Ballentine Partners LLC Acquires New Position in Beyond Meat, Inc. (NASDAQ:BYND)

Ballentine Partners LLC bought a new position in Beyond Meat, Inc. (NASDAQ:BYND) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,493 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BYND. Canada Pension Plan Investment Board purchased a new position in Beyond Meat in the 2nd quarter worth approximately $41,000. Intech Investment Management LLC bought a new stake in shares of Beyond Meat in the 3rd quarter worth $128,000. The Manufacturers Life Insurance Company raised its stake in shares of Beyond Meat by 17.3% in the second 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 last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Beyond Meat by 7.8% during the second quarter. Ensign Peak Advisors Inc now owns 36,493 shares of the company’s stock valued at $245,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock valued at $257,000 after buying an additional 5,419 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

Insider Buying and Selling at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.75, for a total value of $1,173,750.00. Following the transaction, the insider now directly owns 1,703,288 shares of the company’s stock, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.60% of the company’s stock.

Beyond Meat Stock Performance

NASDAQ BYND opened at $4.07 on Monday. Beyond Meat, Inc. has a one year low of $3.30 and a one year high of $12.12. The stock has a 50-day moving average of $4.17 and a 200 day moving average of $5.51. The company has a market capitalization of $265.36 million, a price-to-earnings ratio of -0.97 and a beta of 2.26.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $80.13 million. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.09) earnings per share. On average, equities analysts predict that Beyond Meat, Inc. will post -2.09 earnings per share for the current fiscal year.

Beyond Meat 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.