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U.S. Food Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies134
  • 7D1.9%
  • 3M0.9%
  • 1Y-2.5%
  • YTD5.5%

The Food industry is up 1.9% in the last week, with Mondelez International up 5.0%. Meanwhile, Bunge Global actually underperformed within the industry, shrinking 14% in the last week. Overall in the last year, the industry is flat. Looking forward, 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, 31 Jul 2026US$421.5bUS$582.8bUS$7.6b16.4x55.4x0.7x
Sun, 28 Jun 2026US$400.6bUS$571.6bUS$11.4b15.6x35.1x0.7x
Tue, 26 May 2026US$406.8bUS$571.6bUS$10.3b18.6x39.5x0.7x
Thu, 23 Apr 2026US$401.1bUS$557.8bUS$9.9b21.3x40.5x0.7x
Sat, 21 Mar 2026US$399.0bUS$555.9bUS$9.7b20.1x41.2x0.7x
Mon, 16 Feb 2026US$439.7bUS$556.2bUS$10.0b24.4x44.1x0.8x
Wed, 14 Jan 2026US$393.0bUS$555.7bUS$14.3b21.7x27.4x0.7x
Fri, 12 Dec 2025US$388.6bUS$558.1bUS$15.8b20.4x24.6x0.7x
Sun, 09 Nov 2025US$416.1bUS$569.3bUS$17.8b18.6x23.3x0.7x
Tue, 07 Oct 2025US$444.0bUS$553.8bUS$16.2b17.7x27.4x0.8x
Thu, 04 Sep 2025US$444.8bUS$554.5bUS$16.1b19.8x27.6x0.8x
Sat, 02 Aug 2025US$449.0bUS$549.5bUS$16.4b20.5x27.3x0.8x
Mon, 30 Jun 2025US$442.1bUS$548.9bUS$23.2b19.1x19.1x0.8x
Wed, 28 May 2025US$426.1bUS$468.1bUS$22.5b18.9x18.9x0.9x
Fri, 25 Apr 2025US$443.9bUS$472.3bUS$24.9b17.3x17.8x0.9x
Sun, 23 Mar 2025US$439.0bUS$471.5bUS$24.3b17.1x18.1x0.9x
Tue, 18 Feb 2025US$435.1bUS$475.9bUS$25.7b19.3x16.9x0.9x
Thu, 16 Jan 2025US$426.2bUS$464.4bUS$21.8b19.8x19.6x0.9x
Sat, 14 Dec 2024US$466.0bUS$464.4bUS$21.6b21.1x21.6x1x
Mon, 11 Nov 2024US$470.5bUS$460.5bUS$21.8b18.7x21.6x1x
Wed, 09 Oct 2024US$484.6bUS$462.2bUS$22.6b18x21.5x1x
Fri, 06 Sep 2024US$501.9bUS$461.5bUS$22.3b21.1x22.5x1.1x
Sun, 04 Aug 2024US$480.4bUS$461.4bUS$21.6b19.4x22.3x1x
Tue, 02 Jul 2024US$457.1bUS$473.3bUS$25.1b15.8x18.2x1x
Thu, 30 May 2024US$474.5bUS$473.9bUS$24.3b16.9x19.5x1x
Sat, 27 Apr 2024US$483.0bUS$475.9bUS$24.5b16.7x19.7x1x
Mon, 25 Mar 2024US$485.9bUS$473.0bUS$24.7b15.3x19.6x1x
Wed, 21 Feb 2024US$471.8bUS$478.2bUS$24.9b14.8x19x1x
Fri, 19 Jan 2024US$491.1bUS$489.9bUS$25.4b15.8x19.3x1x
Sun, 17 Dec 2023US$490.8bUS$490.1bUS$25.5b16.7x19.3x1x
Tue, 14 Nov 2023US$472.8bUS$490.1bUS$26.5b16.1x17.9x1x
Thu, 12 Oct 2023US$463.2bUS$494.5bUS$26.4b17x17.6x0.9x
Sat, 09 Sep 2023US$501.8bUS$491.3bUS$26.4b17.5x19x1x
Mon, 07 Aug 2023US$542.3bUS$491.0bUS$27.4b17.3x19.8x1.1x
Price to Earnings Ratio

19.8x


Total Market Cap: US$542.3bTotal Earnings: US$27.4bTotal Revenue: US$491.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 24.3x202420252026
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 55.4x which is higher than its 3-year average PE of 24.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.90x.
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 5.9% 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 Market0.50%
Consumer Staples3.16%
Food1.85%
Packaged Foods and Meats4.16%
Agricultural Products-6.28%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings decline of 11.8% 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 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 14% 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$63.085.0%
+US$3.4b		-2.5%PE22.9x
JBS JBSUS$14.2917.8%
+US$2.3b		3.6%PE8.8x
TSN Tyson FoodsUS$60.656.9%
+US$1.4b		16.0%PE47.1x
KHC Kraft HeinzUS$26.384.0%
+US$1.2b		-3.9%PS1.3x
HSY HersheyUS$177.233.0%
+US$1.0b		-4.8%PE32.9x

