Food & Beverages
39 companies · FY2023
Reading the Food & Beverages CEO Pay Landscape (SIC 20, FY2023)
The Food & Beverages industry, classified under 2-digit SIC code 20, had 39 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 148:1 and the average was 217:1. Median CEO total compensation in the sector was $9.3M, with the sector-wide average at $10.5M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Food & Beverages earned $4.6M, while the 75th percentile CEO earned $15.1M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.
Below you can scan each of the 40 Food & Beverages companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.
Companies in Food & Beverages (40)
| Company | CEO | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| COCA COLA COSEC EDGAR DEF 14A — CIK 21344 | — | $24.7M | $14K | 1,799:1 | 2023 |
| Mondelez International, Inc.SEC EDGAR DEF 14A — CIK 1103982 | — | $21.0M | $33K | 635:1 | 2023 |
| TYSON FOODS, INC.SEC EDGAR DEF 14A — CIK 100493 | — | $22.8M | $43K | 525:1 | 2023 |
| CONSTELLATION BRANDS, INC.SEC EDGAR DEF 14A — CIK 16918 | — | $14.6M | $39K | 374:1 | 2023 |
| Ingredion IncSEC EDGAR DEF 14A — CIK 1046257 | — | $11.1M | $30K | 364:1 | 2023 |
| HERSHEY COSEC EDGAR DEF 14A — CIK 47111 | — | $15.7M | $44K | 360:1 | 2023 |
| CONAGRA BRANDS INC.SEC EDGAR DEF 14A — CIK 23217 | — | $24.0M | $67K | 359:1 | 2023 |
| Coca-Cola Consolidated, Inc.SEC EDGAR DEF 14A — CIK 317540 | — | $19.8M | $56K | 353:1 | 2023 |
| Archer-Daniels-Midland CoSEC EDGAR DEF 14A — CIK 7084 | — | $24.4M | $81K | 300:1 | 2023 |
| MCCORMICK & CO INCSEC EDGAR DEF 14A — CIK 63754 | — | $11.0M | $40K | 275:1 | 2023 |
| Post Holdings, Inc.SEC EDGAR DEF 14A — CIK 1530950 | — | $22.0M | $90K | 244:1 | 2023 |
| GENERAL MILLS INCSEC EDGAR DEF 14A — CIK 40704 | — | $16.1M | $70K | 228:1 | 2023 |
| NATIONAL BEVERAGE CORPSEC EDGAR DEF 14A — CIK 69891 | — | $11.9M | $71K | 169:1 | 2023 |
| B&G Foods, Inc.SEC EDGAR DEF 14A — CIK 1278027 | — | $7.9M | $48K | 167:1 | 2023 |
| CAMPBELL'S CoSEC EDGAR DEF 14A — CIK 16732 | — | $9.7M | $58K | 167:1 | 2023 |
| DARLING INGREDIENTS INC.SEC EDGAR DEF 14A — CIK 916540 | — | $9.3M | $56K | 167:1 | 2023 |
| TreeHouse Foods, Inc.SEC EDGAR DEF 14A — CIK 1320695 | — | $9.4M | $62K | 153:1 | 2023 |
| MOLSON COORS BEVERAGE COSEC EDGAR DEF 14A — CIK 24545 | — | $12.2M | $80K | 152:1 | 2023 |
| Kraft Heinz CoSEC EDGAR DEF 14A — CIK 1637459 | — | — | — | 151:1 | 2023 |
| HORMEL FOODS CORP /DE/SEC EDGAR DEF 14A — CIK 48465 | — | $8.1M | $55K | 148:1 | 2023 |
| J M SMUCKER CoSEC EDGAR DEF 14A — CIK 91419 | — | $10.4M | $78K | 133:1 | 2023 |
| Keurig Dr Pepper Inc.SEC EDGAR DEF 14A — CIK 1418135 | — | $7.6M | $60K | 128:1 | 2023 |
| MARZETTI COSEC EDGAR DEF 14A — CIK 57515 | — | — | — | 123:1 | 2023 |
| Lamb Weston Holdings, Inc.SEC EDGAR DEF 14A — CIK 1679273 | — | $7.0M | $60K | 118:1 | 2023 |
| TOOTSIE ROLL INDUSTRIES INCSEC EDGAR DEF 14A — CIK 98677 | — | $7.3M | $74K | 98:1 | 2023 |
| MEDIFAST INCSEC EDGAR DEF 14A — CIK 910329 | — | $7.0M | $77K | 92:1 | 2023 |
| Utz Brands, Inc.SEC EDGAR DEF 14A — CIK 1739566 | — | $4.1M | $48K | 85:1 | 2023 |
| HAIN CELESTIAL GROUP INCSEC EDGAR DEF 14A — CIK 910406 | — | $5.1M | $60K | 85:1 | 2023 |
| BEYOND MEAT, INC.SEC EDGAR DEF 14A — CIK 1655210 | — | — | — | 83:1 | 2023 |
| BELLRING BRANDS, INC.SEC EDGAR DEF 14A — CIK 1772016 | — | $122K | $122K | 81:1 | 2023 |
| PILGRIMS PRIDE CORPSEC EDGAR DEF 14A — CIK 802481 | — | $2.5M | $33K | 77:1 | 2023 |
| SANFILIPPO JOHN B & SON INCSEC EDGAR DEF 14A — CIK 880117 | — | $5.3M | $74K | 72:1 | 2023 |
| SunOpta Inc.SEC EDGAR DEF 14A — CIK 351834 | — | $3.9M | $68K | 57:1 | 2023 |
| Duckhorn Portfolio, Inc.SEC EDGAR DEF 14A — CIK 1835256 | — | $4.8M | $104K | 46:1 | 2022 |
| Primo Water Corp /CN/SEC EDGAR DEF 14A — CIK 884713 | — | $2.4M | $59K | 41:1 | 2023 |
| Celsius Holdings, Inc.SEC EDGAR DEF 14A — CIK 1341766 | — | $3.3M | $81K | 40:1 | 2023 |
| Simply Good Foods CoSEC EDGAR DEF 14A — CIK 1702744 | — | — | — | 28:1 | 2023 |
| Seneca Foods CorpSEC EDGAR DEF 14A — CIK 88948 | — | $1.2M | $82K | 15:1 | 2023 |
| SOUTH DAKOTA SOYBEAN PROCESSORS LLCSEC EDGAR DEF 14A — CIK 1163609 | — | $1.1M | $82K | 9:1 | 2023 |
| FARMER BROTHERS COSEC EDGAR DEF 14A — CIK 34563 | — | $1.9M | $66K | 5:1 | 2023 |
Frequently Asked Questions
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Read our methodology — how this data is sourced, computed, and verified.