Bank of New York Mellon Corp Acquires 10,540 Shares of Beyond Meat, Inc. (NASDAQ:BYND)

Bank of New York Mellon Corp raised its holdings in Beyond Meat, Inc. (NASDAQ:BYND) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,668 shares of the company’s stock after acquiring an additional 10,540 shares during the period. Bank of New York Mellon Corp owned about 0.32% of Beyond Meat worth $773,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its stake in shares of Beyond Meat by 128.7% during the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock valued at $4,899,000 after purchasing an additional 733,168 shares in the last quarter. Zweig DiMenna Associates LLC bought a new position in Beyond Meat in the 4th quarter valued at approximately $1,746,000. Rhumbline Advisers boosted its position in Beyond Meat by 61.2% during the 4th quarter. Rhumbline Advisers now owns 131,327 shares of the company’s stock worth $494,000 after buying an additional 49,875 shares during the period. Intech Investment Management LLC bought a new stake in Beyond Meat during the 3rd quarter worth approximately $128,000. Finally, Ballentine Partners LLC acquired a new position in Beyond Meat in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

Beyond Meat Stock Down 3.0 %

Shares of NASDAQ BYND opened at $3.24 on Thursday. The company has a market capitalization of $246.66 million, a PE ratio of -0.78 and a beta of 2.36. Beyond Meat, Inc. has a twelve month low of $2.86 and a twelve month high of $10.31. The firm has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $4.75.

Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.21). The firm had revenue of $76.66 million during the quarter, compared to analysts’ expectations of $76.08 million. As a group, equities analysts expect that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

BYND has been the topic of a number of recent research reports. BMO Capital Markets cut their price target on shares of Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Barclays cut their target price on Beyond Meat from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Thursday, February 27th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Beyond Meat presently has an average rating of “Reduce” and a consensus target price of $4.92.

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.