Creative Planning Lowers Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

Creative Planning lowered its holdings in Beyond Meat, Inc. (NASDAQ:BYND) by 67.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,723 shares of the company’s stock after selling 26,715 shares during the quarter. Creative Planning’s holdings in Beyond Meat were worth $86,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Beyond Meat by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 5,351,777 shares of the company’s stock worth $44,313,000 after purchasing an additional 155,653 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Beyond Meat by 141.8% during the second quarter. SG Americas Securities LLC now owns 248,921 shares of the company’s stock valued at $1,670,000 after acquiring an additional 145,974 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Beyond Meat by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 235,016 shares of the company’s stock valued at $1,577,000 after acquiring an additional 11,800 shares during the period. Raymond James & Associates acquired a new position in shares of Beyond Meat in the 2nd quarter worth approximately $1,463,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Beyond Meat by 93.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 210,612 shares of the company’s stock worth $1,413,000 after purchasing an additional 101,652 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BYND. BMO Capital Markets cut their target price on Beyond Meat from $9.00 to $6.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Mizuho cut their price objective on Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Beyond Meat presently has an average rating of “Reduce” and a consensus target price of $5.42.

Beyond Meat Trading Down 4.2 %

Shares of NASDAQ BYND opened at $5.05 on Wednesday. The business’s fifty day simple moving average is $6.33 and its 200-day simple moving average is $6.60. Beyond Meat, Inc. has a 12-month low of $5.00 and a 12-month high of $12.12. The stock has a market cap of $328.45 million, a P/E ratio of -1.26 and a beta of 2.28.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. The company had revenue of $81.01 million for the quarter, compared to analyst estimates of $80.13 million. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.09) earnings per share. On average, equities analysts forecast that Beyond Meat, Inc. will post -2.04 EPS for the current fiscal year.

About Beyond Meat

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.