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U.S. Food Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies138
  • 7D0.7%
  • 3M-3.5%
  • 1Y-8.5%
  • YTD2.3%

The Food is pretty flat in the last 7 days, but Kraft Heinz has stood out, gaining 9.0%. As for the longer term, the industry has declined 8.5% in the last 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
Thu, 02 Jul 2026US$390.4bUS$571.6bUS$11.4b16x34.3x0.7x
Sat, 30 May 2026US$405.8bUS$571.1bUS$10.3b18.5x39.5x0.7x
Mon, 27 Apr 2026US$406.5bUS$557.8bUS$9.9b21.2x41.1x0.7x
Wed, 25 Mar 2026US$398.7bUS$555.9bUS$9.7b20.3x41.1x0.7x
Fri, 20 Feb 2026US$430.6bUS$556.2bUS$10.0b24.4x43.1x0.8x
Sun, 18 Jan 2026US$403.4bUS$555.7bUS$14.4b21.3x28.1x0.7x
Tue, 16 Dec 2025US$395.2bUS$558.1bUS$15.8b20.2x25x0.7x
Thu, 13 Nov 2025US$420.2bUS$570.6bUS$17.3b18.4x24.3x0.7x
Sat, 11 Oct 2025US$432.4bUS$550.8bUS$16.1b17.7x26.8x0.8x
Mon, 08 Sep 2025US$448.9bUS$555.1bUS$16.1b19.7x27.8x0.8x
Wed, 06 Aug 2025US$449.2bUS$549.5bUS$16.1b20.8x27.9x0.8x
Fri, 04 Jul 2025US$454.9bUS$550.0bUS$23.2b20.1x19.6x0.8x
Sun, 01 Jun 2025US$432.3bUS$468.1bUS$22.5b19.5x19.2x0.9x
Tue, 29 Apr 2025US$437.8bUS$472.3bUS$24.8b18x17.7x0.9x
Thu, 27 Mar 2025US$437.5bUS$470.9bUS$24.6b17.3x17.8x0.9x
Sat, 22 Feb 2025US$451.2bUS$476.0bUS$25.8b19.7x17.5x0.9x
Mon, 20 Jan 2025US$429.3bUS$464.1bUS$21.8b20.2x19.7x0.9x
Wed, 18 Dec 2024US$460.8bUS$464.4bUS$21.6b20.5x21.3x1x
Fri, 15 Nov 2024US$469.0bUS$460.6bUS$22.5b18.3x20.8x1x
Sun, 13 Oct 2024US$484.2bUS$462.1bUS$22.6b18.2x21.4x1x
Tue, 10 Sep 2024US$503.5bUS$461.4bUS$22.3b19.9x22.6x1.1x
Thu, 08 Aug 2024US$475.4bUS$460.9bUS$22.2b18.5x21.4x1x
Sat, 06 Jul 2024US$459.1bUS$473.4bUS$25.1b15.7x18.3x1x
Mon, 03 Jun 2024US$477.6bUS$474.0bUS$24.3b16.3x19.6x1x
Wed, 01 May 2024US$486.3bUS$475.9bUS$24.6b16x19.8x1x
Fri, 29 Mar 2024US$487.1bUS$473.0bUS$24.9b15.6x19.6x1x
Sun, 25 Feb 2024US$474.3bUS$478.2bUS$24.9b14.9x19.1x1x
Tue, 23 Jan 2024US$479.1bUS$489.9bUS$25.4b15.6x18.8x1x
Thu, 21 Dec 2023US$493.4bUS$490.0bUS$25.5b16.6x19.4x1x
Sat, 18 Nov 2023US$479.5bUS$490.1bUS$25.6b15.7x18.7x1x
Mon, 16 Oct 2023US$453.6bUS$494.5bUS$26.4b16.7x17.2x0.9x
Wed, 13 Sep 2023US$508.8bUS$491.3bUS$26.4b18.8x19.3x1x
Fri, 11 Aug 2023US$534.0bUS$490.9bUS$26.3b16.6x20.3x1.1x
Sun, 09 Jul 2023US$536.0bUS$494.1bUS$26.3b17.1x20.4x1.1x
Price to Earnings Ratio

