In this piece, we will take a look at the five biggest food companies in the world by revenue. If you want to learn more about the latest trends in the food industry, then check out 25 Biggest Food Companies in the World by Revenue.
5. JBS S.A. (OTC:JBSAY)
Latest Trailing 12 Month Revenue: $72.25 billion
JBS S.A. (OTC:JBSAY) is one of the biggest food and meat companies in the world. It sells beef, poultry, chicken, and other meat products. The firm was out with an important set of financial results in March 2024, which saw it miss analyst estimates in the midst of a glut in the global poultry market and high grain prices. However, JBS S.A. (OTC:JBSAY) was optimistic about its Brazilian processed food manufacturing business division on the back of easing inflation.
4. Sysco Corporation (NYSE:SYY)
Latest Trailing 12 Month Revenue: $77.50 billion
Sysco Corporation (NYSE:SYY) is an American food distribution company headquartered in Houston, Texas. Its products include meats, seafood, and other grocery items. The shares are rated Buy on average, and the average analyst share price target is $87.91.
By the end of last year’s fourth quarter, 39 out of the 933 hedge funds part of Insider Monkey’s database had bought Sysco Corporation (NYSE:SYY)’s shares. Brandon Haley’s Holocene Advisors was the biggest investor due to its $245 million stake.
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3. Archer-Daniels-Midland Company (NYSE:ADM)
Latest Trailing 12 Month Revenue: $93.9 billion
Archer-Daniels-Midland Company (NYSE:ADM) is an American farm products company headquartered in Chicago, Illinois. It has operations in nearly all continents in the world. March 2024 is ending on a controversial note for the firm, with reports suggesting it paid bonuses to executives that were under investigation.
As of Q4 2023 end, 34 out of the 933 hedge funds profiled by Insider Monkey had invested in the company. Archer-Daniels-Midland Company (NYSE:ADM)’s largest hedge fund shareholder is Cliff Asness’s AQR Capital Management through its $158 million stake.
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2. Koninklijke Ahold Delhaize N.V. (AMS:AD.AS)
Latest Trailing 12 Month Revenue: $95.86 billion
Koninklijke Ahold Delhaize N.V. (AMS:AD.AS) is a Dutch company headquartered in Zaandam, the Netherlands. Like other retailers, inflation also made operations tough in 2023. However, the firm reported a 4.3% operating margin for its fourth quarter of 2023 in February 2024, which ended up beating analyst estimates of 4%. Koninklijke Ahold Delhaize N.V. (AMS:AD.AS)’s latest results also saw management share that margins for 2024 should be higher than 4%, and that its free cash flow for the year could sit at €2.3 billion.
1. Nestlé S.A. (OTC:NSRGY)
Latest Trailing 12 Month Revenue: $102.88 billion
Nestlé S.A. (OTC:NSRGY) is undoubtedly the biggest food company in the world. It is a global brand and is based in Vevey, Switzerland. Nestlé S.A. (OTC:NSRGY) has a diversified base of products that cover cereals, coffee, confectionery, chocolate, and drinks. However, 2024 has also seen a sizeable group of Nestlé S.A. (OTC:NSRGY) investors demand that the firm stop selling chocolates and focus on healthy foods instead.
Disclosure: None. You can also take a look at 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts and 20 Largest Companies in the World by Market Cap in 2024.
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