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U.S. Food Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies142
  • 7D1.2%
  • 3M5.2%
  • 1Y-9.1%
  • YTD4.5%

In the last week, the Food industry is up 1.2%, with JBS up 15%. During this same period, the Hershey underperformed, falling 6.5%. In contrast, the industry has lost 9.1% in the last 12 months. 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, 02 Apr 2026US$412.3bUS$558.5bUS$10.6b20.7x38.8x0.7x
Sat, 28 Feb 2026US$433.4bUS$556.7bUS$9.9b24.6x44x0.8x
Mon, 26 Jan 2026US$413.0bUS$556.0bUS$14.4b21x28.7x0.7x
Wed, 24 Dec 2025US$390.5bUS$555.9bUS$14.5b20.3x27x0.7x
Fri, 21 Nov 2025US$420.4bUS$573.3bUS$17.1b19.4x24.5x0.7x
Sun, 19 Oct 2025US$439.0bUS$551.9bUS$16.3b17.9x27x0.8x
Tue, 16 Sep 2025US$442.8bUS$556.6bUS$15.9b18.1x27.8x0.8x
Thu, 14 Aug 2025US$448.9bUS$551.8bUS$16.0b20.9x28x0.8x
Sat, 12 Jul 2025US$447.2bUS$548.0bUS$23.2b19.9x19.3x0.8x
Mon, 09 Jun 2025US$429.3bUS$468.3bUS$22.4b20.3x19.1x0.9x
Wed, 07 May 2025US$435.9bUS$470.0bUS$22.8b18.9x19.1x0.9x
Fri, 04 Apr 2025US$448.5bUS$471.4bUS$24.5b17.5x18.3x1x
Sun, 02 Mar 2025US$448.6bUS$476.0bUS$24.8b18x18.1x0.9x
Tue, 28 Jan 2025US$430.5bUS$464.3bUS$21.8b20.9x19.8x0.9x
Thu, 26 Dec 2024US$446.2bUS$464.4bUS$21.6b20.3x20.7x1x
Sat, 23 Nov 2024US$465.7bUS$459.1bUS$21.4b19.6x21.7x1x
Mon, 21 Oct 2024US$488.5bUS$462.1bUS$22.6b18.3x21.6x1.1x
Wed, 18 Sep 2024US$501.4bUS$461.6bUS$22.3b19.9x22.5x1.1x
Fri, 16 Aug 2024US$486.9bUS$461.0bUS$22.2b19.8x22x1.1x
Sun, 14 Jul 2024US$460.0bUS$473.5bUS$24.5b17.2x18.8x1x
Tue, 11 Jun 2024US$465.0bUS$473.7bUS$25.1b14.8x18.5x1x
Thu, 09 May 2024US$485.5bUS$474.0bUS$24.3b15.7x20x1x
Sat, 06 Apr 2024US$482.4bUS$472.8bUS$24.8b15.8x19.5x1x
Mon, 04 Mar 2024US$471.7bUS$477.0bUS$24.9b14.9x18.9x1x
Wed, 31 Jan 2024US$489.8bUS$490.0bUS$25.5b16x19.2x1x
Fri, 29 Dec 2023US$493.1bUS$490.0bUS$25.5b16.6x19.3x1x
Sun, 26 Nov 2023US$484.7bUS$490.5bUS$25.6b16.1x18.9x1x
Tue, 24 Oct 2023US$452.6bUS$494.5bUS$26.4b16.4x17.2x0.9x
Thu, 21 Sep 2023US$507.3bUS$491.1bUS$26.4b18.5x19.2x1x
Sat, 19 Aug 2023US$519.9bUS$491.1bUS$26.4b16.3x19.7x1.1x
Mon, 17 Jul 2023US$537.7bUS$494.2bUS$26.2b17.1x20.5x1.1x
Wed, 14 Jun 2023US$550.8bUS$499.3bUS$26.7b16.9x20.6x1.1x
Fri, 12 May 2023US$579.0bUS$499.1bUS$27.7b18.9x20.9x1.2x
Sun, 09 Apr 2023US$564.6bUS$495.5bUS$28.2b18.2x20x1.1x
Price to Earnings Ratio