Latest News

MDLZ
US$63.08
Mondelez International
7D
5.0%
1Y
-2.5%
Analysis Article • 5h

Mondelez International, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

It's been a good week for Mondelez International, Inc. ( NASDAQ:MDLZ ) shareholders, because the company has just...
DAR
US$61.00
Darling Ingredients
7D
-3.8%
1Y
88.4%
BG
US$105.07
Bunge Global
7D
-14.1%
1Y
31.7%
HSY
US$177.23
Hershey
7D
3.0%
1Y
-4.8%
KHC
US$26.38
Kraft Heinz
7D
4.0%
1Y
-3.9%
Narrative Update • Jul 30

KHC: Post 2025 Brand Investment And Inflation Risks Will Pressure Turnaround Prospects

The updated fair value estimate for Kraft Heinz moves to $24.21 from $23.47. This reflects analyst price target revisions in the $22 to $25 range as they factor in adjusted revenue expectations, slightly higher profit margins, and a modestly higher future P/E assumption.
TSN
US$60.65
Tyson Foods
7D
6.9%
1Y
16.0%
Narrative Update • Jul 30

TSN: Chicken Strength And Easing Cattle Imports Will Shape Future Earnings Profile

Analysts have trimmed their average price target for Tyson Foods to $68.50 from $71.08, citing updated expectations for softer revenue growth and slightly lower profit margins, partly offset by support from chicken and a modestly higher future P/E assumption. Analyst Commentary Recent research on Tyson Foods highlights a mix of optimism and caution as analysts reassess earnings power, margins, and the impact of protein supply trends on valuation.
CALM
US$87.08
Cal-Maine Foods
7D
-1.2%
1Y
-21.6%
JBS
US$14.29
JBS
7D
17.8%
1Y
3.6%
SEB
US$4,505.27
Seaboard
7D
-2.5%
1Y
42.2%
LW
US$53.55
Lamb Weston Holdings
7D
8.9%
1Y
-6.2%
GIS
US$36.42
General Mills
7D
2.4%
1Y
-25.6%
Seeking Alpha • Jul 24

General Mills: A Dividend Cut Would Be An Opportunity, Not A Threat

Summary General Mills is rated Strong Buy, with compelling valuation and a solid cost-saving strategy despite rising macro risks. GIS targets $3 billion in cumulative cost savings by FY30, prioritizing balance sheet improvements and limiting buybacks to offset dilution. FY27 guidance anticipates organic net sales down 1.5% to up 0.5%, with Adj. Operating Profit declining 8–13%, mainly due to non-recurring factors. Macro headwinds, consumer trade-downs to private labels, and potential dividend pressures are key risks, but GIS’s turnaround and risk-reward remain attractive. Read the full article on Seeking Alpha
ADM
US$80.61
Archer-Daniels-Midland
7D
-6.6%
1Y
48.8%
Narrative Update • Jul 23

ADM: Elevated P/E Assumptions Will Increase Downside Risk If Earnings Disappoint

Analysts have raised their Archer-Daniels-Midland fair value estimate to $60 from $50, reflecting updated views on revenue growth, profit margins, and future P/E after a series of recent price target increases across the Street. Analyst Commentary Recent Street commentary on Archer-Daniels-Midland points to a mixed backdrop, with several firms adjusting price targets while keeping a cautious tone on the stock's risk and reward balance.
SJM
US$122.21
J. M. Smucker
7D
5.6%
1Y
13.9%
Narrative Update • Jul 23

SJM: Coffee Deflation And Hostess Review Will Eventually Undermine Earnings Resilience

The fair value estimate for J. M.
AGRO
US$10.16
Adecoagro
7D
-5.7%
1Y
10.6%
FLO
US$7.14
Flowers Foods
7D
-7.9%
1Y
-55.0%
Seeking Alpha • Jul 20

Flowers Foods: The Deal Behind Its First Dividend Cut In 24 Years

Summary Flowers Foods (FLO) faces headwinds after a $846.2M debt-financed acquisition and a recent dividend cut, challenging its historical stability. FLO's valuation is pressured by sector-wide derating tied to interest rates and internal factors, notably the costly Simple Mills acquisition. The dividend cut, ending a 24-year growth streak, signals diminished income appeal and has driven away income-focused investors. I rate FLO a hold, with fair value in the $8.35–10.57 range on $465–495M EBITDA at 7.5–8x, reflecting current business fundamentals. Read the full article on Seeking Alpha
BRCC
US$1.02
BRC
7D
-15.0%
1Y
-40.0%