Like many other industries, the consumer goods industry experienced a turbulent 2020. Although the industry showed positive signals in the second half of the year, it is now facing challenges in the form of changing consumer trends. Most consumers say (or believe) that they changed their eating habits because of the coronavirus pandemic. It will be interesting to see how quickly food companies are able to adapt their offerings to changing consumer needs. With that in mind, let’s take a look at the top ten food companies.
Free photos / Pixabay – Valuewalk
Hedge fund letters, conferences, and more in Q2 2021
The ten largest food companies
To rank the top ten food companies, we referenced the latest sales numbers available. These are the ten largest food companies:
Hershey ($ 7,986 million)
The company, founded in 1894, produces and markets chocolate and sugar confectionery. Hershey Co (NYSE: HSY) has the following geographic segments: North America and International and Other. Its stocks have returned more than 14% over the past year and over 1% in the past three months. Hershey is headquartered in Hershey, Pennsylvania and employs over 15,000 people.
Hormel Foods ($ 9,497 million)
Founded in 1891, the company produces meat and food products. Hormel Foods Corp (NYSE: HRL) has the following businesses: Jennie-O Turkey Store, Grocery Products, Chilled Groceries, and International and Miscellaneous. Its stocks are down more than -10% in the past year and over -12% in the last three months. Hormel Foods is headquartered in Austin, Minnesota and employs over 18,000 people.
Conagra Brands ($ 9,538 million)
Founded in 1919, the company produces and sells processed and packaged food. Conagra Brands Inc (NYSE: CAG) has the following businesses: Chilled & Frozen Food, Foodservice, Grocery & Snacks, and International. Its stocks are down more than -7% over the past year and over -6% in the last three months. Conagra Brands is headquartered in Chicago, Illinois and employs over 17,000 people.
Campbell Soup ($ 9,909 million)
Founded in 1922, the company manufactures and markets convenience food products, including healthy drinks, simple meals, soups and snacks. Campbell Soup Company (NYSE: CPB) has the following businesses: meals and beverages and snacks. Its stocks are down more than -6% over the past year and over -6% in the past three months. Campbell Soup is headquartered in Camden, NJ and employs over 18,000 people.
Kellogg ($ 13,578 million)
The company, founded in 1906, produces, markets and sells ready-to-eat cereals and ready meals. Kellogg Company (NYSE: K) owns several popular brands including Kellogg’s, Cheez-It, Pringles, and more. It makes chips, cookies, crackers, and other ready-made meals. Its stocks have returned more than 1% in the past year and nearly -2% in the past three months. Kellogg is headquartered in Battle Creek, Michigan and employs over 30,000 people.
Land O ‘Lakes ($ 13,887 million)
Founded in 1921, it is a member-owned co-operative offering an extensive range of agricultural products to local co-operatives and farm producers. Land O ‘Lakes also offers state-of-the-art manufacturing and business services. It is a privately held company headquartered in Minnesota City, Minnesota and employs more than 7,000 people.
General Mills ($ 16,865 million)
Founded in 1928, the company manufactures and markets branded foods that are sold through retail stores. General Mills, Inc. (NYSE: GIS) has the following businesses: Europe & Australia, Convenience Stores & Foodservice, North America Retail, Pet Animals, and Asia & Latin America. Its stocks have returned more than 1% in the past year and over 2% in the last three months. General Mills is headquartered in Minneapolis, Minnesota and employs over 40,000 people.
Kraft Heinz ($ 24,977 million)
Founded in 2015, the company manufactures and markets food and beverages, including ambient dishes, frozen and chilled dishes, sauces, cheese, dairy products and more. Kraft Heinz Co (NASDAQ: KHC) has the following business segments: Canada, United States and International. Its stocks have returned over 23% in the past year and over -10% in the past three months. Kraft Heinz is headquartered in Pittsburgh, Pennsylvania and employs over 35,000 people.
Mondelez International ($ 25.868 million)
Founded in 1903, the company produces and markets snacks and beverages. Mondelez International Inc (NASDAQ: MDLZ) offers chewing gum and candy, beverages, cheese and groceries, cookies, chocolate and meals. It owns some of the world’s most popular brands including Trident Gum, Oreo, Cadbury, Cadbury Dairy Milk, and more. Its stocks have returned over 8% in the past year and over -3% in the past three months. Mondelez International is headquartered in Chicago, Illinois and employs over 80,000 people.
PepsiCo ($ 67,161 million)
Founded in 1965, the company produces, markets, distributes and sells food, beverages and snacks. PepsiCo, Inc. (NASDAQ: PEP) sells its products under several popular brands, including Quaker, Tropicana, Frito-Lay, Gatorade, Pepsi-Cola, and more. Its stocks have returned over 16% in the past year and over 4% in the past three months. PepsiCo is headquartered in Purchase, NY and employs over 265,000 people.