Doma Perpetual Buys Another $5.6 Million of Nomad Foods With the Stock Down 20% in 2026

What other to cognize

This was a buy; Nomad Foods represented 8.62% of the fund's 13F assets nether absorption aft the trade.

• Top holdings aft the filing:

  • Pacira BioSciences: $62.78 cardinal (16.9% of AUM)

  • DaVita: $48.57 cardinal (13.0% of AUM)

  • Merchants Bancorp: $47.87 cardinal (12.9% of AUM)

  • Inmode: $41.96 cardinal (11.3% of AUM)

  • Afya: $33.98 cardinal (9.1% of AUM)

As of May 20, 2026, shares were trading astatine $10.42, down 44% implicit the past twelvemonth and underperforming the S&P 500 by 69 percent points.

Company Overview

Company Snapshot

• Nomad Foods Limited produces and sells frozen nutrient products, including fish, vegetables, poultry, ready-made meals, crystal cream, and bakery goods nether brands specified arsenic Birds Eye, Iglo, and Findus.

• The institution generates gross chiefly done nonstop income to supermarkets and nutrient retail chains crossed Europe, leveraging a portfolio of well-known user brands.

• Main customers are supermarket chains and nutrient retailers successful the United Kingdom, Italy, Germany, France, and different European markets.

Nomad Foods Limited is simply a starring European frozen foods institution with a divers merchandise portfolio and beardown marque designation crossed aggregate markets.

What this transaction means for investors

Doma Perpetual likes to tally a concentrated portfolio of deep-value benignant stocks, and Nomad Foods surely fits this strategy. The firm’s acquisition successful Q1 was its 3rd consecutive successful 3 quarters, and Nomad has rapidly go a cardinal position, accounting for 8.6% of its portfolio.

From a banal perspective, I enactment Doma Perpetual’s determination to “buy the dip,” and I person been doing the same. Nomad Foods is successful the mediate of a concern transformation, with a caller CEO and CFO astatine the helm and respective cost-saving and proviso concatenation streamlining measures underway. Management plans to chopped its selling section by astir fractional and to alteration its proviso concatenation to amended align sell-in with sell-out, alternatively than “stuffing” income astatine discounted prices to boost quarterly sales.