Nomad Foods Limited (NOMD) Slid as Results Fell Short of Expectations

Core Insights - Renaissance Investment Management's Q3 2025 "International Small Cap Equity Strategy" investor letter indicates that international equities have achieved positive returns for three consecutive quarters, on track for their best year since 2017 [1] - The portfolio outperformed its benchmark during the quarter, showcasing strong relative performance [1] Company Analysis: Nomad Foods Limited (NYSE:NOMD) - Nomad Foods Limited is a food company specializing in frozen food products, with a market capitalization of $1.854 billion as of December 10, 2025 [2] - The stock experienced a one-month return of -1.23% and a significant decline of 30.44% over the past 52 weeks [2] - The company was identified as the largest detractor from performance in the portfolio due to weaker-than-expected revenue attributed to unusually warm weather affecting frozen food sales [3] - Rising input costs are anticipated, with recovery expected only after price adjustments in 2026 [3] Hedge Fund Interest - Nomad Foods Limited was held by 32 hedge fund portfolios at the end of Q3 2025, an increase from 24 in the previous quarter [4] - Despite its potential, the company is not considered among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks present greater upside potential and lower downside risk [4]