20.4x


Total Market Cap: US$536.0bTotal Earnings: US$26.3bTotal Revenue: US$494.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 23.5x202420252026
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 34.3x which is higher than its 3-year average PE of 23.5x.
  • 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 24% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.0% 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 Market1.64%
Consumer Staples-3.06%
Food0.74%
Packaged Foods and Meats0.83%
Agricultural Products0.41%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 20.9%, 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 16.6x.
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 21% 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
KHC Kraft HeinzUS$25.019.0%
+US$2.5b		-7.6%PS1.2x
GIS General MillsUS$37.778.5%
+US$1.6b		-29.8%PE9.1x
MKC McCormickUS$52.9111.2%
+US$1.4b		-30.9%PE8.8x
ADM Archer-Daniels-MidlandUS$76.612.0%
+US$737.4m		37.0%PE34.2x
DAR Darling IngredientsUS$56.587.5%
+US$624.6m		44.2%PE40.3x

Latest News

SJM
US$114.86
J. M. Smucker
7D
2.9%
1Y
9.6%
GIS
US$37.77
General Mills
7D
8.5%
1Y
-29.8%
MKC
US$52.91
McCormick
7D
11.2%
1Y
-30.9%
CAG
US$14.30
Conagra Brands
7D
5.1%
1Y
-32.4%
Narrative Update • Jul 01

CAG: CEO Earnings Rebase And Dividend Reset Will Support Future Re Rating

Conagra Brands’ analyst price target has been revised lower, with the fair value estimate moving from about $20.52 to $19.60 as analysts factor in weaker profit margins, ongoing cost inflation, limited pricing power, dividend reset risk, and uncertainty around the new CEO’s earnings rebase and FY27 outlook. Analyst Commentary Across recent research, coverage of Conagra Brands has leaned cautious, but there are still a few constructive signals that matter if you are weighing the stock’s risk and reward.
BG
US$104.89
Bunge Global
7D
-3.8%
1Y
28.9%
Narrative Update • Jul 01

BG: Higher Margins And Completed Buyback Will Support Future Upside

Analysts have nudged their price target for Bunge Global to $150 from $145, citing updated assumptions on revenue growth, profit margins, discount rate, and future P/E that collectively reshape their valuation view on the stock. What's in the News Bunge Global reported that from March 10, 2026 to March 31, 2026, it repurchased 0 shares for $0 million, and stated that this completed the buyback announced on March 10, 2026.
KHC
US$25.01
Kraft Heinz
7D
9.0%
1Y
-7.6%
HSY
US$178.67
Hershey
7D
-2.4%
1Y
0.9%
Narrative Update • Jun 30

HSY: Confection Recovery And Easing Cocoa Costs Will Support Future Earnings Resilience

The analyst price target for Hershey has been trimmed by about $11 to reflect slightly lower fair value estimates, a modestly higher discount rate, and more cautious assumptions on revenue growth, profit margins, and future P/E multiples. Recent research points to softer scanner data and freight pressure in salty snacks, even as some analysts remain constructive on the confection category heading into the second half of 2026.
INGR
US$95.62
Ingredion
7D
-2.5%
1Y
-30.8%
WEST
US$7.54
Westrock Coffee
7D
-22.1%
1Y
22.6%
Seeking Alpha • Jun 30

Westrock Coffee: It's Not Too Late To Invest

Summary Westrock Coffee Company has had high volatility in the past few years, as the company's earnings have disappointed market expectations. WEST targets a shift to higher-value product categories to grow sales and margins. The massive Conway facility's ramp-up and WEST's Palantir partnership create an attractive turnaround case. WEST stock discounts the company's earnings potential. I estimate 39% upside to $11.4. Read the full article on Seeking Alpha
HRL
US$24.88
Hormel Foods
7D
-2.6%
1Y
-19.2%
ADM
US$76.61
Archer-Daniels-Midland
7D
2.0%
1Y
37.0%
DAR
US$56.58
Darling Ingredients
7D
7.5%
1Y
44.2%
Narrative Update • Jun 29

DAR: Renewable Diesel Policy Support Expected To Drive Higher Margin Opportunities

Analysts have trimmed their average price target on Darling Ingredients to $61.22 from $70.00. This reflects updated assumptions around fair value, future P/E and profitability, while still citing supportive biofuel policy trends and higher margin opportunities, alongside commodity and execution risks.
SEB
US$4,339.94
Seaboard
7D
-9.2%
1Y
43.9%
LW
US$44.54
Lamb Weston Holdings
7D
-2.5%
1Y
-15.6%
CPB
US$23.47
Campbell's
7D
5.5%
1Y
-26.5%
MDLZ
US$59.35
Mondelez International
7D
-3.9%
1Y
-14.7%
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.