Printed on June tenth, 2025 by Bob Ciura
Meals shares are interesting to revenue traders for plenty of causes.
Because the saying goes, everybody has to eat. This implies the foremost meals producers and distributors see regular demand, even throughout financial downturns.
In flip, meals shares have the distinctive potential to proceed paying–and even elevating–their dividends every year, even by recessions.
As well as, many meals shares have excessive dividend yields effectively above the S&P 500 common.
Meals shares are a part of the broader shopper staples sector. The buyer staples sector is dwelling to a number of the most well-known dividend progress shares on this planet.
In actual fact, shopper staples shares are the biggest particular person sector throughout the Dividend Aristocrats, a choose group of 69 shares within the S&P 500 Index with 25+ consecutive years of dividend will increase.
You’ll be able to obtain a replica of the Dividend Aristocrats record by clicking on the hyperlink beneath:

Disclaimer: Positive Dividend just isn’t affiliated with S&P World in any approach. S&P World owns and maintains The Dividend Aristocrats Index. The knowledge on this article and downloadable spreadsheet relies on Positive Dividend’s personal assessment, abstract, and evaluation of the S&P 500 Dividend Aristocrats ETF (NOBL) and different sources, and is supposed to assist particular person traders higher perceive this ETF and the index upon which it’s based mostly. Not one of the data on this article or spreadsheet is official information from S&P World. Seek the advice of S&P World for official data.
Throughout the shopper staples sector, meals shares are identified for notably excessive dividend yields, secure payouts even by recessions, and constant dividend progress.
This text lists the 15 highest-yielding meals shares now, within the Positive Evaluation Analysis Database. The 15 shares are listed by dividend yield, from lowest to highest.
Desk of Contents
Highest-Yielding Meals Inventory #15: Lamb Weston Holdings (LW)
Lamb Weston is without doubt one of the dominant gamers within the frozen potato market, with an estimated 40% market share in North America.
It primarily sells french fries, tater tots, hash browns and different potato-based gadgets to eating places and quick meals chains. The corporate depends on just a few key clients to drive gross sales, with McDonald’s (MCD) particularly accounting for about 13% of Lamb Weston’s whole revenues.
Weston introduced its fiscal Q3 2025 earnings report on April third, 2025. Lamb Weston’s earnings of $1.10 beat expectations however slid from the $1.20 reported in the identical quarter of the prior 12 months. Revenues of $1.52 billion met expectations and grew 4.3% year-over-year.
Whereas earnings proceed to say no from prior ranges, this quarter was a major enchancment as margins have stabilized and buyer demand has began to rebound.
Lamb Weston has a good bit of debt, and its BB+ credit standing from S&P World places it barely beneath funding grade. A steep financial downturn may stress the corporate’s dividend, that stated the corporate’s operations held up alright throughout the pandemic and the comparatively low payout ratio leaves a major margin of security right this moment.
Click on right here to obtain our most up-to-date Positive Evaluation report on LW (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #14: Sysco Corp. (SYY)
Sysco Company is the biggest wholesale meals distributor in the USA. The corporate serves 600,000 places with meals supply, together with eating places, hospitals, colleges, inns, and different services.
Supply: Investor Presentation
On April twenty ninth, 2025, Sysco reported third-quarter outcomes for Fiscal Yr (FY)2025. The corporate reported gross sales of $19.6 billion, up 1.1% from Q3 2024, regardless of a 2.0% decline in U.S. Foodservice quantity. Gross revenue fell 0.8% to $3.6 billion, with gross margin dropping 35 foundation factors to 18.3% attributable to decrease volumes and product combine.
Working revenue decreased 5.7% to $681 million, and adjusted working revenue fell 3.3% to $773 million, pushed by greater working bills from enterprise investments and provide chain prices. Internet earnings dropped 5.6% to $401 million, with adjusted web earnings down 2.9% to $469 million.
Diluted EPS was $0.82, down 3.5%, whereas adjusted EPS remained flat at $0.96. Sysco revised its FY25 steering, projecting 3% gross sales progress and at the least 1% adjusted EPS progress.
Click on right here to obtain our most up-to-date Positive Evaluation report on SYY (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #13: Kellanova Co. (Okay)
Kellanova was based in 1906, the start of what would turn out to be a behemoth within the meals processing business.
