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U.S. Food Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies143
  • 7D-3.9%
  • 3M2.1%
  • 1Y-7.0%
  • YTD3.9%

The Food industry is down 3.9% over the last week with General Mills the worst performer, down 10%. Overall the industry is down 7.0% in 12 months. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026US$406.2bUS$556.2bUS$10.0b22.2x40.4x0.7x
Thu, 12 Feb 2026US$436.6bUS$556.0bUS$11.7b23.9x37.4x0.8x
Sat, 10 Jan 2026US$386.6bUS$555.7bUS$14.3b21.7x27x0.7x
Mon, 08 Dec 2025US$420.8bUS$570.8bUS$17.1b20.3x24.6x0.7x
Wed, 05 Nov 2025US$414.8bUS$558.8bUS$17.9b17.7x23.2x0.7x
Fri, 03 Oct 2025US$443.0bUS$553.3bUS$16.2b18x27.4x0.8x
Sun, 31 Aug 2025US$449.2bUS$554.9bUS$16.0b20.7x28.1x0.8x
Tue, 29 Jul 2025US$462.3bUS$547.7bUS$24.1b19.7x19.2x0.8x
Thu, 26 Jun 2025US$447.7bUS$547.7bUS$23.2b19x19.3x0.8x
Sat, 24 May 2025US$425.0bUS$468.1bUS$22.5b19.1x18.9x0.9x
Mon, 21 Apr 2025US$444.2bUS$472.3bUS$24.9b17.5x17.8x0.9x
Wed, 19 Mar 2025US$446.0bUS$471.8bUS$24.4b17.3x18.3x0.9x
Fri, 14 Feb 2025US$433.3bUS$475.6bUS$25.5b17.3x17x0.9x
Sun, 12 Jan 2025US$422.9bUS$461.6bUS$21.2b19.7x20x0.9x
Tue, 10 Dec 2024US$461.2bUS$464.4bUS$21.6b20.7x21.3x1x
Thu, 07 Nov 2024US$477.8bUS$460.6bUS$22.0b18.5x21.8x1x
Sat, 05 Oct 2024US$484.0bUS$462.1bUS$22.6b18.5x21.4x1x
Mon, 02 Sep 2024US$492.5bUS$461.5bUS$22.2b20.9x22.1x1.1x
Wed, 31 Jul 2024US$470.0bUS$467.0bUS$23.7b18.9x19.8x1x
Fri, 28 Jun 2024US$457.7bUS$473.4bUS$25.1b14.3x18.3x1x
Sun, 26 May 2024US$479.2bUS$474.0bUS$24.3b17.6x19.7x1x
Tue, 23 Apr 2024US$477.9bUS$472.7bUS$24.8b16.6x19.3x1x
Thu, 21 Mar 2024US$483.6bUS$473.0bUS$24.7b15.4x19.6x1x
Sat, 17 Feb 2024US$465.8bUS$478.4bUS$25.1b14.8x18.6x1x
Mon, 15 Jan 2024US$494.7bUS$490.0bUS$25.4b15.9x19.5x1x
Wed, 13 Dec 2023US$493.9bUS$490.1bUS$25.5b16.8x19.4x1x
Fri, 10 Nov 2023US$470.8bUS$490.1bUS$26.3b16.1x17.9x1x
Sun, 08 Oct 2023US$464.2bUS$494.5bUS$26.4b16.8x17.6x0.9x
Tue, 05 Sep 2023US$508.2bUS$491.0bUS$26.4b16x19.2x1x
Thu, 03 Aug 2023US$549.3bUS$490.4bUS$27.4b17.6x20.1x1.1x
Sat, 01 Jul 2023US$542.7bUS$499.6bUS$26.6b17.3x20.4x1.1x
Mon, 29 May 2023US$556.0bUS$499.2bUS$27.6b18.2x20.1x1.1x
Wed, 26 Apr 2023US$566.2bUS$495.6bUS$28.2b18.7x20.1x1.1x
Fri, 24 Mar 2023US$535.5bUS$493.7bUS$27.9b16.6x19.2x1.1x
Price to Earnings Ratio

19.2x


Total Market Cap: US$535.5bTotal Earnings: US$27.9bTotal Revenue: US$493.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 21.7x202420252026
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 40.4x which is higher than its 3-year average PE of 21.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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 Market-2.40%
Consumer Staples-0.66%
Food-3.86%
Agricultural Products4.26%
Packaged Foods and Meats-5.76%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings decline of 1.6% 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 14.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 19% 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
ADM Archer-Daniels-MidlandUS$70.754.2%
+US$1.4b		47.4%PE31.6x
BG Bunge GlobalUS$123.624.1%
+US$934.6m		65.8%PE29.2x
DAR Darling IngredientsUS$55.216.3%
+US$521.8m		86.5%PE139.4x
TSN Tyson FoodsUS$61.830.8%
+US$176.0m		2.0%PE108.8x
SEB SeaboardUS$5.00k2.9%
+US$133.7m		83.9%PE9.7x

