Van ECK Associates Corp Purchases 4,280 Shares of Beyond Meat, Inc. (NASDAQ:BYND)

Van ECK Associates Corp lifted its stake in Beyond Meat, Inc. (NASDAQ:BYND) by 68.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,498 shares of the company’s stock after purchasing an additional 4,280 shares during the quarter. Van ECK Associates Corp’s holdings in Beyond Meat were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Zweig DiMenna Associates LLC purchased a new stake in Beyond Meat during the 4th quarter valued at $1,746,000. Intech Investment Management LLC bought a new position in shares of Beyond Meat during the 3rd quarter valued at about $128,000. Ballentine Partners LLC purchased a new stake in shares of Beyond Meat during the 4th quarter valued at about $39,000. Charles Schwab Investment Management Inc. raised its position in shares of Beyond Meat by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after buying an additional 7,332 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Beyond Meat by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after purchasing an additional 5,419 shares during the period. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Price Performance

Beyond Meat stock opened at $3.86 on Tuesday. The firm has a market capitalization of $251.68 million, a P/E ratio of -0.92 and a beta of 2.31. The company’s 50-day moving average is $3.87 and its 200 day moving average is $5.19. Beyond Meat, Inc. has a 1-year low of $3.30 and a 1-year high of $12.12.

Insider Transactions at Beyond Meat

In other 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 transaction of $1,173,750.00. Following the transaction, the insider now directly owns 1,703,288 shares in the company, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.60% 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.