Why is Nomad Foods Limited (NOMD) One of the Best Consumer Defensive Stocks With More Than 50% Upside

Nomad Foods Limited (NYSE:NOMD) is one of the best consumer defensive stocks with more than 50% upside. Nomad Foods Limited (NYSE:NOMD) announced on October 30 that its Board of Directors declared a cash dividend of $0.17 per share, reflecting a 13% increase compared to the prior year’s quarterly dividend. The dividend will be payable on November 26, 2025, to shareholders of record as of the close of business on November 10, 2025.

Previously, on October 10, Scott Marks CFA from Jefferies reiterated a Buy rating on Nomad Foods (NYSE:NOMD) and cut his price target to $17 from $21. Additionally, Andrew Lazar from Barclays maintained his Buy rating but cut his price target to $15 from $18 on the same day.

Nomad Foods Limited (NYSE:NOMD) is expected to report earnings for FQ3 2025 on November 6, and analysts polled by Seeking Alpha are expecting $0.55 in earnings per share on revenue of $884.96 million. Six analysts have cut their EPS estimates over the past 90 days.

Despite the downward revisions, analysts’ consensus price target of $17.4 point to a 54% upside from current levels.

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.

While we acknowledge the potential of NOMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.