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U.S. Food Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies144
  • 7D-4.1%
  • 3M3.3%
  • 1Y-6.2%
  • YTD4.6%

Over the last 7 days, the Food industry has dropped 4.1%, driven by Mondelez International declining 6.6%. Meanwhile, Archer-Daniels-Midland actually outperformed within the industry, gaining 9.0% in the last week. Overall the industry is down 6.2% 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
Fri, 13 Mar 2026US$415.4bUS$556.6bUS$10.1b22.7x41.2x0.7x
Sun, 08 Feb 2026US$435.5bUS$559.3bUS$11.5b23.1x38x0.8x
Tue, 06 Jan 2026US$383.1bUS$555.9bUS$14.5b19.7x26.5x0.7x
Thu, 04 Dec 2025US$425.2bUS$569.1bUS$17.3b20.5x24.6x0.7x
Sat, 01 Nov 2025US$418.4bUS$558.6bUS$17.8b17.8x23.6x0.7x
Mon, 29 Sep 2025US$438.8bUS$553.4bUS$16.5b18.1x26.6x0.8x
Wed, 27 Aug 2025US$453.0bUS$554.6bUS$16.2b21x27.9x0.8x
Fri, 25 Jul 2025US$465.5bUS$548.7bUS$24.2b19.8x19.3x0.8x
Sun, 22 Jun 2025US$444.5bUS$548.3bUS$23.4b19.3x19x0.8x
Tue, 20 May 2025US$435.1bUS$468.1bUS$22.5b19.2x19.3x0.9x
Thu, 17 Apr 2025US$442.8bUS$472.3bUS$24.9b16.9x17.8x0.9x
Sat, 15 Mar 2025US$440.0bUS$471.8bUS$24.4b17.1x18.1x0.9x
Mon, 10 Feb 2025US$432.8bUS$476.0bUS$24.0b19.2x18x0.9x
Wed, 08 Jan 2025US$436.1bUS$464.4bUS$21.6b20x20.2x0.9x
Fri, 06 Dec 2024US$464.6bUS$464.4bUS$21.6b21.1x21.5x1x
Sun, 03 Nov 2024US$472.1bUS$460.7bUS$21.8b17.8x21.6x1x
Tue, 01 Oct 2024US$497.8bUS$462.2bUS$22.2b18.7x22.4x1.1x
Thu, 29 Aug 2024US$490.3bUS$461.0bUS$22.4b20.1x21.9x1.1x
Sat, 27 Jul 2024US$466.0bUS$467.0bUS$23.7b18.9x19.7x1x
Mon, 24 Jun 2024US$460.3bUS$473.7bUS$25.1b14.8x18.3x1x
Wed, 22 May 2024US$489.8bUS$474.1bUS$24.3b17.9x20.1x1x
Fri, 19 Apr 2024US$471.0bUS$472.7bUS$24.8b16.7x19x1x
Sun, 17 Mar 2024US$472.5bUS$473.1bUS$24.5b15.2x19.3x1x
Tue, 13 Feb 2024US$470.6bUS$479.3bUS$25.2b14.8x18.7x1x
Thu, 11 Jan 2024US$500.7bUS$490.0bUS$25.4b16x19.7x1x
Sat, 09 Dec 2023US$492.3bUS$490.0bUS$25.5b16.4x19.3x1x
Mon, 06 Nov 2023US$473.3bUS$490.0bUS$26.4b16.2x17.9x1x
Wed, 04 Oct 2023US$483.9bUS$494.0bUS$26.1b18.2x18.5x1x
Fri, 01 Sep 2023US$514.0bUS$491.0bUS$26.4b16x19.5x1x
Sun, 30 Jul 2023US$547.4bUS$493.7bUS$26.3b17.5x20.8x1.1x
Tue, 27 Jun 2023US$547.2bUS$499.3bUS$26.7b17.2x20.5x1.1x
Thu, 25 May 2023US$559.7bUS$499.2bUS$27.6b18.3x20.2x1.1x
Sat, 22 Apr 2023US$565.1bUS$495.6bUS$28.2b18.6x20x1.1x
Mon, 20 Mar 2023US$532.4bUS$493.5bUS$27.9b16.2x19.1x1.1x
Price to Earnings Ratio

19.1x


Total Market Cap: US$532.4bTotal Earnings: US$27.9bTotal Revenue: US$493.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 21.6x202420252026
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 41.2x which is higher than its 3-year average PE of 21.6x.
  • 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-1.47%
Consumer Staples-2.42%
Food-4.07%
Agricultural Products4.19%
Packaged Foods and Meats-5.87%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings decline of 0.08% 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 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 20% 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$72.509.0%
+US$2.9b		53.4%PE32.4x
BG Bunge GlobalUS$125.8311.2%
+US$2.4b		71.0%PE29.7x
DAR Darling IngredientsUS$56.335.9%
+US$496.4m		97.6%PE142.3x
AGRO AdecoagroUS$10.609.3%
+US$127.3m		-1.1%PE64.1x
SENE.A Seneca FoodsUS$147.043.6%
+US$34.6m		72.0%PE11.1x

Latest News

CPB
US$21.65
Campbell's
7D
-13.6%
1Y
-43.7%
BG
US$125.83
Bunge Global
7D
11.2%
1Y
71.0%

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).
HSY
US$215.50
Hershey
7D
-4.9%
1Y
25.3%
MKC
US$57.32
McCormick
7D
-12.2%
1Y
-29.0%
BRCC
US$0.90
BRC
7D
17.6%
1Y
-54.3%

BRCC: Higher Margin Outlook Will Support Recovery From NYSE Compliance Setback

Analysts have adjusted their price target on BRC to reflect updated assumptions around slightly softer revenue growth, a higher profit margin outlook of 3.19% versus 0.96%, and a more moderate future P/E of about 25 versus 83. This has led to a revised view on what they see as a reasonable valuation range for the stock in dollar terms.
ADM
US$72.50
Archer-Daniels-Midland
7D
9.0%
1Y
53.4%
AGRO
US$10.60
Adecoagro
7D
9.3%
1Y
-1.1%

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.
PPC
US$36.19
Pilgrim's Pride
7D
-11.2%
1Y
-28.0%

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$54.35
Mondelez International
7D
-6.6%
1Y
-16.0%

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.
GIS
US$39.40
General Mills
7D
-9.6%
1Y
-34.2%

GIS: Slower Recovery And Promotion Pressure Will Shape Protein And Clean Label Plans

Analysts have reduced their average price target for General Mills from about $49.47 to roughly $48.16. This change reflects lower revenue growth and slightly softer margin assumptions following the CAGNY guidance reset and a series of downward target revisions across the Street.
DAR
US$56.33
Darling Ingredients
7D
5.9%
1Y
97.6%
COOT
US$0.86
Australian Oilseeds Holdings
7D
42.8%
1Y
-38.6%
KHC
US$22.33
Kraft Heinz
7D
-7.8%
1Y
-26.0%

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$16.17
Conagra Brands
7D
-13.1%
1Y
-37.3%

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$147.04
Seneca Foods
7D
3.6%
1Y
72.0%
SEED
US$1.44
Origin Agritech
7D
38.5%
1Y
-22.8%