Kellanova has all the time centered on breakfast, however in recent times the corporate has additionally expanded to turn out to be an infinite snack producer. The corporate now derives greater than half of its whole income from non-breakfast classes.
It produces about $13 billion in annual income.
Kellanova posted first quarter earnings on Might 1st, 2025, and outcomes had been considerably weak once more, lacking estimates for income and income. Kellanova is affected by weak demand and foreign exchange translation losses as soon as once more.
Adjusted earnings-per-share got here to 90 cents, whereas income was off 3.8% year-over-year to $3.08 billion. Gross sales in North America fell 4% on decrease volumes, primarily from additional softening of snack and frozen class demand. In Europe, gross sales had been off 3% from foreign exchange losses and quantity declines.
Latin America gross sales plummeted 15% on important foreign exchange losses, in addition to quantity declines. Revenue margins had been additionally pressured on greater prices and antagonistic gross sales combine, as earnings missed estimates by greater than 10% throughout the quarter.
Click on right here to obtain our most up-to-date Positive Evaluation report on Okay (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #12: Mondelez Worldwide (MDLZ)
Mondelez was shaped in 1989 on account of the merger between Philip Morris and Basic Meals Corp. It focuses on its core classes of chocolate, biscuits, and baked snacks. The worldwide meals processor manufactures and distributes snacks in additional than 150 nations, producing annual revenues of ~$36 billion.
Its 2024 revenues got here from 37% in Europe, 30% in North America, 20% in Asia, Center East, & Africa, and 14% in Latin America.
Mondelez reported its Q1 2025 outcomes on 4/29/2025. For the quarter, its natural web income progress was 3.1%, pushed by greater costs: the underlying quantity/combine was -3.5% and pricing was 6.6%.
Internet income rose 0.2% year-over-year to $9.3 billion. Natural web income progress of 8.9% in Europe was the strongest, adopted by 3.9% in Latin America. In Asia, Center East, & Africa natural web income progress was 1.8%, whereas it was unfavorable at -3.6% in North America.
The adjusted gross revenue dropped 14% to $3.1 billion, together with an adjusted gross revenue margin contraction of 5.8% to 33.4%.
Mondelez maintained its steering for 2025, as follows: Natural web income progress of ~5% and adjusted EPS to say no by ~10% on a continuing foreign money foundation attributable to “unprecedented cocoa price inflation”. It additionally continues to anticipate to generate free money circulate of greater than $3 billion.
Click on right here to obtain our most up-to-date Positive Evaluation report on MDLZ (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #11: Hershey Firm (HSY)
The Hershey Firm, based in 1894, is a chocolate and sugar confectionary merchandise producer that sells main manufacturers reminiscent of Hershey’s, Reese’s, Kisses, Cadbury, Ice Breakers, Package Kat, Almond Pleasure, Jolly Rancher, Twizzlers, Heath, and Milk Duds.
Hershey primarily operates in North America however has worldwide operations as effectively. The corporate is headquartered in Hershey, PA.
On Might 1st, 2025, Hershey reported monetary outcomes for the primary quarter of fiscal 2025. The North America Confectionary section (82% of gross sales) noticed its gross sales lower -15% over the prior 12 months’s quarter attributable to abnormally excessive inventories within the second quarter of 2024.
Earnings-per-share fell -32%, from $3.07 to $2.09, however beat the analysts’ consensus by $0.16, primarily due to an efficient hedging technique, which partly offset the impact of exceptionally excessive cocoa costs.
Hershey is dealing with a particularly sturdy headwind from sky-high cocoa costs, which squeeze the revenue margins of the chocolate maker. The corporate reiterated its weak steering for 2025, anticipating a ~35% decline in earnings-per-share.
Click on right here to obtain our most up-to-date Positive Evaluation report on HSY (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #10: Tyson Meals (TSN)
Tyson Meals, based in 1935, is one the world’s largest processors and entrepreneurs of hen, beef, and pork merchandise. Tyson Meals sells merchandise to main grocery chains, meals franchises, and navy commissaries in over 100 nations.
Properly-known manufacturers embrace Tyson, Jimmy Dean, Hillshire Farm, Ball Park and State Honest. The generated $53.3 billion in income final 12 months.
On Might fifth, 2025, Tyson Meals launched its Fiscal Q2 outcomes for the interval ending March twenty ninth, 2025. For the quarter, gross sales got here in at $13.1 billion, flat in comparison with Q2 2024. Hen volumes rose by 3.0%, whereas beef, pork, and ready meals volumes declined by 1.4%, 3.8%, and a pair of.6%, respectively.
