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U.S. Food Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies138
  • 7D-0.7%
  • 3M-4.8%
  • 1Y-10.4%
  • YTD-0.4%

The Food is pretty flat in the last 7 days, but Kraft Heinz has stood out, gaining 5.1%. As for the longer term, the industry has declined 10% in the last 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
Wed, 01 Jul 2026US$400.8bUS$571.6bUS$11.4b15.3x35.1x0.7x
Fri, 29 May 2026US$407.3bUS$571.7bUS$10.3b19.3x39.6x0.7x
Sun, 26 Apr 2026US$406.5bUS$557.8bUS$9.9b21.2x41.1x0.7x
Tue, 24 Mar 2026US$393.4bUS$555.9bUS$9.7b20.6x40.6x0.7x
Thu, 19 Feb 2026US$428.2bUS$556.2bUS$10.0b24.7x43x0.8x
Sat, 17 Jan 2026US$407.8bUS$555.7bUS$14.4b21.3x28.4x0.7x
Mon, 15 Dec 2025US$395.2bUS$558.1bUS$15.8b20.2x25x0.7x
Wed, 12 Nov 2025US$414.3bUS$570.8bUS$17.3b18.3x23.9x0.7x
Fri, 10 Oct 2025US$435.4bUS$552.8bUS$16.2b17.9x26.9x0.8x
Sun, 07 Sep 2025US$444.4bUS$555.1bUS$16.1b19.7x27.5x0.8x
Tue, 05 Aug 2025US$447.3bUS$550.5bUS$16.4b20.8x27.3x0.8x
Thu, 03 Jul 2025US$454.5bUS$549.8bUS$23.2b20.2x19.6x0.8x
Sat, 31 May 2025US$433.2bUS$468.1bUS$22.5b19.5x19.2x0.9x
Mon, 28 Apr 2025US$438.4bUS$472.2bUS$24.8b18.4x17.7x0.9x
Wed, 26 Mar 2025US$439.8bUS$471.5bUS$24.7b17.1x17.8x0.9x
Fri, 21 Feb 2025US$438.1bUS$476.0bUS$25.8b19.5x17x0.9x
Sun, 19 Jan 2025US$429.3bUS$464.1bUS$21.8b20.2x19.7x0.9x
Tue, 17 Dec 2024US$465.2bUS$464.4bUS$21.6b20.5x21.5x1x
Thu, 14 Nov 2024US$469.6bUS$460.7bUS$22.6b18.5x20.8x1x
Sat, 12 Oct 2024US$484.0bUS$462.1bUS$22.6b18.2x21.4x1x
Mon, 09 Sep 2024US$501.9bUS$461.4bUS$22.3b20.7x22.5x1.1x
Wed, 07 Aug 2024US$475.3bUS$461.7bUS$22.2b18.6x21.4x1x
Fri, 05 Jul 2024US$458.2bUS$473.4bUS$25.1b15.6x18.3x1x
Sun, 02 Jun 2024US$477.6bUS$474.0bUS$24.3b16.3x19.6x1x
Tue, 30 Apr 2024US$483.0bUS$475.9bUS$24.5b16.5x19.7x1x
Thu, 28 Mar 2024US$487.1bUS$473.0bUS$24.8b15.5x19.7x1x
Sat, 24 Feb 2024US$474.2bUS$478.2bUS$24.9b14.9x19.1x1x
Mon, 22 Jan 2024US$489.0bUS$489.9bUS$25.4b15.7x19.2x1x
Wed, 20 Dec 2023US$493.4bUS$490.1bUS$25.5b16.8x19.4x1x
Fri, 17 Nov 2023US$479.2bUS$490.1bUS$25.6b15.9x18.7x1x
Sun, 15 Oct 2023US$453.6bUS$494.5bUS$26.4b16.7x17.2x0.9x
Tue, 12 Sep 2023US$508.8bUS$491.3bUS$26.4b19x19.3x1x
Thu, 10 Aug 2023US$535.9bUS$490.9bUS$26.4b17.5x20.3x1.1x
Sat, 08 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 35.1x 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 Market1.92%
Consumer Staples-2.00%
Food-0.71%
Agricultural Products-0.54%
Packaged Foods and Meats-0.76%
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 18.7%, 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 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
KHC Kraft HeinzUS$23.625.1%
+US$1.4b		-11.2%PS1.1x
MKC McCormickUS$50.426.4%
+US$817.7m		-34.7%PE8.4x
CPB Campbell'sUS$22.275.0%
+US$316.1m		-29.7%PE10.9x
DAR Darling IngredientsUS$54.623.5%
+US$292.4m		43.3%PE38.9x
FRPT FreshpetUS$59.1210.8%
+US$282.6m		-17.1%PE14.5x

Latest News

KHC
US$23.62
Kraft Heinz
7D
5.1%
1Y
-11.2%
INGR
US$94.71
Ingredion
7D
-3.3%
1Y
-30.8%
FRPT
US$59.12
Freshpet
7D
10.8%
1Y
-17.1%
ADM
US$76.40
Archer-Daniels-Midland
7D
0.7%
1Y
40.3%
DAR
US$54.62
Darling Ingredients
7D
3.5%
1Y
43.3%
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.
MKC
US$50.42
McCormick
7D
6.4%
1Y
-34.7%
SEB
US$4,464.33
Seaboard
7D
-8.7%
1Y
53.1%
JBS
US$11.85
JBS
7D
-3.1%
1Y
-16.6%
Narrative Update • Jun 26

JBS: Plant Closures And Poultry Expansion Will Reshape Future Earnings Profile

The analyst price target for JBS has shifted from $20.04 to $18.81 as analysts adjust their assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News for JBS JBS USA plans to close its beef processing facility in Souderton, Pennsylvania, and a value-added processing plant in Memphis, Tennessee, as part of a restructuring focused on modernizing operations and improving efficiency.
SFD
US$24.26
Smithfield Foods
7D
-2.8%
1Y
0.2%
Narrative Update • Jun 26

SFD: Antitrust Overhang Will Be Outweighed By Branded Pork Expansion

Analysts have raised their price target for Smithfield Foods to $31.36 from $29.36, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E in their models. What’s in the News for Smithfield Foods Smithfield Foods is identified as one of several defendants in an ongoing federal antitrust class action involving alleged pork price fixing affecting commercial and institutional indirect purchasers in the United States, with Tyson Foods agreeing to a US$48,000,000 settlement while litigation continues against remaining defendants, including Smithfield Foods.
BG
US$106.73
Bunge Global
7D
-3.7%
1Y
33.0%
LW
US$43.18
Lamb Weston Holdings
7D
-3.8%
1Y
-17.5%
HSY
US$175.45
Hershey
7D
-2.1%
1Y
-0.2%
SJM
US$112.50
J. M. Smucker
7D
1.8%
1Y
9.3%
Narrative Update • Jun 25

SJM: Elliott Review And Coffee Deflation Will Shape Balanced FY27 Earnings Outlook

Analysts have nudged the J. M.
CPB
US$22.27
Campbell's
7D
5.0%
1Y
-29.7%
GIS
US$34.80
General Mills
7D
1.1%
1Y
-34.6%
MDLZ
US$57.84
Mondelez International
7D
-5.3%
1Y
-16.1%
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.