Top 5 Stock Picks of Touk Sinantha’s AltraVue Capital

4. Nomad Foods Limited (NYSE:NOMD)

AltraVue Capital: $36,829,000   

Percentage of AltraVue Capital’s Portfolio: 5.41%

Number of Hedge Fund Holders: 23

Nomad Foods Limited (NYSE:NOMD) is involved in the distribution and manufacturing of frozen foods products in Europe. AltraVue Capital increased its stake value in Nomad Foods Limited (NYSE:NOMD) by 1% during Q2 2022. The number of shares held of the company by the fund amounted to 1,842,363 at the end of the second quarter of 2022.

Nomad Foods Limited (NYSE:NOMD) reported Q2 2022 revenue of $718.19 million, up a slight 1.85% YoY, beating the market estimate by $22.33 million. The normalized EPS of $0.41 missed the consensus estimate by $0.02. The management remains confident on delivering its long-term EPS target of €2.30 in 2025.

At the end of Q2 2022, 23 hedge funds in Insider Monkey’s database were long on Nomad Foods Limited (NYSE:NOMD), and Polaris Capital Management was the leading stakeholder in the company at the end of the quarter, with a total holding worth $146 million in the company.