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U.S. Food Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies145
  • 7D-3.0%
  • 3M-6.8%
  • 1Y-13.3%
  • YTD-3.2%

Over the last 7 days, the Food industry has dropped 3.0%, driven by a pullback from Mondelez International of 4.3%. However, the industry is down 13% over the past year. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026US$381.1bUS$555.9bUS$14.5b19.9x26.3x0.7x
Sat, 06 Dec 2025US$423.0bUS$569.2bUS$17.0b21.8x24.9x0.7x
Mon, 03 Nov 2025US$416.8bUS$558.6bUS$17.8b17.8x23.5x0.7x
Wed, 01 Oct 2025US$437.4bUS$553.6bUS$16.4b18.4x26.6x0.8x
Fri, 29 Aug 2025US$451.7bUS$555.2bUS$16.0b20.7x28.2x0.8x
Sun, 27 Jul 2025US$463.6bUS$548.2bUS$24.1b19.8x19.2x0.8x
Tue, 24 Jun 2025US$448.3bUS$548.6bUS$23.5b19.2x19.1x0.8x
Thu, 22 May 2025US$435.9bUS$468.1bUS$22.5b18.6x19.3x0.9x
Sat, 19 Apr 2025US$444.5bUS$472.3bUS$24.9b17.5x17.8x0.9x
Mon, 17 Mar 2025US$439.5bUS$471.8bUS$24.4b17.1x18x0.9x
Wed, 12 Feb 2025US$430.0bUS$475.9bUS$23.9b19.5x18x0.9x
Fri, 10 Jan 2025US$432.1bUS$464.8bUS$21.8b19.7x19.9x0.9x
Sun, 08 Dec 2024US$461.2bUS$464.4bUS$21.6b19.9x21.3x1x
Tue, 05 Nov 2024US$472.1bUS$460.8bUS$21.8b17.8x21.6x1x
Thu, 03 Oct 2024US$495.1bUS$462.0bUS$22.4b18.8x22.1x1.1x
Sat, 31 Aug 2024US$488.8bUS$461.5bUS$22.2b20.9x22x1.1x
Mon, 29 Jul 2024US$469.4bUS$467.0bUS$23.7b18.9x19.8x1x
Wed, 26 Jun 2024US$468.4bUS$473.8bUS$25.1b14.9x18.6x1x
Fri, 24 May 2024US$488.0bUS$474.0bUS$24.3b17.2x20.1x1x
Sun, 21 Apr 2024US$477.9bUS$472.7bUS$24.8b16.6x19.3x1x
Tue, 19 Mar 2024US$477.6bUS$473.1bUS$24.5b15x19.5x1x
Thu, 15 Feb 2024US$464.6bUS$478.9bUS$25.2b14.5x18.4x1x
Sat, 13 Jan 2024US$494.7bUS$490.0bUS$25.4b15.9x19.5x1x
Mon, 11 Dec 2023US$487.1bUS$490.0bUS$25.5b16.4x19.1x1x
Wed, 08 Nov 2023US$470.8bUS$490.1bUS$26.4b16.1x17.8x1x
Fri, 06 Oct 2023US$470.0bUS$494.5bUS$26.4b17.1x17.8x1x
Sun, 03 Sep 2023US$508.2bUS$491.0bUS$26.4b16x19.2x1x
Tue, 01 Aug 2023US$546.3bUS$493.7bUS$26.3b17.7x20.8x1.1x
Thu, 29 Jun 2023US$538.3bUS$499.4bUS$26.6b17.2x20.2x1.1x
Sat, 27 May 2023US$556.0bUS$499.2bUS$27.6b18.2x20.1x1.1x
Mon, 24 Apr 2023US$565.2bUS$495.6bUS$28.2b18.6x20x1.1x
Wed, 22 Mar 2023US$541.9bUS$493.7bUS$27.9b16.4x19.4x1.1x
Fri, 17 Feb 2023US$542.9bUS$492.3bUS$27.9b18.5x19.5x1.1x
Sun, 15 Jan 2023US$563.9bUS$486.7bUS$28.1b18.8x20.1x1.2x
Price to Earnings Ratio

20.1x


Total Market Cap: US$563.9bTotal Earnings: US$28.1bTotal Revenue: US$486.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 20.6x202420252026
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 26.3x which is higher than its 3-year average PE of 20.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% 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 Market1.52%
Consumer Staples-0.76%
Food-3.03%
Agricultural Products2.13%
Packaged Foods and Meats-4.00%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 22.8x.
    • Analysts are expecting annual earnings growth of 17.3%, which is higher than its past year's earnings growth of 2.7% 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 13.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 2.9% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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
BG Bunge GlobalUS$92.593.9%
+US$678.9m		19.7%PE13.5x
ADM Archer-Daniels-MidlandUS$58.521.8%
+US$495.0m		17.4%PE23.7x
SEB SeaboardUS$4.61k3.8%
+US$161.0m		85.9%PE11.1x
DAR Darling IngredientsUS$36.802.2%
+US$126.5m		9.3%PE54x
BYND Beyond MeatUS$1.0426.8%
+US$99.8m		-71.1%PS1.6x

