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U.S. Food Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies133
  • 7D1.3%
  • 3M1.4%
  • 1Y-4.6%
  • YTD3.9%

In the last week, the Food industry is up 1.3%, with Archer-Daniels-Midland up 4.4%. However, the industry is down 4.6% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026US$407.2bUS$571.7bUS$7.1b17.4x57.1x0.7x
Thu, 18 Jun 2026US$401.3bUS$571.3bUS$11.4b17.1x35.1x0.7x
Sat, 16 May 2026US$405.2bUS$571.5bUS$10.4b17.8x39x0.7x
Mon, 13 Apr 2026US$410.4bUS$557.8bUS$9.9b21x41.3x0.7x
Wed, 11 Mar 2026US$421.4bUS$556.6bUS$10.0b22.9x41.9x0.8x
Fri, 06 Feb 2026US$430.7bUS$558.9bUS$11.9b22.9x36.1x0.8x
Sun, 04 Jan 2026US$387.2bUS$555.9bUS$14.5b19.5x26.8x0.7x
Tue, 02 Dec 2025US$431.3bUS$569.1bUS$17.3b20.6x25x0.8x
Thu, 30 Oct 2025US$431.3bUS$554.0bUS$16.5b17.3x26.2x0.8x
Sat, 27 Sep 2025US$432.6bUS$556.0bUS$16.5b19.3x26.2x0.8x
Mon, 25 Aug 2025US$457.5bUS$554.8bUS$16.2b21.5x28.2x0.8x
Wed, 23 Jul 2025US$450.8bUS$547.5bUS$24.0b19.2x18.8x0.8x
Fri, 20 Jun 2025US$444.5bUS$548.8bUS$23.4b19.4x19x0.8x
Sun, 18 May 2025US$435.1bUS$468.1bUS$22.5b19.2x19.3x0.9x
Tue, 15 Apr 2025US$442.6bUS$472.3bUS$24.9b16.8x17.8x0.9x
Thu, 13 Mar 2025US$455.0bUS$471.7bUS$24.4b17.3x18.6x1x
Sat, 08 Feb 2025US$430.2bUS$476.0bUS$24.0b19.2x17.9x0.9x
Mon, 06 Jan 2025US$445.7bUS$464.3bUS$21.6b20.8x20.7x1x
Wed, 04 Dec 2024US$474.0bUS$464.2bUS$21.6b21.7x21.9x1x
Fri, 01 Nov 2024US$471.2bUS$460.1bUS$21.7b17.5x21.7x1x
Sun, 29 Sep 2024US$497.6bUS$462.2bUS$22.2b19.3x22.4x1.1x
Tue, 27 Aug 2024US$490.9bUS$461.1bUS$22.3b19.7x22x1.1x
Thu, 25 Jul 2024US$463.8bUS$467.4bUS$24.2b18.7x19.2x1x
Sat, 22 Jun 2024US$457.2bUS$473.7bUS$25.1b14.8x18.2x1x
Mon, 20 May 2024US$491.3bUS$474.1bUS$24.3b18x20.2x1x
Wed, 17 Apr 2024US$463.7bUS$471.9bUS$24.7b16.5x18.8x1x
Fri, 15 Mar 2024US$474.6bUS$473.2bUS$24.5b15.2x19.3x1x
Sun, 11 Feb 2024US$466.0bUS$479.3bUS$25.2b14.6x18.5x1x
Tue, 09 Jan 2024US$496.4bUS$490.0bUS$25.4b16.3x19.5x1x
Thu, 07 Dec 2023US$488.3bUS$490.0bUS$25.4b16.5x19.2x1x
Sat, 04 Nov 2023US$473.3bUS$490.0bUS$26.4b16.2x17.9x1x
Mon, 02 Oct 2023US$490.2bUS$494.0bUS$26.2b18.5x18.7x1x
Wed, 30 Aug 2023US$520.3bUS$491.0bUS$26.3b16.4x19.8x1.1x
Fri, 28 Jul 2023US$550.8bUS$492.8bUS$26.4b17.1x20.9x1.1x
Price to Earnings Ratio

20.9x


Total Market Cap: US$550.8bTotal Earnings: US$26.4bTotal Revenue: US$492.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 24x202420252026
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 57.1x which is higher than its 3-year average PE of 24.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 35% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% 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-1.36%
Consumer Staples-0.80%
Food1.30%
Agricultural Products3.83%
Packaged Foods and Meats0.59%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 15.0% 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 17.0x.
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 decline of 21% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 22% 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$85.674.4%
+US$1.7b		58.2%PE38.2x
KHC Kraft HeinzUS$25.862.5%
+US$747.0m		-5.9%PS1.2x
BG Bunge GlobalUS$120.492.6%
+US$599.5m		62.3%PE34.1x
MDLZ Mondelez InternationalUS$60.270.7%
+US$526.3m		-13.2%PE29.7x
GIS General MillsUS$37.582.7%
+US$523.0m		-23.6%PS1.1x

Latest News

ADM
US$85.67
Archer-Daniels-Midland
7D
4.4%
1Y
58.2%
HSY
US$171.70
Hershey
7D
-2.0%
1Y
-2.9%
SMPL
US$10.92
Simply Good Foods
7D
-18.0%
1Y
-66.7%
Narrative Update • Jul 20

