UBS Group AG Grows Position in Beyond Meat, Inc. $BYND

UBS Group AG grew its position in Beyond Meat, Inc. (NASDAQ:BYND) by 674.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,788,528 shares of the company’s stock after acquiring an additional 8,525,183 shares during the quarter. UBS Group AG’s holdings in Beyond Meat were worth $8,027,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Banco Santander S.A. purchased a new position in Beyond Meat in the third quarter valued at approximately $25,000. Russell Investments Group Ltd. grew its stake in Beyond Meat by 400.2% during the third quarter. Russell Investments Group Ltd. now owns 14,786 shares of the company’s stock worth $28,000 after buying an additional 11,830 shares during the period. Savant Capital LLC acquired a new stake in shares of Beyond Meat in the third quarter worth $28,000. Pitcairn Co. purchased a new position in shares of Beyond Meat in the 2nd quarter valued at $37,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Beyond Meat in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Insiders Place Their Bets

In other news, insider Teri L. Witteman sold 29,978 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $1.00, for a total value of $29,978.00. Following the sale, the insider owned 4,178,194 shares in the company, valued at approximately $4,178,194. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Lubi Kutua sold 419,042 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $0.60, for a total transaction of $251,425.20. Following the transaction, the chief financial officer directly owned 5,749,967 shares in the company, valued at $3,449,980.20. The trade was a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

BYND has been the topic of several recent research reports. Zacks Research lowered shares of Beyond Meat from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Beyond Meat in a research report on Wednesday, January 21st. BMO Capital Markets reduced their price objective on Beyond Meat from $4.00 to $1.00 and set a “market perform” rating on the stock in a research note on Monday, April 6th. Finally, Barclays decreased their target price on Beyond Meat from $1.00 to $0.50 and set an “underweight” rating for the company in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Beyond Meat currently has an average rating of “Strong Sell” and a consensus price target of $0.83.

Beyond Meat Stock Down 5.2%

Shares of BYND opened at $0.76 on Tuesday. The business’s 50 day moving average is $0.77 and its two-hundred day moving average is $0.91. Beyond Meat, Inc. has a 52-week low of $0.50 and a 52-week high of $7.69. The firm has a market cap of $392.74 million, a price-to-earnings ratio of -0.34 and a beta of 2.85.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $58.21 million during the quarter, compared to the consensus estimate of $58.02 million. Beyond Meat had a net margin of 54.95% and a negative return on equity of 54.39%. On average, equities analysts expect that Beyond Meat, Inc. will post -0.35 earnings per share for the current fiscal year.

Beyond Meat Profile

Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins. Since its founding in 2009 by Ethan Brown and initial public offering in 2019, the company has focused on leveraging proprietary technology and ingredient blends to produce a suite of products that cater to both retail and foodservice channels. Beyond Meat’s mission centers on offering more sustainable protein options by reducing reliance on livestock farming and its associated environmental footprint.

The company’s product portfolio includes Beyond Burger, Beyond Sausage, Beyond Beef and Beyond Chicken, each formulated to appeal to a broad range of consumers seeking meat alternatives without compromising on flavor or cooking versatility.