Latest News

ADM
US$58.52
Archer-Daniels-Midland
7D
1.8%
1Y
17.4%

ADM: Carbohydrate Headwinds And Policy Uncertainty Will Shape Fairly Valued Shares

Analysts now see fair value for Archer-Daniels-Midland edging up to about $57.09 per share from roughly $56.90, even as a lower US$59 Street price target and fresh Underweight ratings reflect concerns about ongoing profit headwinds in Carbohydrate Solutions and softer demand for packaged foods with sugar additives. Analyst Commentary Bullish Takeaways Q3 earnings that came in ahead of estimates suggest the company can still execute against expectations even as end markets remain mixed, which some investors may view as support for the current fair value range near US$57.
CAG
US$16.08
Conagra Brands
7D
-7.1%
1Y
-39.5%

CAG: Impairment Charges Will Set Stage For Stronger Profitability Ahead

Analysts have trimmed their price target on Conagra Brands to about US$22.72 from roughly US$25.53, reflecting updated assumptions around revenue growth, profit margins, discount rates, and future P/E expectations. What's in the News Conagra Brands reported US$968 million in non cash goodwill and brand impairment charges for the second quarter ended November 23, 2025, tied to a sustained decline in the company’s share price and market capitalization (Key Developments).
HRL
US$22.34
Hormel Foods
7D
-5.7%
1Y
-26.6%
BG
US$92.59
Bunge Global
7D
3.9%
1Y
19.7%

Bunge Global (NYSE:BG) Is Due To Pay A Dividend Of $0.70

Jan 06
Bunge Global (NYSE:BG) Is Due To Pay A Dividend Of $0.70
TSN
US$56.20
Tyson Foods
7D
-4.1%
1Y
1.3%

TSN: Beef Plant Closures And Tariff Cuts Will Support Future Margin Recovery

Analysts have nudged their fair value estimate for Tyson Foods slightly higher to about US$77.42 from about US$77.18. This change reflects small updates to revenue growth, profit margin, discount rate assumptions and the future P/E multiple used in their models.
DAR
US$36.80
Darling Ingredients
7D
2.2%
1Y
9.3%

DAR: Fair Outlook Balances Q3 EBITDA Risk And Collagen Joint Venture Potential

Analysts have adjusted their fair value estimate for Darling Ingredients to $36 from $34, reflecting updated views on EBITDA expectations around Q3 and ongoing uncertainty tied to renewable volume obligation and small refinery exemption decisions, even as a recent Street target moved to $42 from $46. Analyst Commentary Bearish analysts are signaling a more cautious stance on Darling Ingredients, with recent research pointing to both valuation and execution risks around upcoming results and regulatory decisions.
BYND
US$1.04
Beyond Meat
7D
26.8%
1Y
-71.1%
GIS
US$42.95
General Mills
7D
-7.6%
1Y
-29.6%
OTLY
US$11.58
Oatly Group
7D
8.3%
1Y
-15.0%

OTLY: Margin Expansion Will Support Optimism As Operational Improvements Take Hold

Analysts have trimmed their price target on Oatly Group to $14 from $17, citing softer near term retail trends and margin pressure, even as they point to early signs of revenue reacceleration and operational improvement that support a modestly higher long term growth and valuation profile. Analyst Commentary Recent Street research indicates that, while the long term narrative around Oatly Group is improving, several Bearish analysts are tempering expectations in the near term.
KHC
US$23.01
Kraft Heinz
7D
-5.1%
1Y
-22.4%

KHC: Cyclical Headwinds And 2025 Reset Will Support Future Earnings Recovery

Analysts have modestly reduced their blended price target for Kraft Heinz by a few dollars per share to the mid $20s, citing softer organic sales trends, trimmed 2025 guidance, and a still challenging operating environment despite largely cyclical headwinds. Analyst Commentary Street research commentary on Kraft Heinz highlights a cautious but not outright negative stance, with price targets edging down into the mid 20s as analysts recalibrate expectations for growth, profitability, and industry conditions.
FRPT
US$62.07
Freshpet
7D
1.9%
1Y
-57.6%

FRPT: Interim CFO Transition Will Support Margin Expansion Upside Ahead

Analysts have reduced their price target on Freshpet from approximately $116 to about $100 per share. This change reflects more conservative assumptions for revenue growth and profit margins, which are only partly offset by a higher expected future earnings multiple.
MKC
US$65.37
McCormick
7D
-4.0%
1Y
-12.3%
MDLZ
US$51.51
Mondelez International
7D
-4.3%
1Y
-11.6%

MDLZ: AI Cost Cuts Will Support Future Margin Expansion Despite Demand Headwinds

Analysts have modestly reduced their price targets on Mondelez International, trimming the equity fair value estimate by about $0.17 per share to reflect slightly lower long term growth and earnings expectations amid softer consumer demand and a recalibration of valuation multiples. Analyst Commentary Street research reflects a generally cautious but still constructive stance on Mondelez, with most firms trimming price targets while maintaining ratings that range from Neutral to positive.
JBS
US$13.57
JBS
7D
-5.9%
1Y
n/a
SEB
US$4,612.84
Seaboard
7D
3.8%
1Y
85.9%
ABVE
US$2.46
Above Food Ingredients
7D
50.9%
1Y
498.4%

Above Food: Merger Intrigue Merits Extreme Caution

Oct 09