SMPL: Turnaround Execution And Cash Returns Will Drive Future Upside Potential

Analysts have trimmed the fair value estimate for Simply Good Foods to $14.88 from $17.33, reflecting lower revenue growth assumptions, a reduced future P/E multiple, and only modestly higher profit margin expectations. This is in line with recent price target resets around $14 and more tempered views on the pace of the company’s recovery.
GIS
US$37.58
General Mills
7D
2.7%
1Y
-23.6%
Narrative Update • Jul 17

GIS: Fiscal 2027 Cost Inflation Risk Will Pressure Earnings Profile

Analysts have trimmed their fair value estimate for General Mills to $31.00 from $35.00, reflecting higher discount rate assumptions and more cautious long term valuation multiples, even as recent research highlights better than feared earnings, margin resilience, and a mix of upward and downward revisions to Street price targets clustered around the low to mid $30s. Analyst Commentary Street research on General Mills has turned more mixed, with several firms adjusting price targets and ratings around recent earnings and the fiscal 2027 outlook.
MZTI
US$110.29
Marzetti
7D
-3.3%
1Y
-38.8%
Narrative Update • Jul 16

MZTI: Index Additions And Buybacks Will Support Future Share Upside

Analysts have trimmed their price target on Marzetti to $204 from $232, citing updated assumptions around revenue growth, profit margins and a slightly higher discount rate. What’s in the News for Marzetti Marzetti was added to the Russell 2500 Value Benchmark, increasing its presence in a widely followed value-focused index.
KHC
US$25.86
Kraft Heinz
7D
2.5%
1Y
-5.9%
Narrative Update • Jul 16

KHC: Brand Reinvestment And 2026 Reorganization Will Support Future Share Repricing

The analyst price target for Kraft Heinz has been revised slightly lower to $32.80 from $33.73, as analysts factor in updated expectations for revenue growth, profit margins, and future P/E assumptions following recent research. This research highlights both improved earnings visibility and ongoing concerns around leverage, inflation exposure, and the timing of any sales recovery.
MDLZ
US$60.27
Mondelez International
7D
0.7%
1Y
-13.2%
BG
US$120.49
Bunge Global
7D
2.6%
1Y
62.3%
Narrative Update • Jul 15

BG: Fair Outlook Balances Viterra Integration Benefits And Margin Improvement Expectations

Analysts have lifted their price target for Bunge Global to $121.60 from $93.50, citing updated assumptions that combine more modest revenue growth expectations with higher projected profit margins and a lower future P/E multiple. What’s in the News for Bunge Global Bunge Global received a Zacks Rank #2 (Buy) rating after full-year earnings estimates were raised by 17.4% over the past three months, with the stock return of about 27.6% year to date compared with 5.9% for the Basic Materials sector, according to Zacks.
OFRM
US$16.32
Once Upon A Farm PBC
7D
-11.5%
1Y
n/a
Narrative Update • Jul 10

OFRM: Index Additions And Raised Guidance Will Support Future Re-Rating

Analysts have reduced their fair value estimate for Once Upon A Farm PBC by $2.75 to $24.38, reflecting lower target P/E assumptions and updated views on risk, in line with recent price target cuts reported by TD Cowen and Barclays. Analyst Commentary Recent research on Once Upon A Farm PBC points to a more cautious stance on valuation, but analysts still highlight several factors that could support the story over time if execution lines up with expectations.
MKC
US$52.24
McCormick
7D
-2.8%
1Y
-26.2%
Narrative Update • Jul 09

MKC: Flavor Solutions Execution And Q4 Consumer Volume Turnarounds Will Drive Repricing

McCormick's updated analyst price target moves from about $83 to roughly $74, as analysts factor in more moderate revenue growth and profit margins, even as some still highlight support from Flavor Solutions and marketing efforts in Consumer. Analyst Commentary Recent research on McCormick shows a mixed but constructive setup, with several bullish analysts still seeing room for upside even as price targets are recalibrated.
HRL
US$25.28
Hormel Foods
7D
3.4%
1Y
-12.5%
SENE.A
US$161.48
Seneca Foods
7D
-8.5%
1Y
56.0%
MAMA
US$16.83
Mama's Creations
7D
-11.6%
1Y
84.3%
SEB
US$4,531.54
Seaboard
7D
-3.7%
1Y
49.5%
JBS
US$12.03
JBS
7D
1.9%
1Y
-7.8%
Narrative Update • Jun 26

JBS: Plant Closures And Poultry Expansion Will Reshape Future Earnings Profile

The analyst price target for JBS has shifted from $20.04 to $18.81 as analysts adjust their assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News for JBS JBS USA plans to close its beef processing facility in Souderton, Pennsylvania, and a value-added processing plant in Memphis, Tennessee, as part of a restructuring focused on modernizing operations and improving efficiency.
SFD
US$25.90
Smithfield Foods
7D
4.7%
1Y
10.0%
Narrative Update • Jun 26

SFD: Antitrust Overhang Will Be Outweighed By Branded Pork Expansion

Analysts have raised their price target for Smithfield Foods to $31.36 from $29.36, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E in their models. What’s in the News for Smithfield Foods Smithfield Foods is identified as one of several defendants in an ongoing federal antitrust class action involving alleged pork price fixing affecting commercial and institutional indirect purchasers in the United States, with Tyson Foods agreeing to a US$48,000,000 settlement while litigation continues against remaining defendants, including Smithfield Foods.