NOMD Nomad Foods Ltd
Price Chart
Executive Summary
Two directors of Nomad Foods purchased a total of 800,000 shares for ~$7.5M over three days, with the largest single-day buy ($4.8M) on May 11. This is a material cluster buy at ~0.54% of market cap, and per academic literature, cluster insider buys are strongly predictive of positive forward returns. The buys come amid 83% analyst bullishness and no apparent negative catalysts, suggesting directors see material undervaluation.
Key Financial Metrics
Actionable Insight
This is a textbook bullish insider cluster — two directors buying aggressively at similar prices with no apparent liquidity motive. The cross-filing context shows no recent negative filings (no earnings miss, no restructuring, no late filing), and the cluster is amplified by the insider-trades + earnings-context and insider-trades + press-context actuarial amplifiers. Traders should watch for a potential earnings beat or strategic announcement in the coming weeks. The stock's recent price (~$9.13-$9.57) may represent a floor given director conviction.
Key Facts
- Two directors (Gottesman and Ashken) purchased 800,000 shares total for ~$7.5M over three days
- Largest buy: Gottesman 500,000 shares at $9.57 on May 11 ($4.8M)
- Total cluster value of $7.5M represents ~0.54% of NOMD's $1.4B market cap
- All transactions were open-market purchases (code P) — no 10b5-1 plan or tax-driven sales
- Analyst consensus is 83% bullish (10 Buy, 2 Hold, 0 Sell)
- Prior 30-day insider activity already showed $7.5M in buys before this cluster
Financial Impact
Directors invested ~$7.5M of personal capital at ~$9.13-$9.57 per share, representing 0.54% of market cap
Risk Factors
- Directors are not C-suite — C-suite buys carry stronger signal per literature
- The stock has underperformed historically (segment avg alpha -1.49% at T+20)
- No explicit catalyst identified — buys could be value-based with uncertain timing
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NOMD-1778877666286 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
6-K
| $9.94 awaiting T+5 | awaiting T+5 | — | $9.93 (−0.10%) |
|
May 18, 2026
22d ago
|
Insider Cluster
| $10.30 $10.23 | ▼ −0.68% | ▼ −2.93% | $9.93 (−3.59%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $10.24 $10.21 | ▼ −0.29% | ▼ −1.91% | $9.93 (−3.03%) |
|
May 13, 2026
27d ago
|
6-K
| $9.09 $10.30 | ▲ +13.31% | ▲ +14.47% | $9.93 (+9.24%) |
|
May 8, 2026
4w ago
|
6-K
| $9.27 $9.79 | ▲ +5.60% | ▲ +4.14% | $9.93 (+7.11%) |
|
Apr 30, 2026
5w ago
|
6-K
| $9.55 $9.96 | ▲ +4.32% | ▲ +2.59% | $9.93 (+4.03%) |
US Market Status
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