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U.S. Food Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies139
  • 7D-2.3%
  • 3M-3.9%
  • 1Y-8.5%
  • YTD0.4%

Over the last 7 days, the Food industry has dropped 2.3%, and Bunge Global contributed the most with a 7.2% decline. Meanwhile, Mama's Creations actually outperformed within the industry, gaining 25% in the last week. However, the industry is down 8.5% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026US$384.3bUS$571.3bUS$11.4b15.6x33.6x0.7x
Sat, 23 May 2026US$404.8bUS$571.6bUS$10.3b18.6x39.2x0.7x
Mon, 20 Apr 2026US$401.8bUS$557.8bUS$9.9b21.3x40.4x0.7x
Wed, 18 Mar 2026US$409.1bUS$556.3bUS$10.0b21.7x40.7x0.7x
Fri, 13 Feb 2026US$440.7bUS$556.2bUS$10.0b24.1x44.1x0.8x
Sun, 11 Jan 2026US$391.7bUS$555.7bUS$14.3b21.7x27.3x0.7x
Tue, 09 Dec 2025US$428.2bUS$570.8bUS$17.1b20.6x25.1x0.8x
Thu, 06 Nov 2025US$414.2bUS$559.4bUS$17.9b17.8x23.1x0.7x
Sat, 04 Oct 2025US$439.9bUS$553.4bUS$16.2b18x27.2x0.8x
Mon, 01 Sep 2025US$449.2bUS$554.9bUS$16.0b20.7x28.1x0.8x
Wed, 30 Jul 2025US$458.5bUS$548.0bUS$24.1b19.6x19x0.8x
Fri, 27 Jun 2025US$440.5bUS$548.6bUS$23.2b19.3x19x0.8x
Sun, 25 May 2025US$426.1bUS$468.1bUS$22.5b19.1x18.9x0.9x
Tue, 22 Apr 2025US$444.5bUS$472.3bUS$24.9b17.2x17.8x0.9x
Thu, 20 Mar 2025US$441.6bUS$471.5bUS$24.3b17.5x18.2x0.9x
Sat, 15 Feb 2025US$437.6bUS$475.9bUS$25.7b19.3x17x0.9x
Mon, 13 Jan 2025US$422.9bUS$461.6bUS$21.2b19.7x20x0.9x
Wed, 11 Dec 2024US$466.6bUS$464.4bUS$21.6b20.5x21.6x1x
Fri, 08 Nov 2024US$472.4bUS$460.6bUS$21.9b18.4x21.5x1x
Sun, 06 Oct 2024US$487.9bUS$462.1bUS$22.6b18.5x21.6x1.1x
Tue, 03 Sep 2024US$492.5bUS$461.5bUS$22.2b20.9x22.1x1.1x
Thu, 01 Aug 2024US$474.4bUS$461.7bUS$21.5b19.3x22.1x1x
Sat, 29 Jun 2024US$458.3bUS$473.4bUS$25.1b14.5x18.3x1x
Mon, 27 May 2024US$479.2bUS$474.0bUS$24.3b17.6x19.7x1x
Wed, 24 Apr 2024US$485.4bUS$478.2bUS$25.0b16.8x19.4x1x
Fri, 22 Mar 2024US$482.8bUS$473.0bUS$24.7b15.3x19.5x1x
Sun, 18 Feb 2024US$465.5bUS$478.2bUS$24.9b14.8x18.7x1x
Tue, 16 Jan 2024US$494.7bUS$490.0bUS$25.4b15.9x19.4x1x
Thu, 14 Dec 2023US$493.9bUS$490.1bUS$25.5b17.2x19.4x1x
Sat, 11 Nov 2023US$471.4bUS$490.1bUS$26.4b16x17.8x1x
Mon, 09 Oct 2023US$464.1bUS$494.5bUS$26.4b16.8x17.6x0.9x
Wed, 06 Sep 2023US$503.9bUS$491.4bUS$26.4b15.6x19.1x1x
Fri, 04 Aug 2023US$546.5bUS$490.6bUS$27.4b17.4x19.9x1.1x
Sun, 02 Jul 2023US$542.7bUS$499.6bUS$26.6b17.3x20.4x1.1x
Price to Earnings Ratio

20.4x


Total Market Cap: US$542.7bTotal Earnings: US$26.6bTotal Revenue: US$499.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 23.4x202420252026
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 33.6x which is higher than its 3-year average PE of 23.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 25% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% 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-2.31%
Consumer Staples-1.57%
Food-2.30%
Packaged Foods and Meats-1.86%
Agricultural Products-3.80%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings decline of 14.7% 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 16.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 6.8% 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
MAMA Mama's CreationsUS$18.9125.1%
+US$154.3m		126.5%PE126.1x
TSN Tyson FoodsUS$57.420.3%
+US$63.4m		3.4%PE44.6x
MKC McCormickUS$47.380.4%
+US$51.1m		-36.6%PE7.8x
OFRM Once Upon A Farm PBCUS$20.004.9%
+US$39.0m		n/aPS3.2x
JBSS John B. Sanfilippo & SonUS$81.654.2%
+US$38.6m		24.7%PE14.2x

Latest News

CALM
US$79.57
Cal-Maine Foods
7D
0.7%
1Y
-21.9%
TSN
US$57.42
Tyson Foods
7D
0.3%
1Y
3.4%
MKC
US$47.38
McCormick
7D
0.4%
1Y
-36.6%
FRPT
US$55.01
Freshpet
7D
1.0%
1Y
-23.2%
Narrative Update • Jun 23