20x


Total Market Cap: US$564.6bTotal Earnings: US$28.2bTotal Revenue: US$495.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 22x202420252026
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 38.8x which is higher than its 3-year average PE of 22.0x.
  • 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 28% 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-0.32%
Consumer Staples0.93%
Food1.19%
Packaged Foods and Meats1.21%
Agricultural Products1.14%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 17.8%, which is higher than its past year's earnings decline of 0.3% 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 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 26% 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 18% 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
JBS JBSUS$18.1215.0%
+US$2.5b		n/aPE9.6x
SFD Smithfield FoodsUS$28.6014.4%
+US$1.4b		37.6%PE11.4x
TSN Tyson FoodsUS$64.304.6%
+US$1.0b		2.5%PE113.2x
KHC Kraft HeinzUS$22.273.5%
+US$899.6m		-26.1%PS1.1x
PPC Pilgrim's PrideUS$37.987.2%
+US$608.1m		-31.3%PE8.3x

Latest News

BG
US$128.32
Bunge Global
7D
2.3%
1Y
64.5%
JBS
US$18.12
JBS
7D
15.0%
1Y
n/a
LW
US$38.48
Lamb Weston Holdings
7D
-7.9%
1Y
-28.9%
MKC
US$48.38
McCormick
7D
-8.3%
1Y
-40.5%
HSY
US$202.89
Hershey
7D
-6.5%
1Y
23.8%
OFRM
US$15.84
Once Upon A Farm PBC
7D
-5.4%
1Y
n/a
MZTI
US$138.48
Marzetti
7D
-1.0%
1Y
-20.2%

MZTI: Margin Upside And Bachans Contribution Will Support Future Returns

Narrative Update on Marzetti Analysts have trimmed their price target on Marzetti by $16 to $168, citing cautious consumer behavior, slower food consumption trends, and moderating share gains. They still see room for margin improvement and value creation from Bachan's.
GIS
US$37.21
General Mills
7D
2.9%
1Y
-37.1%

Brand Reinvestment And Pet Humanization Will Drive Long Term Upside Potential

Catalysts About General Mills General Mills is a global consumer foods company that sells packaged food across retail, foodservice, and pet categories. What are the underlying business or industry changes driving this perspective?
SFD
US$28.60
Smithfield Foods
7D
14.4%
1Y
37.6%
FDP
US$40.15
Fresh Del Monte Produce
7D
-5.5%
1Y
28.0%

FDP: Share Buybacks And Sponsorship Exposure Will Support Future Upside Potential

Analysts have left their $52.00 price target on Fresh Del Monte Produce unchanged, reflecting consistent assumptions for discount rate, revenue growth, profit margin, and future P/E multiple. What's in the News Fresh Del Monte Produce returned as the official sponsor of the Miami Open, offering three branded smoothie combinations at the Courtside Smoothie experience at Hard Rock Stadium in Miami Gardens, Florida, from March 15 to March 29 (Key Developments).
HRL
US$22.03
Hormel Foods
7D
-4.4%
1Y
-28.1%

HRL: 2026 Guidance And Regulatory Shake Up Will Drive Upside Potential

Analysts have trimmed their price target on Hormel Foods by $2 to reflect updated views on the company, with the adjustment supported by refreshed estimates for fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Some bullish analysts view the modest $2 trim to the price target as a fine tuning of valuation inputs rather than a fundamental reset, with fair value and discount rate assumptions updated to reflect current information.
MDLZ
US$57.07
Mondelez International
7D
-0.6%
1Y
-13.7%
PPC
US$37.98
Pilgrim's Pride
7D
7.2%
1Y
-31.3%

PPC: Future Returns Will Reflect Higher Margins And Steady Risk Profile

Analysts now set Pilgrim's Pride price target at about $44.38, slightly below the prior $45.00. This reflects updated assumptions around revenue growth, profit margins and a lower future P/E multiple.
DAR
US$62.16
Darling Ingredients
7D
5.6%
1Y
87.6%
KHC
US$22.27
Kraft Heinz
7D
3.5%
1Y
-26.1%

KHC: Brand Investment And Portfolio Split Will Support Turnaround Beyond 2025

Analysts have trimmed the fair value estimate for Kraft Heinz from about $27.13 to roughly $25.03, reflecting updated price targets and concerns around softer revenue assumptions, profit margins, and topline pressure highlighted in recent research. Analyst Commentary Recent research on Kraft Heinz has tilted more cautious, with several firms lowering price targets and, in some cases, downgrading ratings.
TSN
US$64.30
Tyson Foods
7D
4.6%
1Y
2.5%

TSN: Beef Margin Recovery And Breakup Legislation Will Shape Future Returns

Analysts have trimmed the fair value estimate for Tyson Foods to $58 from $60, aligning it with a new $58 price target that reflects updated views on slightly stronger revenue growth and profit margins, as well as a lower assumed future P/E multiple. Analyst Commentary Recent Street research around Tyson Foods has been mixed, with some firms increasing price targets while others adopt a more guarded tone.