Allspring Global Investments Trims Nomad Foods Stake to 6.8%

TL;DR

**Allspring Global Investments cut its Nomad Foods stake to 6.8%, signaling a potential shift in sentiment.**

AI Summary

Allspring Global Investments Holdings, LLC, a major investment firm, filed an amended SC 13G/A on January 12, 2024, disclosing its ownership in Nomad Foods Ltd. As of December 31, 2023, Allspring reported beneficial ownership of 11,858,016 shares, representing 6.8% of Nomad Foods Ltd.'s USD ORD SHS. This is a decrease from their previous filing, indicating Allspring has reduced its stake, which could signal a shift in their investment strategy or outlook on Nomad Foods' future performance.

Why It Matters

A significant institutional investor like Allspring reducing its stake could suggest a less bullish outlook on Nomad Foods, potentially influencing other investors' perceptions and the stock price.

Risk Assessment

Risk Level: medium — The reduction in a major institutional holding could indicate a perceived increase in risk or a less favorable outlook for Nomad Foods Ltd.

Analyst Insight

Investors should monitor Nomad Foods Ltd.'s upcoming earnings reports and news for any explanations behind Allspring's reduced stake, and consider if this signals a broader institutional trend or specific concerns about the company's fundamentals.

Key Numbers

• 11,858,016 — Shares Beneficially Owned (This is the total number of Nomad Foods Ltd. shares Allspring Global Investments Holdings, LLC reported owning as of December 31, 2023.)
• 6.8% — Percentage of Class (This represents the percentage of Nomad Foods Ltd.'s USD ORD SHS beneficially owned by Allspring Global Investments Holdings, LLC, indicating a significant but reduced stake.)

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — the reporting person who filed the SC 13G/A
• Nomad Foods Ltd (company) — the issuer of the securities
• 11,858,016 shares (dollar_amount) — the number of shares beneficially owned by Allspring Global Investments Holdings, LLC
• 6.8% (dollar_amount) — the percentage of Nomad Foods Ltd.'s class of securities beneficially owned by Allspring Global Investments Holdings, LLC
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Nomad Foods Ltd.'s stock price may experience short-term downward pressure due to the reduced institutional ownership. (Nomad Foods Ltd.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• Nomad_20231231.htm (SC 13G/A) — 27KB
• 0001890906-24-000099.txt ( ) — 29KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 7,107,800 (ii) AGI: 7,102,980 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 4.26% (ii) AGI: 4.26% (ii) AFM: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 6,101,116 (2) AGI: 1,489,569 (3) AFM: 0 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 7,107,800 (2) AGI: 7,102,980 (3) AFM: 0 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[X ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 11, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 11, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

View Full Filing

View this SC 13G/A filing on SEC EDGAR