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U.S. Packaged Foods and Meats Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies103
  • 7D0.8%
  • 3M4.2%
  • 1Y-8.6%
  • YTDn/a

Last week, the Packaged Foods and Meats industry hasn't moved much but Mondelez International is up 3.4% in that time. As for the longer term, the industry has declined 8.6% in the last year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.S. Packaged Foods and Meats Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026US$327.0bUS$396.3bUS$7.3b18.1x44.8x0.8x
Wed, 15 Jul 2026US$314.6bUS$392.2bUS$6.5b16.2x48.7x0.8x
Fri, 12 Jun 2026US$316.8bUS$391.9bUS$8.8b17.1x35.8x0.8x
Sun, 10 May 2026US$320.7bUS$389.5bUS$8.1b14.6x39.8x0.8x
Tue, 07 Apr 2026US$326.6bUS$388.5bUS$7.6b19.8x42.9x0.8x
Thu, 05 Mar 2026US$349.5bUS$387.1bUS$7.5b23.4x46.4x0.9x
Sat, 31 Jan 2026US$336.5bUS$388.1bUS$10.7b21.2x31.4x0.9x
Mon, 29 Dec 2025US$330.2bUS$394.0bUS$11.4b20.3x29x0.8x
Wed, 26 Nov 2025US$360.9bUS$407.0bUS$14.2b20.7x25.5x0.9x
Fri, 24 Oct 2025US$373.3bUS$399.8bUS$13.1b19.9x28.4x0.9x
Sun, 21 Sep 2025US$378.1bUS$403.4bUS$13.5b20.9x28x0.9x
Tue, 19 Aug 2025US$384.4bUS$401.8bUS$13.2b21x29.1x1x
Thu, 17 Jul 2025US$384.9bUS$393.1bUS$20.9b20.2x18.4x1x
Sat, 14 Jun 2025US$398.1bUS$393.6bUS$20.4b21.4x19.5x1x
Mon, 12 May 2025US$382.6bUS$313.6bUS$19.5b20.7x19.6x1.2x
Wed, 09 Apr 2025US$385.5bUS$313.4bUS$20.8b19.5x18.6x1.2x
Fri, 07 Mar 2025US$400.6bUS$313.6bUS$20.7b20.7x19.3x1.3x
Sun, 02 Feb 2025US$386.6bUS$317.2bUS$18.5b20.7x20.9x1.2x
Tue, 31 Dec 2024US$394.3bUS$303.2bUS$17.9b21.3x22x1.3x
Thu, 28 Nov 2024US$413.7bUS$298.3bUS$17.5b22.6x23.6x1.4x
Sat, 26 Oct 2024US$421.4bUS$297.6bUS$17.7b19.3x23.8x1.4x
Mon, 23 Sep 2024US$436.7bUS$297.0bUS$17.3b22.3x25.3x1.5x
Wed, 21 Aug 2024US$428.2bUS$296.5bUS$17.5b21.7x24.5x1.4x
Fri, 19 Jul 2024US$410.2bUS$303.0bUS$18.5b19.4x22.1x1.4x
Sun, 16 Jun 2024US$395.6bUS$303.8bUS$19.2b17.8x20.6x1.3x
Tue, 14 May 2024US$429.8bUS$304.0bUS$18.3b18.9x23.5x1.4x
Thu, 11 Apr 2024US$416.6bUS$297.3bUS$17.8b21.1x23.4x1.4x
Sat, 09 Mar 2024US$413.3bUS$299.3bUS$17.7b20.6x23.3x1.4x
Mon, 05 Feb 2024US$434.6bUS$311.2bUS$19.2b20.5x22.7x1.4x
Wed, 03 Jan 2024US$433.5bUS$310.1bUS$18.9b19.7x22.9x1.4x
Fri, 01 Dec 2023US$403.9bUS$310.6bUS$18.8b19.5x21.4x1.3x
Sun, 29 Oct 2023US$388.5bUS$309.4bUS$19.5b19.6x19.9x1.3x
Tue, 26 Sep 2023US$420.5bUS$306.0bUS$19.4b21.9x21.7x1.4x
Thu, 24 Aug 2023US$434.7bUS$306.3bUS$19.5b19.8x22.3x1.4x
Price to Earnings Ratio

22.3x


Total Market Cap: US$434.7bTotal Earnings: US$19.5bTotal Revenue: US$306.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Packaged Foods and Meats Industry Price to Earnings3Y Average 27x202420252026
Current Industry PE
  • Investors are optimistic on the American Packaged Foods and Meats industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 44.8x which is higher than its 3-year average PE of 27.0x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.83x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have declined 28% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.0% 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 Comparison

How does U.S. Packaged Foods and Meats compare with similar industries?

