5 Best Vegan Stocks To Buy

This article will discuss the 5 best vegan stocks to buy. If you want to read about the growth of the vegan market and the major catalysts driving that growth, you can go to 10 Best Vegan Stocks To Buy.

05. Nomad Foods Limited (NYSE:NOMD)

Number of Hedge Fund Holders as of Q2, 2022: 23

Nomad Foods Limited (NYSE:NOMD) is a packaged foods company, which manufactures and distributes branded frozen foods in Western Europe. It manufactures and markets frozen food products, including fish, vegetables, poultry, and ready meals.

On September 2, Mizuho analyst John Baumgartner lowered his price target on Nomad Foods Limited (NYSE:NOMD) to $24 from $25 and kept a Buy rating on the shares. In a research note, Baumgartner informs investors that Nomad Foods Limited (NYSE:NOMD) shares are at a 52-week low due to growing geopolitical risks in Europe and company-specific supply chain issues. The analyst thinks it is possible to beat Street predictions through fiscal 2023, and his examination of historical data on the consumption of frozen foods indicates that volume and elasticity may outperform through 2023.

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