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U.S. Food Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies147
  • 7D-1.9%
  • 3M-6.1%
  • 1Y-13.7%
  • YTD-12.1%

Over the last 7 days, the Food industry has dropped 1.9%, driven by a pullback from Lamb Weston Holdings of 29%. However, the industry is down 14% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025US$390.5bUS$555.9bUS$14.5b20.3x27x0.7x
Sat, 22 Nov 2025US$419.4bUS$569.8bUS$17.0b19.4x24.7x0.7x
Mon, 20 Oct 2025US$439.0bUS$551.9bUS$16.3b17.9x27x0.8x
Wed, 17 Sep 2025US$436.7bUS$557.0bUS$15.9b18.7x27.4x0.8x
Fri, 15 Aug 2025US$454.6bUS$551.6bUS$16.0b20.8x28.3x0.8x
Sun, 13 Jul 2025US$454.0bUS$547.8bUS$24.0b19.5x18.9x0.8x
Tue, 10 Jun 2025US$430.1bUS$468.3bUS$22.4b20.6x19.2x0.9x
Thu, 08 May 2025US$435.5bUS$468.1bUS$22.7b18.7x19.2x0.9x
Sat, 05 Apr 2025US$454.4bUS$471.4bUS$24.5b16.9x18.5x1x
Mon, 03 Mar 2025US$448.7bUS$471.1bUS$24.4b18.5x18.4x1x
Wed, 29 Jan 2025US$447.4bUS$478.3bUS$22.2b19.9x20.1x0.9x
Fri, 27 Dec 2024US$446.2bUS$464.4bUS$21.6b20x20.7x1x
Sun, 24 Nov 2024US$467.3bUS$459.1bUS$21.4b19.6x21.8x1x
Tue, 22 Oct 2024US$488.5bUS$462.1bUS$22.6b18x21.6x1.1x
Thu, 19 Sep 2024US$500.2bUS$461.5bUS$22.2b20.3x22.5x1.1x
Sat, 17 Aug 2024US$483.1bUS$461.0bUS$22.2b20.1x21.8x1x
Mon, 15 Jul 2024US$460.0bUS$473.5bUS$24.5b17.2x18.8x1x
Wed, 12 Jun 2024US$465.0bUS$473.6bUS$25.1b15.5x18.5x1x
Fri, 10 May 2024US$485.4bUS$474.0bUS$24.3b15.8x20x1x
Sun, 07 Apr 2024US$480.3bUS$472.8bUS$24.8b15.8x19.4x1x
Tue, 05 Mar 2024US$468.7bUS$477.0bUS$24.9b15x18.8x1x
Thu, 01 Feb 2024US$494.2bUS$490.6bUS$25.8b16x19.1x1x
Sat, 30 Dec 2023US$494.7bUS$490.0bUS$25.5b16.6x19.4x1x
Mon, 27 Nov 2023US$484.7bUS$490.5bUS$25.6b16.1x18.9x1x
Wed, 25 Oct 2023US$452.6bUS$494.5bUS$26.4b16.4x17.2x0.9x
Fri, 22 Sep 2023US$505.1bUS$491.3bUS$26.2b18.5x19.3x1x
Sun, 20 Aug 2023US$522.2bUS$491.1bUS$26.4b16.3x19.8x1.1x
Tue, 18 Jul 2023US$537.7bUS$494.2bUS$26.2b17x20.5x1.1x
Thu, 15 Jun 2023US$551.3bUS$499.3bUS$26.7b16.9x20.6x1.1x
Sat, 13 May 2023US$578.4bUS$499.1bUS$27.7b18.9x20.9x1.2x
Mon, 10 Apr 2023US$564.6bUS$495.5bUS$28.2b18.2x20x1.1x
Wed, 08 Mar 2023US$537.1bUS$493.1bUS$28.1b17.8x19.1x1.1x
Fri, 03 Feb 2023US$548.9bUS$491.0bUS$27.9b18.3x19.7x1.1x
Sun, 01 Jan 2023US$561.8bUS$485.6bUS$27.6b18x20.3x1.2x
Price to Earnings Ratio

20.3x


Total Market Cap: US$561.8bTotal Earnings: US$27.6bTotal Revenue: US$485.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 20.5x202320242025
Current Industry PE
  • Investors are optimistic on the American Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.0x which is higher than its 3-year average PE of 20.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market2.62%
Consumer Staples-1.96%
Food-1.88%
Packaged Foods and Meats-1.83%
Agricultural Products-2.13%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 17.4%, which is higher than its past year's earnings growth of 2.7% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 2.9% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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
MDLZ Mondelez InternationalUS$54.621.5%
+US$1.0b		-9.0%PE20x
JBS JBSUS$14.553.0%
+US$476.9m		n/aPE7.8x
HRL Hormel FoodsUS$24.351.5%
+US$198.0m		-23.0%PE28x
DAR Darling IngredientsUS$35.452.5%
+US$134.5m		5.2%PE52x
PPC Pilgrim's PrideUS$39.890.7%
+US$66.5m		-13.8%PE7.7x