US Market0.63%
Consumer Staples1.39%
Food1.72%
Packaged Foods and Meats0.83%
Agricultural Products5.05%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
MDLZ Mondelez InternationalUS$63.613.4%
+US$2.7b		2.9%PE23.1x
GIS General MillsUS$39.205.2%
+US$1.1b		-20.6%PS1.1x
KHC Kraft HeinzUS$25.512.3%
+US$687.8m		-6.5%PS1.2x
MKC McCormickUS$54.672.9%
+US$414.0m		-20.1%PE9.1x
CAG Conagra BrandsUS$15.625.8%
+US$406.8m		-17.7%PS0.7x

Latest News

CALM
US$81.09
Cal-Maine Foods
7D
-1.1%
1Y
-25.5%
Seeking Alpha • Aug 16

Cal-Maine Foods: Depressed Egg Prices, Yet A Fundamentally Stronger Business

Summary Cal-Maine Foods remains a Buy as valuation discounts its transformation toward value-added products despite weak egg prices. CALM is investing heavily in prepared foods and specialty eggs, targeting over 60% prepared foods capacity growth by H1 FY28 to reduce commodity exposure. Despite a sharp YoY revenue decline and suspended dividend, CALM's debt-free balance sheet and ongoing buybacks provide capital flexibility. Intrinsic value is estimated well above the current levels, reflecting significant re-rating potential as investments advance and fundamentals change. Read the full article on Seeking Alpha
LWAY
US$25.82
Lifeway Foods
7D
-13.8%
1Y
-15.4%
TSN
US$58.17
Tyson Foods
7D
1.8%
1Y
3.7%
BYND
US$13.47
Beyond Meat
7D
-13.7%
1Y
-82.3%
Narrative Update • Aug 14

BYND: Reverse Split And Product Expansion Will Shape A Bullish Reset

Analysts lifted their fair value estimate for Beyond Meat to $15.0 from $0.5, citing a less severe projected revenue decline, a slightly lower future P/E assumption, and a higher discount rate. Together, these factors indicate a recalibrated view of the stock's risk and earnings potential.
AGRO
US$8.91
Adecoagro
7D
-7.8%
1Y
-3.2%
HRL
US$24.54
Hormel Foods
7D
-0.6%
1Y
-13.2%
MDLZ
US$63.61
Mondelez International
7D
3.4%
1Y
2.9%
Seeking Alpha • Aug 13

Mondelez: This Dividend Stock Still Has Room To Run

Summary Mondelez remains a compelling core holding-type stock, combining strong brands, global scale, and robust emerging market momentum. MDLZ delivered net revenue growth and positive volume/mix, with emerging markets driving 8%+ organic growth. With a BBB credit rating, a 3.2% well-covered dividend yield, and 12 years of dividend growth, MDLZ offers defensive income. Despite a forward P/E of 20.4, I maintain a 'Buy' rating, expecting low- to mid-teens annual total returns. Read the full article on Seeking Alpha
KHC
US$25.51
Kraft Heinz
7D
2.3%
1Y
-6.5%
Narrative Update • Aug 13

KHC: Post 2026 Brand Investment And Inflation Risks Will Shape Turnaround Balance

Analysts have nudged their fair value estimate for Kraft Heinz higher, with the updated price target moving from roughly $24.21 to about $25.03. This change is supported by expectations for modestly better revenue growth and profit margins, even as they apply a slightly higher discount rate and slightly lower future P/E assumption in their models following recent sector and company specific research.
CAG
US$15.62
Conagra Brands
7D
5.8%
1Y
-17.7%
SFD
US$22.76
Smithfield Foods
7D
-6.9%
1Y
-10.8%
Narrative Update • Aug 12

SFD: Antitrust Case Will Be Outweighed By Branded Pork Expansion

Analysts now see Smithfield Foods as slightly less attractively priced, trimming their fair value estimate from about $31.36 to around $30.25 as they factor in a modestly higher discount rate, a slightly lower profit margin outlook, and a somewhat higher future P/E assumption. What’s in the News for Smithfield Foods Smithfield Foods issued updated guidance for fiscal 2026.
SJM
US$121.39
J. M. Smucker
7D
2.8%
1Y
8.9%
TWG
US$1.15
Top Wealth Group Holding
7D
-21.8%
1Y
-84.0%
GIS
US$39.20
General Mills
7D
5.2%
1Y
-20.6%
Seeking Alpha • Aug 10

General Mills Is Struggling, But If You Believe In The Turnaround It Is The Right Time To Buy

Summary General Mills, Inc. fundamentals are relatively weak, with high demand elasticity, compressing margins, and poor growth metrics. The goodwill impairment is also a strong sign that the firm's brands are losing their appeal. This needs to be changed to reignite growth. The firm, however, pays attractive, sustainable quarterly dividends, and this is the heart of the investment thesis. Today, I rate GIS as buy. Read the full article on Seeking Alpha
PPC
US$27.90
Pilgrim's Pride
7D
5.2%
1Y
-41.7%
OFRM
US$17.47
Once Upon A Farm PBC
7D
-3.0%
1Y
n/a
Narrative Update • Aug 08

OFRM: Index Additions And 2026 Outlook Will Support Future Re Rating Potential

Analysts have raised the Once Upon A Farm PBC fair value estimate from $17.00 to $19.00, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Once Upon A Farm PBC Once Upon A Farm PBC raised earnings guidance for the full year 2026 and projected net sales in a range of $327 million to $335 million, with management indicating this would represent 36% to 39% growth versus 2025.
MKC
US$54.67
McCormick
7D
2.9%
1Y
-20.1%
Seeking Alpha • Aug 05

McCormick: A Spicy Total Returns Opportunity

Summary McCormick & Company is rated "Buy," trading at a 19% discount to fair value, with visible earnings durability and a 40-year dividend growth streak. Q2 2026 results beat expectations, driven by the McCormick de México acquisition, organic growth, and margin expansion from pricing and supply chain savings. The pending $44.8 billion Unilever Foods acquisition could add top brands, boost distribution, and drive mid- to high-teens EPS accretion by year 3 post-close. MKC offers a 3.7% yield, robust dividend safety, and potential for 13%+ annual total returns through FY 2031, despite macro and integration risks. Read the full article on Seeking Alpha