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U.S. Food Industry Analysis

UpdatedMar 29, 2024
DataAggregated Company Financials
Companies138
  • 7D0.8%
  • 3M1.7%
  • 1Y-8.9%
  • YTD-0.3%

Over the last 7 days, the Food industry has remained flat, although notably McCormick gained 11%. Unfortunately though, the industry is down 9.2% over the past 12 months. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

Has the U.S. Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Mar 2024US$487.1bUS$473.0bUS$24.9b15.6x19.6x1x
Sun, 25 Feb 2024US$474.3bUS$478.2bUS$24.9b14.9x19.1x1x
Tue, 23 Jan 2024US$479.1bUS$489.9bUS$25.4b15.6x18.8x1x
Thu, 21 Dec 2023US$493.4bUS$490.0bUS$25.5b16.6x19.4x1x
Sat, 18 Nov 2023US$479.5bUS$490.1bUS$25.6b15.7x18.7x1x
Mon, 16 Oct 2023US$453.6bUS$494.5bUS$26.4b16.7x17.2x0.9x
Wed, 13 Sep 2023US$508.8bUS$491.3bUS$26.4b18.8x19.3x1x
Fri, 11 Aug 2023US$534.0bUS$490.9bUS$26.3b16.6x20.3x1.1x
Sun, 09 Jul 2023US$536.0bUS$494.1bUS$26.3b17.1x20.4x1.1x
Tue, 06 Jun 2023US$557.4bUS$499.1bUS$27.6b18.3x20.2x1.1x
Thu, 04 May 2023US$578.3bUS$497.9bUS$29.4b18.7x19.7x1.2x
Sat, 01 Apr 2023US$559.8bUS$495.0bUS$28.0b18x20x1.1x
Mon, 27 Feb 2023US$549.8bUS$492.4bUS$27.9b18.5x19.7x1.1x
Wed, 25 Jan 2023US$544.4bUS$486.7bUS$28.1b17.7x19.4x1.1x
Fri, 23 Dec 2022US$561.6bUS$485.5bUS$27.7b17.7x20.3x1.2x
Sun, 20 Nov 2022US$557.5bUS$484.9bUS$27.7b19.8x20.1x1.1x
Tue, 18 Oct 2022US$518.1bUS$472.5bUS$29.0b18.7x17.9x1.1x
Thu, 15 Sep 2022US$530.0bUS$471.5bUS$28.8b18.8x18.4x1.1x
Sat, 13 Aug 2022US$560.2bUS$469.1bUS$29.1b18.6x19.3x1.2x
Mon, 11 Jul 2022US$533.9bUS$455.4bUS$28.4b17.1x18.8x1.2x
Wed, 08 Jun 2022US$545.5bUS$454.7bUS$28.1b19.2x19.4x1.2x
Fri, 06 May 2022US$568.7bUS$449.2bUS$26.4b24.2x21.6x1.3x
Sun, 03 Apr 2022US$570.5bUS$438.9bUS$25.8b26.2x22.1x1.3x
Tue, 01 Mar 2022US$555.4bUS$436.5bUS$26.1b21.9x21.3x1.3x
Thu, 27 Jan 2022US$538.8bUS$426.1bUS$27.4b21.5x19.7x1.3x
Sat, 25 Dec 2021US$529.0bUS$420.5bUS$27.5b20.5x19.2x1.3x
Mon, 22 Nov 2021US$512.3bUS$417.9bUS$27.6b22.1x18.6x1.2x
Wed, 20 Oct 2021US$519.0bUS$403.7bUS$25.9b23x20x1.3x
Fri, 17 Sep 2021US$514.7bUS$402.1bUS$26.2b21.1x19.6x1.3x
Sun, 15 Aug 2021US$531.1bUS$404.9bUS$26.0b19.8x20.4x1.3x
Thu, 10 Jun 2021US$555.4bUS$380.1bUS$23.2b22.1x24x1.5x
Price to Earnings Ratio

22.6x


Total Market Cap: US$511.9bTotal Earnings: US$22.7bTotal Revenue: US$378.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 19.9x202220232024
Current Industry PE
  • Investors are relatively neutral on the American Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.9x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 7.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market0.17%
Consumer Staples0.28%
Food0.78%
Agricultural Products1.13%
Packaged Foods and Meats0.72%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 21.9x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings growth of 8.5% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings growth rate of 8.5% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings decline by 7.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MKC McCormickUS$76.8110.5%
+US$1.8b
-5.2%PE28.9x
KHC Kraft HeinzUS$36.903.7%
+US$1.7b
-5.0%PE15.7x
GIS General MillsUS$69.971.8%
+US$683.1m
-17.6%PE15.5x
LW Lamb Weston HoldingsUS$106.533.7%
+US$547.2m
3.6%PE13.7x
K KellanovaUS$57.292.1%
+US$403.3m
-14.1%PE25.3x
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Hormel Foods

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1.8%

1Y

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GIS

US$69.97

General Mills

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1.8%

1Y

-17.6%

HSY

US$194.50

Hershey

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-2.4%

1Y

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CPB

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1Y

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TR

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US$7.86

Hain Celestial Group

7D

-5.2%

1Y

-52.7%

SEB

US$3,223.92

Seaboard

7D

-1.5%

1Y

-16.0%

BG

US$102.52

Bunge Global

7D

2.4%

1Y

7.5%

K

US$57.29

Kellanova

7D

2.1%

1Y

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