Common promoting costs elevated in beef (8.2%), pork (4.3%), and ready meals (2.3%), however fell in hen (-1.1%) and worldwide/different (-0.9%).
Adjusted working revenue was $515 million, up 27% in comparison with final 12 months, whereas adjusted EPS stood at $0.92, marking a 48% year-over-year enhance.
This efficiency mirrored sturdy execution throughout the enterprise, notably within the hen and ready meals segments, and marked Tyson’s fourth consecutive quarter of year-over-year enchancment in high and adjusted bottom-line outcomes.
Click on right here to obtain our most up-to-date Positive Evaluation report on TSN (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #9: Hormel Meals (HRL)
Hormel Meals was based again in 1891 in Minnesota. Since that point, the corporate has grown right into a juggernaut within the meals merchandise business with practically $10 billion in annual income.
Hormel has stored with its core competency as a processor of meat merchandise for effectively over 100 years, however has additionally grown into different enterprise strains by acquisitions.
Hormel has a big portfolio of category-leading manufacturers. Just some of its high manufacturers embrace embrace Skippy, SPAM, Applegate, Justin’s, and greater than 30 others.
The corporate has elevated its dividend for 59 consecutive years.
Supply: Investor Presentation
Hormel posted second quarter earnings on Might twenty ninth, 2025, and outcomes had been largely in step with expectations. Adjusted earnings-per-share got here to 35 cents, which was a penny forward of estimates.
Income was up fractionally to $2.9 billion, assembly expectations. The corporate noticed a 7% decline in quantity and flat gross sales in each retail and foodservice. Pricing will increase helped to offset that.
Click on right here to obtain our most up-to-date Positive Evaluation report on HRL (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #8: J.M. Smucker Co. (SJM)
The J.M. Smucker firm has grown into a global powerhouse of packaged meals and beverage merchandise together with iconic manufacturers like Smucker’s, Jif and Folgers, together with numerous pet meals manufacturers.
The corporate generated $8 billion in gross sales in every of the final two fiscal years.
Supply: Investor Presentation
In late February, Smucker’s reported (2/27/25) outcomes for the third quarter of fiscal 2025, which ended on January thirty first, 2025. Foreign money-neutral, natural gross sales dipped -1% over the prior 12 months’s quarter, principally attributable to provide chain disruptions.
Adjusted earnings-per-share grew 5%, from $2.49 to $2.61, and exceeded the analysts’ estimates by $0.24. Because of better-than-expected efficiency, Smucker’s barely improved its steering for earnings-per-share in fiscal 2025.
It lowered its steering for progress of gross sales from 7.5%-8.5% to 7.25% however raised its steering for adjusted earnings-per share from $9.70-$10.10 to $9.85-$10.15.
Click on right here to obtain our most up-to-date Positive Evaluation report on SJM (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #7: WK Kellogg Co. (KLG)
WK Kellogg Co. focuses on providing a variety of ready-to-eat cereal merchandise, that includes well-liked manufacturers reminiscent of Frosted Flakes, Particular Okay, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi.
On Might sixth, 2025, WK Kellogg posted its Q1 outcomes for the interval ending March twenty ninth, 2025. This was WK Kellogg’s seventh quarter as a standalone firm following its separation from Kellanova. For the quarter, the corporate’s web gross sales got here in at $663 million, down 6.2% from the prior-year interval.
Whereas the value/combine was up 3.0%, quantity was down 8.6%. In different phrases, worth elasticity and lowered retailer stock had been the primary drivers of the decline in revenues.
Regardless of decrease revenues, first-quarter adjusted EBITDA got here in at $72 million, reflecting a 4.0% year-over-year lower. Notably, the corporate’s adjusted EBITDA margin rose by 20 foundation factors to 10.8%, attributable to improved gross margin and disciplined price administration.
Internet revenue was $18 million, down from $33 million final 12 months. On a per-share foundation, the web revenue was $0.20, in comparison with web revenue per share of $0.38 reported in the identical interval final 12 months.
Administration lowered its fiscal 2025 natural web gross sales projections to a variety of -2.0% to -3.0%. Adjusted EBITDA progress is now projected to be flat to -2.0%.
