Intech Investment Management LLC Invests $128,000 in Beyond Meat, Inc. (NASDAQ:BYND)

Intech Investment Management LLC bought a new position in shares of Beyond Meat, Inc. (NASDAQ:BYND) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 18,925 shares of the company’s stock, valued at approximately $128,000.

A number of other institutional investors have also modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Beyond Meat by 42.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company’s stock worth $4,240,000 after purchasing an additional 186,996 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Beyond Meat by 91.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company’s stock worth $3,863,000 after purchasing an additional 272,240 shares during the period. Susquehanna Fundamental Investments LLC grew its holdings 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. The Manufacturers Life Insurance Company grew its holdings in shares of Beyond Meat by 17.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock worth $178,000 after purchasing an additional 3,902 shares during the period. Finally, Ensign Peak Advisors Inc grew its holdings in shares of Beyond Meat by 7.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 36,493 shares of the company’s stock worth $245,000 after purchasing an additional 2,650 shares during the period. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Mizuho decreased their price target on Beyond Meat from $6.00 to $5.00 and set an “underperform” rating for the company in a report on Monday, August 26th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.50.

Beyond Meat Stock Up 1.3 %

NASDAQ BYND opened at $4.55 on Friday. The stock has a market cap of $296.66 million, a PE ratio of -1.09 and a beta of 2.22. Beyond Meat, Inc. has a fifty-two week low of $4.46 and a fifty-two week high of $12.12. The business has a 50 day moving average price of $5.81 and a two-hundred day moving average price of $6.28.

Beyond Meat (NASDAQ:BYND) last announced its earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.03. The business had revenue of $81.01 million during the quarter, compared to analyst estimates of $80.13 million. During the same period in the previous year, the company earned ($1.09) earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Beyond Meat, Inc. will post -2.09 EPS for the current fiscal 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.