Nomad Foods

CFO Ruben Baldew purchased 28,290 Nomad Foods shares on Aug. 19 at $11.85, increasing his direct holdings to 367,172 shares and expanding his stake by about 8%. The filing shows Baldew also holds a 1.9 million-security derivative portfolio, including restricted and performance-based units. The transaction comes amid a recent stock rebound, ongoing turnaround efforts under new CEO Dominic Brisby, a $200 million cost-cutting plan and a 5.6% dividend yield, though the company still carries over $2 billion in net debt and faces declining sales. Insider ownership now stands at 0.26% following the purchase. » Więcej na finance.yahoo.com

Chief financial officer Ruben Baldew bought 28,290 common shares on the open market on August 19, 2026, at around $11.85, raising his direct holding to 367,172 shares. The required disclosure sparked a roughly 4.6% share-price gain and was interpreted as a signal that the stock is currently undervalued. The purchase follows a series of insider buys by CEO Dominic Brisby and co‑founder and director Ian Ashken; solid Q2 figures (adjusted EPS $0.39, revenue $724m) support the positive sentiment despite a downgrade from Zacks and a lowered full‑year profit forecast due to higher refinancing costs. » Więcej na de.investing.com

Nomad Foods beat consensus estimates in the second quarter with adjusted EPS of $0.39 (estimate $0.33) and revenue of $724m (estimate $710.9m). Organic revenue and volumes fell by 2.9% and 5.9% respectively, but were offset by a price mix of +3% and productivity measures, and an adjusted gross margin that was 110 basis points higher. The company left its organic revenue outlook unchanged but cut its EPS guidance due to higher interest expense following a refinancing. Nomad announced a quarterly dividend of $0.17; the stock rose about 5.6% after the announcement. » Więcej na de.investing.com