Click on right here to obtain our most up-to-date Positive Evaluation report on KLG (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #6: PepsiCo Inc. (PEP)
PepsiCo is a world meals and beverage firm. Its merchandise embrace Pepsi, Mountain Dew, Frito-Lay chips, Gatorade, Tropicana orange juice and Quaker meals.
Its enterprise is cut up roughly 60-40 by way of meals and beverage income. It is usually balanced geographically between the U.S. and the remainder of the world.
Supply: Investor Presentation
On April twenty fourth, 2025, PepsiCo reported first quarter earnings outcomes for the interval ending March thirty first, 2025. For the quarter, income fell 1.8% to $17.9 billion, however this beat expectations by $190 million.
Adjusted earnings-per-share of $1.48 in contrast unfavorably to $1.61 the prior 12 months and was $0.01 beneath estimates. Foreign money trade lowered income by 3% and earnings-per-share by 4%.
Natural gross sales grew 1% for the primary quarter. For the interval, quantity for drinks was flat whereas meals decreased 3%. PepsiCo Drinks North America’s income grew 1% for the interval whilst quantity was down 3%.
Income for Frito Lay North America declined 2% and quantity declined 1%.
Click on right here to obtain our most up-to-date Positive Evaluation report on PEP (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #5: Basic Mills (GIS)
Basic Mills is a packaged meals large, with greater than 100 manufacturers and operations in additional than 100 nations. Basic Mills has not lower its dividend for 125 consecutive years.
In mid-March, Basic Mills reported (3/19/25) outcomes for Q3-2025. Internet gross sales and natural gross sales fell -5% every over the prior 12 months’s quarter, primarily attributable to retailer stock reductions. It was the second-worst decline within the final 5 years.
Gross margin expanded from 33.5% to 33.9%, as price financial savings offset enter inflation. Adjusted earnings-per-share decreased -15%, from $1.18 to $1.00, however exceeded the analysts’ consensus by $0.04.
Basic Mills is dealing with robust comparisons, because the pandemic has subsided. It generates 85% of its gross sales from at-home meals demand. It is usually dealing with excessive price inflation, which is more likely to persist for some time. As well as, it’s at present investing in its pet enterprise to reinvigorate progress, on the expense of short-term earnings.
In consequence, the corporate lowered its already cautious steering for fiscal 2025. It expects a 1.5%-2% decline in natural gross sales and a 7%-8% decline in earnings per-share (vs. a 2% decline in earlier steering).
Click on right here to obtain our most up-to-date Positive Evaluation report on GIS (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #4: Campbell Soup (CPB)
Campbell Soup Firm is a multinational meals firm headquartered in Camden, N.J. The corporate manufactures and markets branded comfort meals merchandise, reminiscent of soups, easy meals, drinks, snacks, and packaged recent meals.
The corporate’s portfolio focuses on two particular companies: Campbell Snacks, and Campbell Meals and Drinks. Campbell generated annual gross sales of $9.6 billion in fiscal 2024.
On March 12, 2024, Campbell closed on its acquisition of Sovos Manufacturers (SOVO) for $23 per share in money, which represented a complete enterprise worth of $2.7 billion, and was funded by issuing new debt. Sovos is a frontrunner in excessive progress premium Italian sauces, and owns the market-leading Rao’s model.
Campbell Soup reported second quarter FY 2025 outcomes on March fifth, 2025. Internet gross sales for the quarter improved by 9% year-over-year to $2.7 billion. This enhance was principally a results of the Sovos Manufacturers acquisition. Adjusted EPS was 8% decrease year-over-year at $0.74 for the quarter, which beat expectations by two cents.
The corporate repurchased $56 million value of shares in H1. There stays $301 million remaining below the present $500 million share repurchase program, which is along with the prevailing $205 million remaining on its anti-dilutive share repurchase program.
Management up to date its full-year fiscal 2025 steering. Administration now estimates that in fiscal 2025, Campbell’s adjusted earnings per share will probably be down 1% to 4%.
Click on right here to obtain our most up-to-date Positive Evaluation report on CPB (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #3: Flowers Meals (FLO)
Flowers Meals opened its first bakery in 1919 and has since turn out to be one of many largest producers of packaged bakery meals in the USA, working 46 bakeries in 18 states.
Properly-known manufacturers embrace Marvel Bread, Residence Satisfaction, Nature’s Personal, Dave’s Killer Bread, Tastykake and Canyon Bakehouse.
