Deutsche Bank AG Increases Stock Position in Beyond Meat, Inc. (NASDAQ:BYND)

Deutsche Bank AG lifted its holdings in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 58.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,227 shares of the company’s stock after acquiring an additional 19,708 shares during the period. Deutsche Bank AG owned 0.08% of Beyond Meat worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Beyond Meat by 1.3% during the fourth 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 last quarter. Vontobel Holding Ltd. grew its position in shares of Beyond Meat by 128.7% during the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock worth $4,899,000 after acquiring an additional 733,168 shares during the last quarter. Northern Trust Corp grew its position in shares of Beyond Meat by 9.6% during the fourth quarter. Northern Trust Corp now owns 595,612 shares of the company’s stock worth $2,240,000 after acquiring an additional 52,150 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Beyond Meat by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock worth $1,982,000 after acquiring an additional 4,162 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Beyond Meat during the fourth quarter worth approximately $796,000. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Price Performance

Shares of NASDAQ BYND opened at $3.11 on Tuesday. The stock has a fifty day moving average price of $2.74 and a 200 day moving average price of $3.51. Beyond Meat, Inc. has a 1-year low of $2.23 and a 1-year high of $9.24. The company has a market cap of $237.82 million, a PE ratio of -0.74 and a beta of 2.18.

Beyond Meat (NASDAQ:BYND) last issued 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 period in the previous year, the business earned ($0.84) earnings per share. Beyond Meat’s quarterly revenue was down 9.1% on a year-over-year basis. Analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BYND shares. Barclays lowered their target price on shares of Beyond Meat from $3.00 to $2.00 and set an “underweight” rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets decreased their price target 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.