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U.S. Food Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies144
  • 7D-0.7%
  • 3M3.2%
  • 1Y-7.3%
  • YTD4.9%

The Food industry has been flat over the last week, but Archer-Daniels-Midland has lost 5.6%. As for the longer term, the industry has declined 7.3% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026US$410.4bUS$557.8bUS$9.9b21x41.3x0.7x
Tue, 10 Mar 2026US$424.0bUS$556.6bUS$10.0b23.3x42.2x0.8x
Thu, 05 Feb 2026US$424.5bUS$558.9bUS$11.9b22.8x35.6x0.8x
Sat, 03 Jan 2026US$387.1bUS$555.9bUS$14.5b19.5x26.8x0.7x
Mon, 01 Dec 2025US$431.3bUS$569.1bUS$17.3b21x25x0.8x
Wed, 29 Oct 2025US$434.6bUS$552.8bUS$16.3b18.5x26.7x0.8x
Fri, 26 Sep 2025US$441.1bUS$555.5bUS$16.5b19x26.7x0.8x
Sun, 24 Aug 2025US$457.5bUS$554.8bUS$16.2b21.5x28.2x0.8x
Tue, 22 Jul 2025US$451.9bUS$547.6bUS$24.0b18.8x18.9x0.8x
Thu, 19 Jun 2025US$445.0bUS$548.7bUS$23.4b19.4x19x0.8x
Sat, 17 May 2025US$431.7bUS$468.1bUS$22.5b19.2x19.2x0.9x
Mon, 14 Apr 2025US$441.8bUS$472.3bUS$24.9b16.6x17.8x0.9x
Wed, 12 Mar 2025US$464.5bUS$471.6bUS$24.4b17.8x19x1x
Fri, 07 Feb 2025US$427.2bUS$476.0bUS$24.0b18.8x17.8x0.9x
Sun, 05 Jan 2025US$445.7bUS$464.3bUS$21.6b20.8x20.7x1x
Tue, 03 Dec 2024US$473.3bUS$459.4bUS$21.2b20.4x22.3x1x
Thu, 31 Oct 2024US$475.8bUS$462.0bUS$22.1b17.7x21.5x1x
Sat, 28 Sep 2024US$494.6bUS$462.2bUS$22.2b19.3x22.2x1.1x
Mon, 26 Aug 2024US$489.3bUS$461.1bUS$22.3b20x22x1.1x
Wed, 24 Jul 2024US$467.8bUS$467.5bUS$24.2b18.4x19.4x1x
Fri, 21 Jun 2024US$457.8bUS$473.6bUS$25.1b14.7x18.2x1x
Sun, 19 May 2024US$491.3bUS$474.1bUS$24.3b18x20.2x1x
Tue, 16 Apr 2024US$464.3bUS$471.9bUS$24.7b16.4x18.8x1x
Thu, 14 Mar 2024US$473.7bUS$473.1bUS$24.5b15.4x19.3x1x
Sat, 10 Feb 2024US$466.0bUS$479.3bUS$25.2b14.6x18.5x1x
Mon, 08 Jan 2024US$496.4bUS$490.0bUS$25.4b16.7x19.5x1x
Wed, 06 Dec 2023US$487.1bUS$490.1bUS$25.5b16.1x19.1x1x
Fri, 03 Nov 2023US$463.8bUS$490.0bUS$26.4b16.2x17.6x0.9x
Sun, 01 Oct 2023US$490.2bUS$494.0bUS$26.2b18.5x18.7x1x
Tue, 29 Aug 2023US$517.6bUS$491.0bUS$26.3b16.4x19.7x1.1x
Thu, 27 Jul 2023US$551.1bUS$492.7bUS$26.3b17.1x21x1.1x
Sat, 24 Jun 2023US$546.3bUS$499.3bUS$26.7b17x20.4x1.1x
Mon, 22 May 2023US$566.9bUS$499.2bUS$27.6b18.6x20.5x1.1x
Wed, 19 Apr 2023US$566.6bUS$495.6bUS$28.2b18.5x20.1x1.1x
Price to Earnings Ratio

20.1x


Total Market Cap: US$566.6bTotal Earnings: US$28.2bTotal Revenue: US$495.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 22.2x202420252026
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 41.3x which is higher than its 3-year average PE of 22.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.94x.
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 4.0% 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 Trends

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

US Market3.38%
Consumer Staples0.53%
Food-0.69%
Packaged Foods and Meats0.23%
Agricultural Products-4.14%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 24.4x.
    • Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 6.9% 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 14.9x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 24% 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 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$59.002.5%
+US$1.9b		-12.0%PE30.9x
MKC McCormickUS$53.719.9%
+US$1.3b		-29.3%PE8.8x
JBS JBSUS$18.323.2%
+US$610.4m		n/aPE9.7x
LW Lamb Weston HoldingsUS$42.197.2%
+US$392.1m		-22.9%PE19.4x
TSN Tyson FoodsUS$65.641.6%
+US$355.6m		8.4%PE115.6x

