Beyond Meat Target of Unusually Large Options Trading (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the target of some unusual options trading activity on Wednesday. Stock traders bought 24,928 call options on the stock. This is an increase of 30% compared to the average volume of 19,190 call options.

Beyond Meat Stock Down 1.8 %

Shares of NASDAQ:BYND opened at $4.32 on Thursday. Beyond Meat has a 12 month low of $3.30 and a 12 month high of $12.12. The company’s fifty day simple moving average is $3.86 and its 200 day simple moving average is $5.21. The firm has a market cap of $281.66 million, a price-to-earnings ratio of -1.03 and a beta of 2.31.

Insider Activity

In related news, insider Ethan Brown sold 313,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were 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 in the company, valued at $6,387,330. This represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BYND. Geode Capital Management LLC lifted its stake in shares of Beyond Meat by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,432,180 shares of the company’s stock worth $5,387,000 after buying an additional 18,438 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Beyond Meat by 128.7% during the 4th quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock worth $4,899,000 after buying an additional 733,168 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Beyond Meat by 73.8% during the 4th quarter. Millennium Management LLC now owns 619,957 shares of the company’s stock worth $2,331,000 after buying an additional 263,337 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Beyond Meat by 9.6% during the 4th quarter. Northern Trust Corp now owns 595,612 shares of the company’s stock worth $2,240,000 after buying an additional 52,150 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Beyond Meat by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company’s stock worth $1,982,000 after buying an additional 4,162 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

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.