Swiss National Bank acquired a new position in shares of Beyond Meat (NASDAQ:BYND) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 29,000 shares of the company’s stock, valued at approximately $2,192,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its holdings in shares of Beyond Meat by 23.4% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 475 shares of the company’s stock worth $36,000 after acquiring an additional 90 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Beyond Meat by 37.8% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 151 shares during the period. Institutional & Family Asset Management LLC boosted its holdings in shares of Beyond Meat by 20,000.0% during the third quarter. Institutional & Family Asset Management LLC now owns 201 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Metropolitan Life Insurance Co NY acquired a new stake in shares of Beyond Meat during the third quarter worth approximately $47,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Beyond Meat by 99.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 657 shares of the company’s stock worth $50,000 after purchasing an additional 327 shares during the period. Institutional investors own 28.91% of the company’s stock.
In other Beyond Meat news, insider Charles Muth sold 8,000 shares of Beyond Meat stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $111.28, for a total transaction of $890,240.00. Following the sale, the insider now owns 214,688 shares in the company, valued at $23,890,480.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 20,046 shares of company stock worth $2,135,130 in the last quarter.
Shares of Beyond Meat stock traded up $4.33 during midday trading on Wednesday, hitting $99.76. The company had a trading volume of 200,121 shares, compared to its average volume of 7,440,359. The business’s 50 day simple moving average is $113.35 and its two-hundred day simple moving average is $111.56. The stock has a market cap of $5.91 billion and a PE ratio of -87.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.46 and a quick ratio of 6.38. Beyond Meat has a 1-year low of $45.00 and a 1-year high of $239.71.
Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $98.50 million during the quarter, compared to analyst estimates of $81.52 million. Beyond Meat had a positive return on equity of 1.63% and a negative net margin of 4.18%. The business’s revenue for the quarter was up 212.7% compared to the same quarter last year. On average, sell-side analysts expect that Beyond Meat will post 0.35 EPS for the current fiscal year.
Several research firms recently commented on BYND. UBS Group raised their price target on shares of Beyond Meat from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Berenberg Bank set a $100.00 price target on shares of Beyond Meat and gave the company a “buy” rating in a research report on Friday, February 28th. BNP Paribas dropped their price target on shares of Beyond Meat from $70.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their price target on shares of Beyond Meat from $106.00 to $117.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, BidaskClub lowered shares of Beyond Meat from a “hold” rating to a “sell” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $112.80.
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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