Nomad Foods Ltd. shares advanced 4.6% to $12.35 in midday trading on Monday, extending gains after the frozen food company reported second-quarter results that topped analyst expectations.
The rally followed a Form 4 filing disclosed on Friday showing Chief Financial Officer Ruben Baldew purchased 28,290 ordinary shares on the open market at approximately $11.85 each. The transaction increased his direct holdings to 367,172 shares. The filing was submitted on August 21, following the August 19 purchase date. Nomad’s CEO Dominic Brisby and director Ian Ashken, along with company co-founders, have also made open-market purchases in recent months, according to the filing.
Nomad Foods reported adjusted earnings per share of $0.39 for Q2 2026, exceeding the consensus estimate, while revenue reached $724 million, topping forecasts. The company trimmed its full-year adjusted EPS guidance, citing higher refinancing costs as a contributing factor.
The stock remains 23% below its 52-week high of $15.91, set on August 19, 2025. On the broader market, the S&P 500 was down 0.16% at 7,661.70, the Nasdaq was in negative territory, and the Dow Jones Industrial Average rose 0.24% to 53,404.12.
The article was published on August 24, 2026, at 17:40 UTC.