Latest News

MKC
US$53.71
McCormick
7D
9.9%
1Y
-29.3%
TSN
US$65.64
Tyson Foods
7D
1.6%
1Y
8.4%

Tyson Foods: Pivoting Beyond Cyclicality Into Structural Growth

Apr 11
BG
US$123.92
Bunge Global
7D
-4.2%
1Y
62.4%

BG: Buybacks And Stable Assumptions Will Support Steady Fair Value Outlook

Analysts have lifted their price target for Bunge Global from $132.50 to $135.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E that support a slightly higher valuation framework. What's in the News Bunge Global SA announced a quarterly dividend of US$0.72 per share, payable on June 1, 2026, with an ex dividend and record date of May 22, 2026 (Key Developments).
DAR
US$61.27
Darling Ingredients
7D
-5.2%
1Y
111.4%
JBS
US$18.32
JBS
7D
3.2%
1Y
n/a

JBS: Shares Rise 26% This Year, But The Main Trigger Is Yet To Come

Apr 10
HRL
US$20.87
Hormel Foods
7D
-5.5%
1Y
-31.1%

Hormel Foods: The Undervalued Dividend King Adapting To Evolving Consumer Trends

Apr 10
LW
US$42.19
Lamb Weston Holdings
7D
7.2%
1Y
-22.9%
MDLZ
US$59.00
Mondelez International
7D
2.5%
1Y
-12.0%
KHC
US$23.06
Kraft Heinz
7D
1.2%
1Y
-21.4%

Kraft Heinz Co (KHC): The "Agile Turnaround" Reinvigorating Iconic Pantry Staples

The Kraft Heinz Co (KHC) , a global food and beverage giant, closed the April 8, 2026, session at $22.95 USD on the NASDAQ. The stock experienced a slight -0.99% decline today, reflecting a period of cautious consolidation as the market weighs the company's aggressive turnaround investments against persistent volume challenges in the U.S. market.
HSY
US$202.31
Hershey
7D
-1.9%
1Y
22.1%
SFD
US$29.22
Smithfield Foods
7D
3.0%
1Y
47.9%
GIS
US$35.59
General Mills
7D
-4.9%
1Y
-38.6%

GIS: Promotional Reset And Clean Label Shift Will Support Gradual Category Recovery

Analysts have trimmed the General Mills fair value estimate by about $0.63 to $40.89. This reflects a series of reduced price targets in recent research that highlight softer volume trends, higher promotional intensity, and an extended timeline for any potential recovery in key categories like cereal, pet food, and snacks.
ADM
US$69.73
Archer-Daniels-Midland
7D
-5.6%
1Y
52.1%

Nutrition Expansion And Decarbonization Efforts Will Support A Stronger Long Term Outlook

Catalysts About Archer-Daniels-Midland Archer-Daniels-Midland is a global agricultural and nutrition company that processes crops and supplies ingredients, feed and biofuels to food, beverage, animal nutrition and industrial customers. What are the underlying business or industry changes driving this perspective?
FRPT
US$64.80
Freshpet
7D
9.1%
1Y
-19.2%

FRPT: Manufacturing Moat And Competition Risks Will Shape Future Performance

Analysts have reduced the blended price target for Freshpet by about $7 to roughly $62, reflecting updated assumptions for a lower future P/E multiple, along with slightly higher modeled revenue growth and profit margins. Analyst Commentary Recent research on Freshpet reflects a mixed backdrop, with several firms taking a more cautious tone even as others highlight long term potential.
CPB
US$20.43
Campbell's
7D
-7.2%
1Y
-46.4%

CPB: Snacks Reset And Stable Meals Segment Will Support Rebound

Analysts have trimmed their average price targets on Campbell's by a few dollars to reflect weaker Q2 results, a reduced FY26 outlook, ongoing Snacks underperformance, higher leverage, tighter cash management, and concerns around earnings visibility, even though some models now assume a higher future P/E multiple. Analyst Commentary Recent research on Campbell's clusters around a common theme of weaker Q2 execution, a lower FY26 outlook, and ongoing pressure in Snacks, with most firms trimming price targets to reflect a reset in earnings expectations and perceived risk.
SJM
US$90.91
J. M. Smucker
7D
-4.8%
1Y
-21.6%

SJM: Elliott Engagement And Coffee Cost Deflation Will Support 2026 Execution

The analyst fair value estimate for J. M.