MUFG Securities EMEA plc Boosts Stock Position in Beyond Meat, Inc. (NASDAQ:BYND)

MUFG Securities EMEA plc boosted its holdings in Beyond Meat, Inc. (NASDAQ:BYND) by 30.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,113 shares of the company’s stock after purchasing an additional 4,913 shares during the period. MUFG Securities EMEA plc’s holdings in Beyond Meat were worth $188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BYND. Compagnie Lombard Odier SCmA lifted its position in shares of Beyond Meat by 16.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 25,000 shares of the company’s stock valued at $222,000 after buying an additional 3,500 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of Beyond Meat by 5.6% during the 3rd quarter. Gotham Asset Management LLC now owns 31,165 shares of the company’s stock valued at $300,000 after purchasing an additional 1,646 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Beyond Meat by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 483,732 shares of the company’s stock valued at $4,654,000 after purchasing an additional 30,998 shares during the period. Sigma Planning Corp bought a new stake in shares of Beyond Meat during the 3rd quarter valued at $98,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Beyond Meat during the 3rd quarter valued at $161,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BYND. TD Cowen decreased their price objective on Beyond Meat from $10.00 to $6.00 and set a “sell” rating on the stock in a research note on Wednesday, April 17th. Argus upgraded Beyond Meat from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Canaccord Genuity Group decreased their price objective on Beyond Meat from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. BMO Capital Markets decreased their price objective on Beyond Meat from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Finally, Mizuho decreased their target price on Beyond Meat from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Monday, April 22nd. Six investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Beyond Meat currently has an average rating of “Reduce” and a consensus target price of $5.56.

Beyond Meat Trading Down 0.4 %

BYND stock traded down $0.03 during trading on Friday, hitting $7.17. 2,472,890 shares of the company traded hands, compared to its average volume of 3,750,667. Beyond Meat, Inc. has a 1 year low of $5.58 and a 1 year high of $19.25. The company has a 50-day moving average of $7.34 and a 200-day moving average of $7.67.

Beyond Meat (NASDAQ:BYND) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.05). The firm had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $75.24 million. The business’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.92) EPS. As a group, sell-side analysts anticipate that Beyond Meat, Inc. will post -2.11 earnings per share for the current year.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.