Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Invests $2.63 Million in Beyond Meat (NASDAQ:BYND)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Beyond Meat (NASDAQ:BYND) during the fourth quarter, Holdings Channel reports. The firm bought 34,900 shares of the company’s stock, valued at approximately $2,632,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new stake in shares of Beyond Meat in the third quarter worth about $30,000. Institutional & Family Asset Management LLC boosted its stake in shares of Beyond Meat by 20,000.0% in the third quarter. Institutional & Family Asset Management LLC now owns 201 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Optimum Investment Advisors purchased a new stake in shares of Beyond Meat in the fourth quarter worth about $32,000. San Francisco Sentry Investment Group CA boosted its stake in shares of Beyond Meat by 23.4% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 475 shares of the company’s stock worth $36,000 after buying an additional 90 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in shares of Beyond Meat in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 10.65% of the company’s stock.

In related news, insider Charles Muth sold 8,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $111.28, for a total value of $890,240.00. Following the completion of the transaction, the insider now owns 214,688 shares of the company’s stock, valued at approximately $23,890,480.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Isaac Stone sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $82.01, for a total value of $1,640,200.00. The disclosure for this sale can be found here. Insiders sold a total of 82,046 shares of company stock valued at $6,909,590 in the last ninety days.

BYND has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded Beyond Meat from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $138.00 to $134.00 in a research note on Tuesday, January 28th. They noted that the move was a valuation call. BNP Paribas lowered their target price on Beyond Meat from $70.00 to $50.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 20th. Goldman Sachs Group restated a “neutral” rating and issued a $122.00 target price on shares of Beyond Meat in a research note on Tuesday, October 29th. UBS Group initiated coverage on Beyond Meat in a research note on Friday, November 8th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Cfra upgraded Beyond Meat from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. Beyond Meat has a consensus rating of “Hold” and an average target price of $112.84.

NASDAQ BYND opened at $116.22 on Friday. Beyond Meat has a twelve month low of $45.00 and a twelve month high of $239.71. The company has a quick ratio of 6.38, a current ratio of 7.46 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $103.25 and a 200 day moving average of $117.43.

Beyond Meat Profile

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

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Want to see what other hedge funds are holding BYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beyond Meat (NASDAQ:BYND).

Institutional Ownership by Quarter for Beyond Meat (NASDAQ:BYND)

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