Beyond Meat, Inc. (NASDAQ:BYND) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 17.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 56,685 shares of the company’s stock after acquiring an additional 8,561 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Beyond Meat worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Beyond Meat by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,432,180 shares of the company’s stock worth $5,387,000 after acquiring an additional 18,438 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Beyond Meat by 128.7% in the 4th quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock valued at $4,899,000 after buying an additional 733,168 shares during the period. Northern Trust Corp lifted its holdings in shares of Beyond Meat by 9.6% in the 4th quarter. Northern Trust Corp now owns 595,612 shares of the company’s stock valued at $2,240,000 after buying an additional 52,150 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Beyond Meat by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock valued at $1,982,000 after buying an additional 4,162 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Beyond Meat in the 4th quarter valued at about $796,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

Beyond Meat Stock Down 1.3%

Shares of Beyond Meat stock opened at $2.94 on Monday. Beyond Meat, Inc. has a twelve month low of $2.23 and a twelve month high of $9.24. The business has a 50-day moving average price of $2.74 and a 200 day moving average price of $3.53. The firm has a market cap of $224.82 million, a PE ratio of -0.70 and a beta of 2.18.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.15). During the same quarter in the previous year, the firm posted ($0.84) earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts expect that Beyond Meat, Inc. will post -2.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Beyond Meat from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Thursday, May 8th. BMO Capital Markets decreased their price objective on Beyond Meat from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, February 27th.

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.