FRPT: New Production Technology Will Drive Margins And Post 2026 Expectations

Freshpet's updated analyst price target reflects a small downward adjustment of about $0.44, as analysts balance slightly higher revenue growth assumptions with softer projected profit margins and a higher future P/E multiple. This outlook is informed by a mix of recent target cuts and upgrades across the Street.
MDLZ
US$61.06
Mondelez International
7D
-1.8%
1Y
-10.8%
Narrative Update • Jun 23

MDLZ: Emerging Markets And Cocoa Supply Trends Will Support Future Returns

Mondelez International’s analyst price target has been nudged higher by a few dollars, with recent $1 to $3 increases across several firms reflecting analysts’ updated views on the company’s risk profile, earnings power, and appropriate P/E multiple. Analyst Commentary Recent Street research on Mondelez International has been active, with several firms adjusting price targets and one prominent downgrade.
HRL
US$24.72
Hormel Foods
7D
0.3%
1Y
-18.7%
Narrative Update • Jun 23

HRL: Earnings Visibility And Margins Will Shape Future Repricing Prospects

Hormel Foods' consensus analyst price target has moved to $25, with analysts pointing to the recent Q2 adjusted EPS beat, the absence of a guidance cut, higher estimates and what they view as better earnings visibility as key reasons for the reset. Analyst Commentary Recent research on Hormel Foods reflects a mix of optimism and caution, with the Q2 adjusted EPS beat and the reset to a US$25 price target sitting at the center of the debate.
KHC
US$22.47
Kraft Heinz
7D
-5.6%
1Y
-13.7%
MAMA
US$18.91
Mama's Creations
7D
25.1%
1Y
126.5%
Narrative Update • Jun 22

MAMA: Expanded Retail Distribution And M&A Pipeline Will Support Balanced Future Prospects

Analysts have raised their price target on Mama's Creations by $1, citing updated assumptions on the discount rate, revenue growth, profit margin, and future P/E that refine their view of the stock's valuation. What’s in the News for Mama's Creations Mama's Creations returned to the IDDBA 2026 trade show in Orlando to showcase new deli prepared menu items, including new protein formats, globally inspired offerings, and meal solutions for multiple prepared food occasions.
HSY
US$179.27
Hershey
7D
-1.8%
1Y
4.2%
SFD
US$24.97
Smithfield Foods
7D
-3.8%
1Y
6.0%
Analysis Article • Jun 18

Smithfield Foods (SFD) Stock Could Be 29% Below Fair Value After Recent Pullback

Recent Performance Snapshot for Smithfield Foods Stock With no single headline event driving attention today, Smithfield Foods (SFD) is drawing interest as investors review its recent price moves, profitability, and revenue trends across packaged meats, fresh pork, and hog production. The stock last closed at $24.96, with returns down 0.3% over the past day, down 6.1% over the past week, and down 4.3% over the past month, while showing a 7.9% gain over the past 3 months. See our latest...
ADM
US$75.84
Archer-Daniels-Midland
7D
-2.8%
1Y
43.3%
SJM
US$110.47
J. M. Smucker
7D
-4.8%
1Y
13.7%
JBSS
US$81.65
John B. Sanfilippo & Son
7D
4.2%
1Y
24.7%
Seeking Alpha • Jun 17

John B. Sanfilippo: A Nut Fortress Building A Bar Bridge Through Snack Volatility

Summary John B. Sanfilippo & Son is evolving from a private-label nut processor to a broader snack manufacturer, with expanding bar production capabilities. JBSS delivered record sales in fiscal 2025 and Q3 FY2026, but volume growth lags, and recent margin compression reflects commodity cost pressures and pricing strategy. Operating cash flow rebounded in fiscal 2026, with capex peaking at $95 million as JBSS invests in bar capacity and production infrastructure. I rate JBSS a Buy, citing reasonable valuation, improving cash generation, bar platform growth, and potential upside from normalized free cash flow. Read the full article on Seeking Alpha
BG
US$110.86
Bunge Global
7D
-7.2%
1Y
32.6%
Narrative Update • Jun 16

BG: Cash Flow Recovery And Payout Commitments Will Support Higher Stock Returns

Analysts kept their $142.00 price target on Bunge Global steady, reflecting unchanged assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E, and signaling that recent research has not shifted their overall view of the stock's valuation. What’s in the News for Bunge Global Bunge Global is under scrutiny after reporting a trailing 12 month free cash flow margin of 1.4% in decline, alongside annual earnings per share falling 17% over the past three years.
DAR
US$52.78
Darling Ingredients
7D
-4.3%
1Y
36.7%
Narrative Update • Jun 15

DAR: Tighter Renewable Fuel Standard Expected To Support Wider Margin Opportunities

Analysts have lifted the implied fair value estimate for Darling Ingredients from $55.00 to $70.00, reflecting a series of higher price targets on the stock and updated views on growth, margins, and appropriate P/E multiples. Analyst Commentary Recent research points to a cluster of higher price targets for Darling Ingredients, with several firms adjusting their implied fair value to reflect updated assumptions for growth, margin durability, and appropriate P/E levels.
OFRM
US$20.00
Once Upon A Farm PBC
7D
4.9%
1Y
n/a