The corporate operates in two segments: Direct Retailer-Supply (DSD) and Warehouse Supply, with ~85% of the corporate’s product being delivered on to shops.
Contemporary breads, buns, rolls, and tortillas make up a few three-fourths of the enterprise, with gross sales channels cut up between Supermarkets, Mass Merchandisers, Foodservice, and Comfort Retailer.
On Might sixteenth, 2025, Flowers Meals reported first quarter outcomes for the interval ending April nineteenth, 2025. For the quarter, income decreased 1.4% to $1.55 billion and was $50 million lower than anticipated. Adjusted earnings-per-share of $0.35 in comparison with $0.38 final 12 months and was $0.02 beneath estimates.
For the quarter, Branded Retail gross sales decreased 0.4% to $1.011 million as pricing was decrease by 0.9% and quantity was down 1.9%. Easy Mills added 2.4%. Different gross sales fell 3.3% to $543 million as a 0.4% profit from pricing and blend was offset by a 3.7% decline in quantity.
Click on right here to obtain our most up-to-date Positive Evaluation report on FLO (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #2: Kraft-Heinz Co. (KHC)
Kraft-Heinz is a processed meals and drinks firm which owns a product portfolio that features meals merchandise reminiscent of condiments, sauces, cheese & dairy, frozen & chilled meals, and toddler weight-reduction plan & diet.
When The Kraft-Heinz Firm reported its first quarter earnings outcomes, the corporate reported that its revenues totaled $6.0 billion throughout the quarter, which was down 6.4% in comparison with the revenues that Kraft-Heinz generated throughout the earlier 12 months’s interval.
This was barely worse than what the analyst neighborhood had anticipated, because the consensus estimate was missed by $20 million. Kraft-Heinz’ natural gross sales had been down by 4.7%.
Kraft-Heinz generated earnings-per-share of $0.62 throughout the first quarter, which was above the consensus estimate. Earnings-per-share had been down 10% versus the earlier 12 months’s quarter, which was a weaker outcome in comparison with the earlier quarter, when earnings-per-share had been up 8% year-over-year.
Kraft-Heinz’ administration said that they see natural web gross sales declining by round 2.5% in 2025, whereas administration is forecasting earnings-per-share to come back in between $2.51 and $2.67 for the present 12 months. This could imply a decline of round 15% versus the earlier 12 months.
Click on right here to obtain our most up-to-date Positive Evaluation report on KHC (preview of web page 1 of three proven beneath):
Highest-Yielding Meals Inventory #1: Conagra Manufacturers (CAG)
Conagra has well-known manufacturers like Slim Jim, Wholesome Selection, Marie Callender’s, Orville Redenbacher’s, Reddi Whip, Birds Eye, Vlasic, Hunt’s, and PAM.
On April third, 2025, Conagra reported third quarter outcomes for the interval ending February 25, 2025. For the quarter, web gross sales declined 6.3% year-over-year to $2.8 billion, the results of a 5.2% discount of natural web gross sales, a 0.7% decline attributable to foreign money trade , and a unfavorable influence of -0.4% attributable to M&A.
Quantity declined 3.1%. Adjusted EPS decreased 26% to $0.51, lacking analyst estimates by $0.02. At quarter-end, the corporate had web debt of $8.1 billion, and a web leverage ratio of three.59X.
Conagra reiterated its fiscal 2025 steering, anticipating natural web gross sales to say no by -2% in comparison with FY 2024. Adjusted working margin is more likely to are available in at 14.4%, and adjusted EPS is anticipated to say no from FY 2024 to $2.35.
Click on right here to obtain our most up-to-date Positive Evaluation report on CAG (preview of web page 1 of three proven beneath):
Remaining Ideas
Excessive-yield dividend shares have nice enchantment to revenue traders. The S&P 500 Index yields simply ~1.2% proper now on common, making excessive yield shares much more engaging by comparability.
The 15 meals shares on this record have yields at the least double the S&P 500 Index common. And, every of those shares has a demonstrated observe report of elevating their dividends through the years.
In consequence, revenue traders might discover these 15 meals shares engaging.
Additional Studying
In case you are excited by discovering high-quality dividend progress shares and/or different high-yield securities and revenue securities, the next Positive Dividend assets will probably be helpful:
Excessive-Yield Particular person Safety Analysis
Different Positive Dividend Assets
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