Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Food Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies143
  • 7D-1.8%
  • 3M0.3%
  • 1Y-7.9%
  • YTD2.9%

Over the last 7 days, the Food industry has dropped 1.1%, driven by a pullback from General Mills of 7.6%. The industry has fallen 6.6% in the last year. 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
Thu, 19 Mar 2026US$410.8bUS$555.9bUS$9.7b20.7x42.4x0.7x
Sat, 14 Feb 2026US$437.7bUS$556.2bUS$10.0b24.4x43.9x0.8x
Mon, 12 Jan 2026US$391.7bUS$555.7bUS$14.3b21.7x27.3x0.7x
Wed, 10 Dec 2025US$423.3bUS$570.7bUS$17.0b21.5x24.8x0.7x
Fri, 07 Nov 2025US$414.3bUS$568.8bUS$17.9b18.5x23.2x0.7x
Sun, 05 Oct 2025US$444.0bUS$553.4bUS$16.2b18x27.4x0.8x
Tue, 02 Sep 2025US$449.2bUS$555.0bUS$16.0b20.7x28.1x0.8x
Thu, 31 Jul 2025US$460.7bUS$548.6bUS$24.2b19.7x19.1x0.8x
Sat, 28 Jun 2025US$444.2bUS$548.9bUS$23.2b19.1x19.2x0.8x
Mon, 26 May 2025US$426.1bUS$468.1bUS$22.5b19.1x18.9x0.9x
Wed, 23 Apr 2025US$443.7bUS$472.3bUS$24.8b17.4x17.9x0.9x
Fri, 21 Mar 2025US$439.6bUS$471.5bUS$24.3b17.5x18.1x0.9x
Sun, 16 Feb 2025US$435.1bUS$475.9bUS$25.7b19.3x16.9x0.9x
Tue, 14 Jan 2025US$422.9bUS$461.6bUS$21.1b19.6x20x0.9x
Thu, 12 Dec 2024US$466.5bUS$464.4bUS$21.6b20.5x21.6x1x
Sat, 09 Nov 2024US$467.1bUS$460.6bUS$21.7b18.7x21.5x1x
Mon, 07 Oct 2024US$487.4bUS$462.1bUS$22.6b18.5x21.5x1.1x
Wed, 04 Sep 2024US$492.5bUS$461.5bUS$22.2b21.6x22.1x1.1x
Fri, 02 Aug 2024US$474.2bUS$461.9bUS$21.7b19.3x21.8x1x
Sun, 30 Jun 2024US$457.1bUS$473.4bUS$25.1b14.5x18.2x1x
Tue, 28 May 2024US$479.4bUS$474.1bUS$24.3b17.6x19.7x1x
Thu, 25 Apr 2024US$485.4bUS$476.3bUS$24.6b16.9x19.7x1x
Sat, 23 Mar 2024US$486.2bUS$473.0bUS$24.7b15.3x19.7x1x
Mon, 19 Feb 2024US$465.5bUS$478.2bUS$24.9b14.8x18.7x1x
Wed, 17 Jan 2024US$494.7bUS$489.9bUS$25.4b15.9x19.4x1x
Fri, 15 Dec 2023US$503.7bUS$490.1bUS$25.5b16.9x19.8x1x
Sun, 12 Nov 2023US$472.0bUS$490.1bUS$26.5b16x17.8x1x
Tue, 10 Oct 2023US$467.7bUS$494.5bUS$26.4b17.3x17.7x0.9x
Thu, 07 Sep 2023US$501.2bUS$491.4bUS$26.4b15.6x19x1x
Sat, 05 Aug 2023US$542.5bUS$491.0bUS$27.4b17.4x19.8x1.1x
Mon, 03 Jul 2023US$542.6bUS$499.6bUS$26.6b17.3x20.4x1.1x
Wed, 31 May 2023US$547.3bUS$499.2bUS$27.6b18x19.8x1.1x
Fri, 28 Apr 2023US$574.2bUS$496.0bUS$28.1b18.6x20.5x1.2x
Sun, 26 Mar 2023US$546.6bUS$494.3bUS$27.8b18.1x19.7x1.1x
Price to Earnings Ratio

19.7x


Total Market Cap: US$546.6bTotal Earnings: US$27.8bTotal Revenue: US$494.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 21.7x202420252026
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 40.7x which is higher than its 3-year average PE of 21.7x.
  • 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 4.0% 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 Market-2.19%
Consumer Staples-2.27%
Food-1.85%
Agricultural Products0.44%
Packaged Foods and Meats-2.42%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 1.6% 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 14.4x.
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
MDLZ Mondelez InternationalUS$56.472.0%
+US$1.4b		-11.8%PE29.5x
TSN Tyson FoodsUS$61.222.4%
+US$496.4m		0.7%PE107.8x
AGRO AdecoagroUS$13.6331.8%
+US$480.6m		25.7%PS1.4x
BG Bunge GlobalUS$124.031.1%
+US$253.5m		64.8%PE29.3x
DAR Darling IngredientsUS$56.752.1%
+US$188.7m		87.7%PE143.3x

Latest News

GIS
US$37.59
General Mills
7D
-7.6%
1Y
-36.5%
AGRO
US$13.63
Adecoagro
7D
31.8%
1Y
25.7%
CPB
US$21.08
Campbell's
7D
-8.1%
1Y
-45.2%

CPB: Snacks Turnaround And Stable Meals Segment Will Support Rebound

The analyst price target for Campbell's has been reduced by around $5 to align with a series of lower Street targets, as analysts highlight weaker Q2 results, softer Snacks performance, tighter cash management, higher leverage, and reduced earnings visibility. Analyst Commentary Recent research updates on Campbell's show a clear reset in expectations following the fiscal Q2 report and the company's revised FY26 outlook.
KHC
US$22.08
Kraft Heinz
7D
-4.6%
1Y
-26.1%
TSN
US$61.22
Tyson Foods
7D
2.4%
1Y
0.7%
SJM
US$101.40
J. M. Smucker
7D
-5.8%
1Y
-8.0%

SJM: Elliott Engagement And Coffee Cost Deflation Will Shape 2026 Execution

The analyst fair value estimate for J. M.
BG
US$124.03
Bunge Global
7D
1.1%
1Y
64.8%

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$212.72
Hershey
7D
-2.4%
1Y
27.1%
MKC
US$55.06
McCormick
7D
-8.1%
1Y
-32.3%
WEST
US$4.43
Westrock Coffee
7D
14.2%
1Y
-32.8%

WEST: Adjusted Assumptions Will Support Upside As Fair Value Stays Intact

Analysts have nudged their price target on Westrock Coffee to $9.50 per share. The update reflects small tweaks to assumptions on discount rate, profit margin and future P/E, rather than any major shift in the core thesis.
ADM
US$70.87
Archer-Daniels-Midland
7D
0.06%
1Y
51.0%
MDLZ
US$56.47
Mondelez International
7D
2.0%
1Y
-11.8%

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.
DAR
US$56.75
Darling Ingredients
7D
2.1%
1Y
87.7%
FRPT
US$65.10
Freshpet
7D
-19.0%
1Y
-24.0%

FRPT: Margin Path And New CFO Will Shape Post 2026 Expectations

Analysts have lifted their average fair value estimate for Freshpet from about $70.67 to roughly $86.93. This reflects higher P/E assumptions and slightly firmer margin expectations after recent Q4 results and updated guidance.
CAG
US$15.56
Conagra Brands
7D
-8.4%
1Y
-39.9%

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.
TR
US$41.82
Tootsie Roll Industries
7D
2.0%
1Y
37.4%