Beyond Meat, Inc. (NASDAQ:BYND) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 547,899 shares of the company's stock after selling 77,497 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.84% of Beyond Meat worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of BYND. Vontobel Holding Ltd. boosted its stake in Beyond Meat by 128.7% in the 4th quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company's stock worth $4,899,000 after buying an additional 733,168 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Beyond Meat by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock valued at $1,982,000 after purchasing an additional 4,162 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in shares of Beyond Meat during the 4th quarter valued at about $1,746,000. Bank of New York Mellon Corp raised its stake in shares of Beyond Meat by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 205,668 shares of the company's stock valued at $773,000 after purchasing an additional 10,540 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Beyond Meat by 61.2% during the fourth quarter. Rhumbline Advisers now owns 131,327 shares of the company's stock worth $494,000 after purchasing an additional 49,875 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company's stock.

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Beyond Meat Price Performance

Shares of NASDAQ:BYND traded down $0.17 during trading on Friday, reaching $3.14. 2,613,317 shares of the company's stock traded hands, compared to its average volume of 2,996,547. The stock has a market capitalization of $239.05 million, a P/E ratio of -0.75 and a beta of 2.36. Beyond Meat, Inc. has a 12 month low of $2.86 and a 12 month high of $10.31. The company has a 50 day moving average of $3.67 and a 200-day moving average of $4.71.

Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.65) EPS 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 the consensus estimate of $76.08 million. Equities research analysts predict that Beyond Meat, Inc. will post -2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on BYND shares. BMO Capital Markets cut their price objective 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 price objective on Beyond Meat from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Beyond Meat presently has a consensus rating of "Reduce" and an average 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.