Vontobel Holding Ltd. Has $3.86 Million Holdings in Beyond Meat, Inc. (NASDAQ:BYND)

Vontobel Holding Ltd. boosted its holdings in Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 91.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 569,773 shares of the company's stock after acquiring an additional 272,240 shares during the quarter. Vontobel Holding Ltd. owned 0.88% of Beyond Meat worth $3,863,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its stake in shares of Beyond Meat by 117.4% during the first quarter. Banque Cantonale Vaudoise now owns 3,220 shares of the company's stock valued at $26,000 after acquiring an additional 1,739 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Beyond Meat during the 2nd quarter valued at $41,000. ProShare Advisors LLC acquired a new position in shares of Beyond Meat during the 1st quarter valued at $88,000. EntryPoint Capital LLC raised its stake in shares of Beyond Meat by 77.1% in the 1st quarter. EntryPoint Capital LLC now owns 17,685 shares of the company's stock worth $146,000 after buying an additional 7,699 shares in the last quarter. Finally, Farallon Capital Management LLC acquired a new stake in shares of Beyond Meat in the first quarter valued at $157,000. Institutional investors and hedge funds own 52.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BYND shares. Mizuho lowered their target price on Beyond Meat from $6.00 to $5.00 and set an "underperform" rating on the stock in a report on Monday, August 26th. BMO Capital Markets cut their target price on Beyond Meat from $9.00 to $6.00 and set a "market perform" rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $5.36.

Beyond Meat Price Performance

Beyond Meat stock traded up $0.03 during trading hours on Friday, hitting $6.39. The company had a trading volume of 1,995,146 shares, compared to its average volume of 2,946,316. The firm's fifty day moving average is $6.33 and its 200-day moving average is $6.67. The firm has a market capitalization of $414.62 million, a P/E ratio of -1.24 and a beta of 2.26. Beyond Meat, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $12.12.

Beyond Meat (NASDAQ:BYND - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.02). The company had revenue of $93.19 million during the quarter, compared to analyst estimates of $87.81 million. The company's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted ($0.83) EPS. Analysts anticipate that Beyond Meat, Inc. will post -2.12 earnings per share for the current year.

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.