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U.S. Food Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies146
  • 7D-3.8%
  • 3M8.0%
  • 1Y-7.0%
  • YTD8.4%

Over the last 7 days, the Food industry has dropped 3.8%, driven by a pullback from Mondelez International of 5.2%. In contrast, Adecoagro has gained 9.0%. The industry has fallen 7.0% in the last year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026US$424.0bUS$556.6bUS$10.0b23.4x42.2x0.8x
Wed, 04 Feb 2026US$421.1bUS$550.8bUS$13.6b21.6x31.1x0.8x
Fri, 02 Jan 2026US$387.5bUS$555.9bUS$14.5b19.6x26.8x0.7x
Sun, 30 Nov 2025US$431.3bUS$569.1bUS$17.3b21x25x0.8x
Tue, 28 Oct 2025US$432.8bUS$552.6bUS$16.3b18.6x26.6x0.8x
Thu, 25 Sep 2025US$438.3bUS$556.2bUS$16.5b19x26.5x0.8x
Sat, 23 Aug 2025US$450.3bUS$554.8bUS$16.2b21.5x27.8x0.8x
Mon, 21 Jul 2025US$450.9bUS$547.2bUS$24.0b19x18.8x0.8x
Wed, 18 Jun 2025US$447.7bUS$548.7bUS$23.4b19.6x19.1x0.8x
Fri, 16 May 2025US$425.6bUS$468.1bUS$22.5b19.4x18.9x0.9x
Sun, 13 Apr 2025US$442.6bUS$472.3bUS$24.9b16.6x17.8x0.9x
Tue, 11 Mar 2025US$463.4bUS$471.5bUS$24.4b17.5x19x1x
Thu, 06 Feb 2025US$429.1bUS$476.0bUS$23.2b19.2x18.5x0.9x
Sat, 04 Jan 2025US$444.8bUS$464.3bUS$21.6b20.8x20.6x1x
Mon, 02 Dec 2024US$473.3bUS$459.5bUS$21.2b20.5x22.3x1x
Wed, 30 Oct 2024US$480.0bUS$462.0bUS$22.5b17.8x21.3x1x
Fri, 27 Sep 2024US$491.3bUS$462.2bUS$22.2b19.3x22.1x1.1x
Sun, 25 Aug 2024US$489.3bUS$461.1bUS$22.3b20x22x1.1x
Tue, 23 Jul 2024US$468.1bUS$467.5bUS$24.2b18.7x19.4x1x
Thu, 20 Jun 2024US$457.8bUS$473.7bUS$25.1b14.9x18.2x1x
Sat, 18 May 2024US$493.3bUS$474.1bUS$24.3b18x20.3x1x
Mon, 15 Apr 2024US$464.5bUS$472.0bUS$24.7b16.4x18.8x1x
Wed, 13 Mar 2024US$475.4bUS$476.1bUS$24.8b15.3x19.1x1x
Fri, 09 Feb 2024US$471.4bUS$479.3bUS$25.2b14.9x18.7x1x
Sun, 07 Jan 2024US$496.4bUS$490.0bUS$25.4b16.7x19.5x1x
Tue, 05 Dec 2023US$483.1bUS$490.4bUS$25.5b16.2x18.9x1x
Thu, 02 Nov 2023US$463.2bUS$488.7bUS$25.9b16x17.9x0.9x
Sat, 30 Sep 2023US$491.1bUS$494.0bUS$26.2b18.5x18.8x1x
Mon, 28 Aug 2023US$517.6bUS$491.0bUS$26.3b16.4x19.7x1.1x
Wed, 26 Jul 2023US$553.3bUS$492.6bUS$26.3b17.3x21x1.1x
Fri, 23 Jun 2023US$547.4bUS$499.3bUS$26.7b17x20.5x1.1x
Sun, 21 May 2023US$566.9bUS$499.2bUS$27.6b18.6x20.5x1.1x
Tue, 18 Apr 2023US$566.4bUS$495.5bUS$28.2b18.5x20.1x1.1x
Thu, 16 Mar 2023US$538.3bUS$493.5bUS$28.0b17.1x19.2x1.1x
Price to Earnings Ratio

