NEW YORK ( TheStreet) -- Inventure Foods ( SNAK), Pilgrim's Pride ( PPC), Tyson Foods ( TSN), General Mills ( GIS) and Kraft Foods ( KFT) are food stocks with up to 66% upside, based on analysts' estimates.

These stocks have mean upside value of 29% over the next 12 months, according to analysts polled by Bloomberg.

5. General Mills ( GIS) is a global manufacturer and marketer of consumer foods sold through retail stores. The company has manufacturing facilities in 15 countries and a marketing network in more than 100 countries.

Net sales grew 9% to $3.85 billion during the first quarter of fiscal 2012. Bakeries and international operations, accounting for two-fifths of the revenue pie, grew 13% and 30%, respectively, higher than the 3% U.S. retail segment growth with sales of $2.5 billion.

Cash from operating activities increased to $441 million in the quarter, up from $178 million from the same quarter last year due to a reduction in working capital during the period. During the first quarter, General Mills repurchased three million shares of stock for a consideration of $110 million.

Management has reaffirmed fiscal 2012 earnings per share guidance of $2.59 to $2.61. The stock is trading at 15.1 times its estimated 2011 earnings.

4. Kraft Foods ( KFT) manufactures and markets packaged food products including biscuits, confectionery, beverages, cheese, convenient meals and packaged grocery products.

The company reported 13% increase in net revenue for 2011 second quarter to $13.9 billion. Organic net revenue grew 7.1% and pricing delivered 5.5% rise, riding on robust growth across all geographies. For the quarter, operating income was $1.8 billion and operating income margin was 13%. Revenue from Europe and the developing markets grew faster than in North America in the recent quarter.

During 2010, sales increased to $49.2 billion, up 27% from 2009. Gross profit margin expanded 40 basis points to 36.4%. Net income improved 36% to $4.1 billion in 2010.

The company expects organic net revenue growth of at least 5% and operating EPS of $2.2 to $2.5. Analysts foresee 12% upside for the stock in the next one year. The stock is trading at 15.4 times its estimated 2011 earnings.

3. Tyson Foods ( TSN) produces, distributes and markets chicken, beef, pork, prepared foods and related products.

During the third quarter of fiscal 2011, net revenue was $8.2 billion, up 11% from the same period last year. Overall, operating margin for the first quarter stood at 3.8%. Donnie Smith, CEO of Tyson Foods. "The Pork segment's returns were above the new normalized range; the Beef segment was near the upper end of its range; and our Prepared Foods segment was just under its range."

For fiscal 2011, sales are expected to exceed $32 billion and net interest expense for the period is estimated at $235 million. Net interest expense for fiscal 2010 is estimated at around $200 million, a decrease of $35 million versus fiscal 2011. The stock is trading at 9.5 times its estimated 2011 earnings. The stock has an estimated upside of 18% with 72% buy rating.

2. Inventure Foods ( SNAK) is a marketer and manufacturer of specialty snack food brands.

Net revenue for the second quarter of 2011 was $43.6 million, up 25% from the prior year's second quarter. Revenue from Rader Division stood at $18.7 million, rising 58% from last year and gearing the segment's sales with Jamba rollout.

The healthy and natural portfolio represents 55% of net revenue including brands like T.G.I. Friday and Boulder Canyon, which grew 17% and 24%, respectively, during the quarter. On the operations, Terry McDaniel, CEO of Inventure Foods, said, "Our food products expanded during the first half of 2011 as we added a new Boulder Canyon product, Garden Select Vegetable Crisps, and a new Jamba At-Home Smoothie flavor, Caribbean Passion. For the back half of the year, product pipeline includes T.G.I. Friday's item as well as other new and exciting products."

Analysts expect 4.2% upside in the next one year. The stock is trading at 17 times its estimated 2011 earnings.

1. Pilgrim's Pride ( PPC) produces processed chicken and has operations in the U.S., Mexico and Puerto Rico. The company distributes through retailers and foodservice distributors.

During the first half of 2011, the company's net sales rose to $3.8 billion from $3.35 billion during the same period last year. During the first half, Pilgrim's sales and volume in retail and food service increased. However, export demand continued strong, with export sales up 65% and volumes climbing 50% in the first six months of the year, vs. the same period last year.

Commenting on the operating environment, Bill Lovette, Pilgrim's CEO, said, "Pilgrim's total feed-ingredient purchases through the first six months of 2011 were more than $400 million higher than a year ago. At this time of year we are usually benefitting from stronger market pricing and increased demand from both foodservice and retail, but to date neither that demand nor pricing has materialized."

The stock has underperformed in the last one year, and analysts expect it to appreciate 66% over the next one year with 43% buy rating. The stock is trading at 16 times its estimated 2012 earnings.