12 Best Pizza Stocks to Buy According to Hedge Funds

8. Nomad Foods Limited (NYSE:NOMD)

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 more than 16 European countries.

The company is 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.

Nomad Foods Limited (NYSE:NOMD) is thus seeing improved momentum in the market and is boosting it for organic sales growth in fiscal Q4 2024 and into fiscal 2025. The company’s portfolio is growth-advantaged, and it is operating in a relatively healthy market. Volume for the Fast-Moving Consumer Goods market is growing across all major European markets year-to-date. This market environment is especially favorable for the company’s frozen foods category, which is continually outpacing the overall food industry and developing a bullish outlook for the company. Nomad Foods Limited (NYSE:NOMD) ranks eighth on our list.