Why These 15 Defensive Stocks Are Surging In 2025

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9. Nomad Foods Ltd (NYSE:NOMD)

Number of Hedge Fund Holders In Q4 2024: 27

Nomad Foods Ltd (NYSE:NOMD) is a European food company that sells frozen products.

The stock is up significantly so far in 2025 as Nomad Foods raised its full-year Adjusted EPS guidance to €1.85-€1.89 from the prior range of €1.81-€1.85 and exceeded consensus estimates.

The company reported strong financial results for 2024 of a 4.3% increase in Q4 revenue to €793 million and a gross profit increase of 9%. It also raised its FY 2025 Adjusted EPS guidance and announced a 13% increase in its first-quarter dividend.

Earlier this year, Nomad Foods provided detailed guidance for 2025. It sees organic revenue growth of 1%-3%, adjusted EBITDA growth of 2%-4%, and adjusted free cash flow conversion of over 90%.

The consensus price target of $24 implies 22.11% upside.

NOMD stock is up 18.29% year-to-date.

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