19.2x


Total Market Cap: US$538.3bTotal Earnings: US$28.0bTotal Revenue: US$493.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 21.5x202420252026
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 42.2x which is higher than its 3-year average PE of 21.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.96x.
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-2.17%
Consumer Staples-4.45%
Food-3.77%
Agricultural Products-2.20%
Packaged Foods and Meats-4.13%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 23.7x.
    • 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 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 21% 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
AGRO AdecoagroUS$10.169.0%
+US$118.8m		-6.4%PE61.4x
CALM Cal-Maine FoodsUS$89.842.7%
+US$111.5m		2.8%PE3.7x
KHC Kraft HeinzUS$24.540.1%
+US$35.5m		-23.8%PS1.2x
SENE.A Seneca FoodsUS$140.163.7%
+US$34.2m		59.9%PE10.6x
BGS B&G FoodsUS$5.475.6%
+US$23.2m		-30.5%PS0.2x

Latest News

BRCC
US$0.78
BRC
7D
21.5%
1Y
-61.4%
MDLZ
US$58.40
Mondelez International
7D
-3.4%
1Y
-14.3%

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.
ADM
US$67.44
Archer-Daniels-Midland
7D
-3.1%
1Y
33.3%

ADM: Persistent Commodity Oversupply Risk Will Constrain Future Return Potential

Analysts have nudged their average price target for Archer-Daniels-Midland higher into the mid to high $60s, reflecting recent upward revisions from firms that point to a more balanced view of commodity oversupply risks alongside potential catalysts in agriculture and chemicals. Analyst Commentary Recent research has focused on how Archer-Daniels-Midland is priced against a backdrop of commodity oversupply concerns and mixed conditions in agriculture and chemicals, with several firms updating their targets while maintaining a cautious stance on execution risks.
GIS
US$44.29
General Mills
7D
-1.8%
1Y
-32.2%

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.
KHC
US$24.54
Kraft Heinz
7D
0.1%
1Y
-23.8%

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.
BGS
US$5.47
B&G Foods
7D
5.6%
1Y
-30.5%
HSY
US$224.99
Hershey
7D
-4.5%
1Y
20.7%

HSY: Easing Cocoa Costs And TikTok Push Will Shape Demand Elasticity

Analysts have raised our Hershey fair value estimate from $194.35 to $229.65, reflecting higher Street price targets across multiple firms and updated assumptions for slightly stronger revenue growth, higher profit margins, and a modestly richer future P/E. Analyst Commentary Recent Street research on Hershey points to a cluster of higher price targets and, in some cases, rating changes, which feed directly into the updated fair value range.
MKC
US$64.85
McCormick
7D
-7.2%
1Y
-23.0%

MKC: Reset Long Term Goals And Brand Collaborations Will Support Future Margin Path

The analyst price target for McCormick has been reduced by several firms in recent research. Our updated fair value estimate has edged up to $73.85 from $73.31 as analysts factor in the pullback of the company’s longer term 2028 goals, along with modest tweaks to revenue growth, margin and future P/E assumptions.
DDC
US$2.47
DDC Enterprise
7D
7.9%
1Y
-56.9%
TSN
US$61.43
Tyson Foods
7D
-4.6%
1Y
-0.8%

TSN: Beef Margin Recovery And Regulatory Breakup Risks Will Shape Returns

Analysts have increased their price targets on Tyson Foods by $3 to $9, citing expectations for steadier beef margins alongside solid chicken and pork fundamentals. They believe these factors support a slightly higher revenue growth outlook, firmer profit margins, and a modestly lower future P/E in updated models.
CALM
US$89.84
Cal-Maine Foods
7D
2.7%
1Y
2.8%
BG
US$116.67
Bunge Global
7D
-3.3%
1Y
52.9%
SENE.A
US$140.16
Seneca Foods
7D
3.7%
1Y
59.9%
BUDA
US$8.69
Buda Juice
7D
6.0%
1Y
n/a
AGRO
US$10.16
Adecoagro
7D
9.0%
1Y
-6.4%

AGRO: Profertil Commodity Risks Will Limit Upside After Capital Raise

Analysts have raised their price targets on Adecoagro, with Citi initiating coverage at $13 and BofA lifting its target to $9 from $7.50, citing an expectation of long term support from sugar prices as well as additional earnings contribution and diversification potential from the Profertil acquisition. Analyst Commentary Recent coverage has highlighted both the potential upside tied to sugar pricing and the added earnings contribution that could come from the Profertil acquisition.
JBS
US$15.52
JBS
7D
-8.1%
1Y
n/a