Beyond Meat (NASDAQ:BYND) Trading 3.5% Higher – What’s Next?

Beyond Meat, Inc. (NASDAQ:BYNDGet Free Report) shot up 3.5% on Monday . The company traded as high as $0.7359 and last traded at $0.72. 35,130,298 shares were traded during mid-day trading, an increase of 5% from the average session volume of 33,313,396 shares. The stock had previously closed at $0.6956.

Key Beyond Meat News

Here are the key news stories impacting Beyond Meat this week:

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Meat in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Beyond Meat has a consensus rating of “Strong Sell” and an average price target of $1.70.

View Our Latest Analysis on BYND

Beyond Meat Stock Performance

The firm has a market capitalization of $326.65 million, a P/E ratio of -0.22 and a beta of 2.61. The firm has a 50 day moving average price of $0.79 and a two-hundred day moving average price of $1.31.

Hedge Funds Weigh In On Beyond Meat

A number of hedge funds and other institutional investors have recently modified their holdings of BYND. Geode Capital Management LLC raised its holdings in Beyond Meat by 445.0% during the 4th quarter. Geode Capital Management LLC now owns 9,927,157 shares of the company’s stock worth $8,142,000 after buying an additional 8,105,718 shares during the period. UBS Group AG lifted its holdings in shares of Beyond Meat by 674.8% in the fourth quarter. UBS Group AG now owns 9,788,528 shares of the company’s stock valued at $8,027,000 after purchasing an additional 8,525,183 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Beyond Meat by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,780,045 shares of the company’s stock valued at $9,034,000 after purchasing an additional 69,423 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Beyond Meat by 497.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,383,511 shares of the company’s stock worth $2,774,000 after buying an additional 2,816,778 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of Beyond Meat by 38.0% in the third quarter. Vontobel Holding Ltd. now owns 2,917,994 shares of the company’s stock worth $5,515,000 after buying an additional 804,125 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.

Beyond Meat Company Profile

(Get Free Report)

Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat’s mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.

The company’s product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.

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