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U.S. Food Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies141
  • 7D2.4%
  • 3M5.9%
  • 1Y-8.9%
  • YTD5.2%

The Food industry is up 3.6% in the last week, with JBS up 17%. In contrast, the industry has lost 8.9% 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
Wed, 01 Apr 2026US$412.2bUS$558.5bUS$10.6b20.7x38.8x0.7x
Fri, 27 Feb 2026US$432.0bUS$556.7bUS$9.9b24.5x43.8x0.8x
Sun, 25 Jan 2026US$413.0bUS$556.0bUS$14.4b21x28.7x0.7x
Tue, 23 Dec 2025US$394.0bUS$557.5bUS$14.5b19.8x27.1x0.7x
Thu, 20 Nov 2025US$422.9bUS$573.5bUS$17.2b19.2x24.7x0.7x
Sat, 18 Oct 2025US$434.4bUS$551.9bUS$16.3b17.9x26.7x0.8x
Mon, 15 Sep 2025US$442.8bUS$556.1bUS$16.2b18.8x27.4x0.8x
Wed, 13 Aug 2025US$446.8bUS$551.6bUS$16.1b20.7x27.7x0.8x
Fri, 11 Jul 2025US$447.2bUS$548.0bUS$23.2b19.9x19.3x0.8x
Sun, 08 Jun 2025US$429.3bUS$468.3bUS$22.4b20.3x19.1x0.9x
Tue, 06 May 2025US$438.3bUS$471.8bUS$23.3b19x18.8x0.9x
Thu, 03 Apr 2025US$454.1bUS$471.5bUS$24.7b17.6x18.4x1x
Sat, 01 Mar 2025US$446.0bUS$476.0bUS$24.8b18x18x0.9x
Mon, 27 Jan 2025US$428.2bUS$464.3bUS$21.8b20.1x19.6x0.9x
Wed, 25 Dec 2024US$446.2bUS$464.4bUS$21.6b20.3x20.7x1x
Fri, 22 Nov 2024US$462.4bUS$459.1bUS$21.4b19.4x21.6x1x
Sun, 20 Oct 2024US$488.5bUS$462.1bUS$22.6b18.3x21.6x1.1x
Tue, 17 Sep 2024US$499.1bUS$461.6bUS$22.3b19.4x22.4x1.1x
Thu, 15 Aug 2024US$480.7bUS$461.0bUS$22.2b19.3x21.7x1x
Sat, 13 Jul 2024US$458.9bUS$473.4bUS$24.5b17.2x18.7x1x
Mon, 10 Jun 2024US$467.4bUS$473.7bUS$25.1b14.9x18.6x1x
Wed, 08 May 2024US$485.4bUS$474.2bUS$24.2b16.5x20x1x
Fri, 05 Apr 2024US$480.9bUS$472.8bUS$24.8b15.9x19.4x1x
Sun, 03 Mar 2024US$471.8bUS$477.0bUS$24.9b14.9x18.9x1x
Tue, 30 Jan 2024US$487.1bUS$490.0bUS$25.5b15.9x19.1x1x
Thu, 28 Dec 2023US$493.2bUS$490.0bUS$25.5b16.6x19.3x1x
Sat, 25 Nov 2023US$484.6bUS$490.5bUS$25.6b16.1x18.9x1x
Mon, 23 Oct 2023US$455.3bUS$494.5bUS$26.4b16.6x17.3x0.9x
Wed, 20 Sep 2023US$506.9bUS$491.1bUS$26.4b18.6x19.2x1x
Fri, 18 Aug 2023US$523.2bUS$491.0bUS$26.3b16.2x19.9x1.1x
Sun, 16 Jul 2023US$537.7bUS$494.2bUS$26.2b17.1x20.5x1.1x
Tue, 13 Jun 2023US$548.6bUS$499.2bUS$26.7b17.1x20.5x1.1x
Thu, 11 May 2023US$577.2bUS$499.0bUS$27.6b18.8x20.9x1.2x
Sat, 08 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 42.0x 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 30% 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-0.61%
Consumer Staples1.40%
Food2.40%
Packaged Foods and Meats2.57%
Agricultural Products1.73%
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 18.1%, 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 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 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$17.9617.1%
+US$2.2b		n/aPE9.5x
SFD Smithfield FoodsUS$27.9714.3%
+US$1.4b		35.6%PE11.2x
KHC Kraft HeinzUS$22.494.6%
+US$1.2b		-25.4%PS1.1x
TSN Tyson FoodsUS$64.075.2%
+US$1.1b		1.5%PE112.8x
ADM Archer-Daniels-MidlandUS$72.691.7%
+US$651.9m		50.8%PE32.5x

Latest News

MKC
US$50.44
McCormick
7D
-3.2%
1Y
-38.7%
FLO
US$8.15
Flowers Foods
7D
-1.3%
1Y
-57.0%
BG
US$127.20
Bunge Global
7D
2.5%
1Y
63.4%
HSY
US$207.89
Hershey
7D
-3.4%
1Y
22.6%
MZTI
US$138.33
Marzetti
7D
-1.9%
1Y
-21.0%

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.
DOLE
US$14.29
Dole
7D
-0.3%
1Y
-1.4%

DOLE: Completed Buybacks And Slightly Improved Assumptions Will Support Future Upside

Analysts have maintained their $21.50 price target on Dole, citing only small model adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, rather than any major change in their view of the stock. What's in the News Dole reported impairment and asset write downs on property, plant and equipment and lease assets of $2,942,000 for the fourth quarter ended December 31, 2025, compared with $2,154,000 a year earlier (Key Developments).
SJM
US$96.44
J. M. Smucker
7D
-0.4%
1Y
-18.6%

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

The analyst fair value estimate for J. M.
ADM
US$72.69
Archer-Daniels-Midland
7D
1.7%
1Y
50.8%
JBS
US$17.96
JBS
7D
17.1%
1Y
n/a
SFD
US$27.97
Smithfield Foods
7D
14.3%
1Y
35.6%
FDP
US$40.26
Fresh Del Monte Produce
7D
-5.4%
1Y
29.6%

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).
PPC
US$37.76
Pilgrim's Pride
7D
7.2%
1Y
-32.9%

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$61.85
Darling Ingredients
7D
6.5%
1Y
91.8%
KHC
US$22.49
Kraft Heinz
7D
4.6%
1Y
-25.4%

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.
NOMD
US$9.61
Nomad Foods
7D
-0.9%
1Y
-51.1%

NOMD: Share Repurchases Will Support Healthy Living Focused Recovery Potential

Analysts have nudged the fair value estimate for Nomad Foods slightly lower to about $12.79 from $12.83, reflecting reduced price targets in the $13 to $15 range as they factor in a disappointing outlook, weaker recent results, and trimmed earnings estimates. Analyst Commentary Recent Street research has shifted more cautious, with several bearish analysts trimming their price targets into a tighter US$13 to US$15 band as they reassess Nomad Foods' earnings power and execution risks.
TSN
US$64.07
Tyson Foods
7D
5.2%
1Y
1.5%

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.