1 week Ago By ABMN Staff
Bank of Montreal Can acquired a new stake in shares of Beyond Meat, Inc. ( NASDAQ:BYND – Free Report ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,205 shares of the company’s stock, valued at approximately $42,000.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Beyond Meat by 305.
1% in the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company’s stock worth $30,000 after acquiring an additional 5,940 shares during the period.
KLP Kapitalforvaltning AS purchased a new position in shares of Beyond Meat in the 4th quarter valued at about $37,000. Ballentine Partners LLC acquired a new position in shares of Beyond Meat during the 4th quarter worth approximately $39,000. Van ECK Associates Corp raised its position in Beyond Meat by 68.
8% during the fourth quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after acquiring an additional 4,280 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of Beyond Meat during the 4th quarter worth about $40,000.
Hedge funds and other institutional investors own 52.48% of the company’s stock. Analyst Ratings Changes A number of brokerages have weighed in on BYND.
BMO Capital Markets decreased their price objective on 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 decreased their price objective on Beyond Meat from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Thursday, February 27th.
Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $4.70.
Beyond Meat Stock Down 0.4 % Beyond Meat stock opened at $2.54 on Friday.
The company’s 50 day moving average is $3.14 and its two-hundred day moving average is $4.15.
The firm has a market cap of $194.01 million, a PE ratio of -0.61 and a beta of 2.
38. Beyond Meat, Inc. has a 52-week low of $2.
50 and a 52-week high of $10.31. Beyond Meat ( NASDAQ:BYND – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 26th.
The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.
21). The firm had revenue of $76.66 million during the quarter, compared to analyst estimates of $76.
08 million. On average, equities research analysts anticipate that Beyond Meat, Inc. will post -2.
1 earnings per share for the current fiscal year. Beyond Meat Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding BYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beyond Meat, Inc.
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