10 Best Food Stocks To Buy Under $20

6. Nomad Foods Limited (NYSE:NOMD)

Stock Price: $18.30

Number of Hedge Fund Holders: 24

Nomad Foods Limited (NYSE:NOMD) is a frozen food company. Its portfolio includes pizza, poultry, meat, fish, vegetables, and ice cream. The company sells its items under the Birds Eye, Ledo, Frikom, iglo, and Findus brands. It sells, manufactures, and distributes its products in over 16 European countries.

Nomad Foods Limited (NYSE:NOMD) is seeing improved momentum in the market and is boosting it for organic sales growth in fiscal Q4 2024 and into fiscal 2025. It is also making progress in accelerating profitable volume growth. Fiscal Q3 2024 marked its ninth consecutive quarter of organic sales growth and second consecutive quarter of volume growth. Its Must-Win Battles and Growth Platforms are yielding healthy margins, driving growth.

The company’s portfolio is growth-advantaged and operates in a relatively healthy market. Year-to-date, volume for the Fast-Moving Consumer Goods market is growing across all major European markets. This market environment is especially favorable for the company’s frozen foods category, continually outpacing the overall food industry and developing a bullish outlook.