Latest News

PPC
US$39.89
Pilgrim's Pride
7D
0.7%
1Y
-13.8%

PPC: Future Returns Will Reflect Stable Margins And Modest Multiple Compression

Analysts have modestly reduced their price target on Pilgrim's Pride from 44.29 dollars to 43.57 dollars, citing slightly lower fair value and profit margin assumptions, despite a marginally stronger revenue growth outlook. Valuation Changes Fair Value: fallen slightly from 44.29 dollars to 43.57 dollars per share, reflecting a modestly more conservative outlook.
CAG
US$17.08
Conagra Brands
7D
-4.7%
1Y
-38.2%

CAG: Future Returns Will Balance Margin Improvements With Modest Revenue Headwinds

Analysts have trimmed their price target on Conagra Brands by approximately $1 per share. They cited a slightly higher discount rate and lower expected revenue contraction, partially offset by improved profit margin forecasts and a lower anticipated future P/E multiple.
ADM
US$57.78
Archer-Daniels-Midland
7D
-1.3%
1Y
14.1%

ADM: Weaker Carbohydrate Demand And Policy Uncertainty Will Shape Returns Ahead

Analysts have trimmed their price target on Archer-Daniels-Midland slightly, reflecting a modest fair value reduction to about $57 from roughly $57.60, as they factor in softer revenue growth expectations and persistent profit headwinds despite marginally stronger margins. Analyst Commentary Recent Street commentary has tilted more cautious on Archer-Daniels-Midland, with a notable downgrade to Underweight and a lower price target in the high $50s, as analysts reassess the durability of earnings against a softer demand backdrop.
LW
US$42.48
Lamb Weston Holdings
7D
-28.6%
1Y
-33.3%

Take Care Before Jumping Onto Lamb Weston Holdings, Inc. (NYSE:LW) Even Though It's 26% Cheaper

Dec 23
Take Care Before Jumping Onto Lamb Weston Holdings, Inc. (NYSE:LW) Even Though It's 26% Cheaper
AGRO
US$7.94
Adecoagro
7D
2.2%
1Y
-16.8%
MKC
US$68.88
McCormick
7D
0.3%
1Y
-11.7%
GIS
US$47.00
General Mills
7D
-3.3%
1Y
-26.3%
HRL
US$24.35
Hormel Foods
7D
1.5%
1Y
-23.0%
BG
US$88.69
Bunge Global
7D
-4.5%
1Y
12.1%

Bunge Global (NYSE:BG) Has Announced A Dividend Of $0.70

Dec 17
Bunge Global (NYSE:BG) Has Announced A Dividend Of $0.70
DAR
US$35.45
Darling Ingredients
7D
2.5%
1Y
5.2%

DAR: Biofuel Policy Clarity Will Drive Bullish Rebound Despite Lowered Outlook

Analysts have trimmed their 12 month price target on Darling Ingredients to $42 from $46. This reflects expectations for softer Q3 EBITDA versus consensus and a likely downward revision to the full year outlook amid ongoing uncertainty around renewable volume obligation and small refinery exemption allocations.
CALM
US$82.84
Cal-Maine Foods
7D
-5.5%
1Y
-19.4%
KHC
US$24.02
Kraft Heinz
7D
-2.9%
1Y
-21.6%
HSY
US$184.80
Hershey
7D
-2.2%
1Y
8.4%

HSY: Future Tariff Relief Will Not Fully Offset Margin And Demand Risks

Analysts have raised their fair value estimate for Hershey to approximately $151 from about $126, citing higher long term margin expectations, modestly richer forward valuation multiples, and tariff relief that should offset slower projected revenue growth and a slightly higher discount rate. Analyst Commentary Recent Street research reflects a more balanced, but still cautious, stance on Hershey, with several Bearish analysts trimming price targets or maintaining neutral ratings despite operational resilience.
MDLZ
US$54.62
Mondelez International
7D
1.5%
1Y
-9.0%

MDLZ: AI Cost Cuts Will Support Future Margin Expansion Despite Demand Headwinds

Analysts have modestly reduced their price targets on Mondelez International, trimming the equity fair value estimate by about $0.17 per share to reflect slightly lower long term growth and earnings expectations amid softer consumer demand and a recalibration of valuation multiples. Analyst Commentary Street research reflects a generally cautious but still constructive stance on Mondelez, with most firms trimming price targets while maintaining ratings that range from Neutral to positive.
JBS
US$14.55
JBS
7D
3.0%
1Y
n/a
SEB
US$4,385.00
Seaboard
7D
1.2%
1Y
76.5%