Latest News

TSN
US$61.83
Tyson Foods
7D
0.8%
1Y
2.0%
GIS
US$38.98
General Mills
7D
-10.2%
1Y
-36.0%

Remarkability Spending And Pet Expansion Will Pressure Margins And Weaken Long Term Earnings

Catalysts About General Mills General Mills produces and markets branded food products across retail, foodservice, pet and international markets. What are the underlying business or industry changes driving this perspective?
CPB
US$21.39
Campbell's
7D
-15.4%
1Y
-45.2%
BG
US$123.62
Bunge Global
7D
4.1%
1Y
65.8%

BG: Buybacks And Share Cancellations Will Support Steady Fair Value Outlook

Analysts have raised their price target for Bunge Global from $126.00 to $129.60, citing updated assumptions around revenue growth, profit margins, and future P/E levels. What's in the News The Board of Directors authorized a new share buyback plan on March 10, 2026, indicating continued use of repurchases as a capital management tool (Key Developments).
MKC
US$57.69
McCormick
7D
-10.1%
1Y
-29.5%
WEST
US$4.52
Westrock Coffee
7D
16.5%
1Y
-35.2%

WEST: Adjusted Assumptions Will Support Upside As Fair Value Stays Intact

Analysts have nudged their price target on Westrock Coffee to $9.50 per share. The update reflects small tweaks to assumptions on discount rate, profit margin and future P/E, rather than any major shift in the core thesis.
LW
US$39.87
Lamb Weston Holdings
7D
-12.9%
1Y
-25.6%
ADM
US$70.75
Archer-Daniels-Midland
7D
4.2%
1Y
47.4%
AGRO
US$10.90
Adecoagro
7D
9.1%
1Y
2.7%

AGRO: Profertil Urea Price And Integration Risks Will Cap Future Upside

Analysts have lifted their price target range for Adecoagro to between $9 and $13, reflecting updated assumptions on discount rates, revenue trends, profitability and P/E. This is supported by recent research highlighting potential upside from sugar prices and the Profertil acquisition, along with balance sheet support from the December $308m capital increase.
SEB
US$5,001.99
Seaboard
7D
2.9%
1Y
83.9%
PPC
US$36.74
Pilgrim's Pride
7D
-7.5%
1Y
-25.9%

PPC: Future Returns Will Reflect Steady Assumptions And Unchanged Risk Profile

Analysts are maintaining their price target for Pilgrim's Pride at $45.00, reflecting unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E. These factors keep their valuation view steady for now.
MDLZ
US$57.16
Mondelez International
7D
-1.7%
1Y
-12.2%

MDLZ: Consistent Guidance And Buybacks Will Support Future Re Rating

Analysts have made a small adjustment to their view on Mondelez International, trimming the average price target by $1 to $73 while highlighting steady guidance through the 2026 CAGNY conference and mixed sentiment across U.S. food peers. Analyst Commentary Recent research around the 2026 CAGNY conference shows that views on Mondelez are split, with some firms trimming price targets and others lifting them, while ratings generally stay positive.
DAR
US$55.21
Darling Ingredients
7D
6.3%
1Y
86.5%
KHC
US$22.71
Kraft Heinz
7D
-7.1%
1Y
-25.9%

KHC: Prolonged Topline Pressures And Business Split Will Weigh On Future Risk Balance

The analyst price target for Kraft Heinz has been cut by $2 to $20, as analysts factor in updated models that incorporate weaker revenue and margin assumptions and reflect a broader wave of target reductions across recent Street research. Analyst Commentary Recent Street research around Kraft Heinz has leaned cautious, with several bearish analysts reducing price targets and, in some cases, lowering ratings.
CAG
US$16.03
Conagra Brands
7D
-14.1%
1Y
-38.5%

CAG: Impairment Resets And Stronger Cash Conversion Will Support Future Re Rating

The updated analyst price target for Conagra Brands reflects a modestly higher fair value estimate of about $22.48. This figure is supported by analysts' refreshed views on revenue growth, profit margins, and modest estimate increases following recent sector conferences and research updates.
SENE.A
US$146.71
Seneca Foods
7D
4.5%
1Y
71.6%