with adjusted EPS of
$0.39 and revenue of
$724 million, both above expectations, although full-year EPS guidance was reduced due to higher refinancing costs.
$NOMD