Vontobel Holding Ltd. Buys 733,168 Shares of Beyond Meat, Inc. (NASDAQ:BYND)

Vontobel Holding Ltd. grew its holdings in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 128.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302,941 shares of the company's stock after purchasing an additional 733,168 shares during the period. Vontobel Holding Ltd. owned about 2.00% of Beyond Meat worth $4,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Beyond Meat by 17.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company's stock worth $178,000 after buying an additional 3,902 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Beyond Meat during the 3rd quarter valued at about $128,000. Charles Schwab Investment Management Inc. grew its stake in shares of Beyond Meat by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company's stock worth $3,545,000 after acquiring an additional 7,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company's stock valued at $257,000 after purchasing an additional 5,419 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Beyond Meat during the fourth quarter valued at approximately $39,000. Institutional investors own 52.48% of the company's stock.

Insider Buying and Selling 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 value of $1,173,750.00. Following the transaction, the insider now owns 1,703,288 shares in the company, valued at $6,387,330. This represents a 15.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is owned by corporate insiders.

Beyond Meat Trading Down 1.8 %

BYND stock traded down $0.08 on Wednesday, hitting $4.32. The company had a trading volume of 9,360,338 shares, compared to its average volume of 3,413,286. The stock has a market cap of $281.66 million, a price-to-earnings ratio of -1.03 and a beta of 2.31. The stock's 50-day simple moving average is $3.86 and its 200 day simple moving average is $5.21. Beyond Meat, Inc. has a 12-month low of $3.30 and a 12-month high of $12.12.

Beyond Meat Company 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.