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

Renaissance Investment Management, an investment management company, released its Q3 2025 “International Small Cap Equity Strategy” investor letter. A copy of the letter can be downloaded here. International equities posted their third consecutive quarter of positive returns, maintaining a successful trend and heading toward their best year since 2017. The portfolio posted positive returns in the quarter on a relative basis, outperforming the benchmark in the quarter. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, Renaissance International Small Cap Equity Strategy highlighted stocks such as Nomad Foods Limited (NYSE:NOMD). Nomad Foods Limited (NYSE:NOMD) is a food company that manufactures, markets, and distributes a range of frozen food products. The one-month return for Nomad Foods Limited (NYSE:NOMD) was -1.23%, and its shares lost 30.44% over the last 52 weeks. On December 10, 2025, Nomad Foods Limited (NYSE:NOMD) stock closed at $12.34 per share, with a market capitalization of $1.854 billion.

Renaissance International Small Cap Equity Strategy stated the following regarding Nomad Foods Limited (NYSE:NOMD) in its third quarter 2025 investor letter:

"The largest detractor from performance was Nomad Foods Limited (NYSE:NOMD) (United Kingdom). Nomad reported weaker than-expected revenue during the second quarter as record setting warm weather impacted sales of their frozen foods. The warm weather is also leading to rising input costs for the company, which it is not expected to recover until price adjustments are implemented in 2026."

Nomad Foods Limited (NYSE:NOMD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Nomad Foods Limited (NYSE:NOMD) at the end of the third quarter, which was 24 in the previous quarter. While we acknowledge the potential of Nomad Foods Limited (NYSE:NOMD) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Nomad Foods Limited (NYSE:NOMD) and shared a bullish thesis on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.