1 day Ago By ABMN Staff
Bank of New York Mellon Corp increased its stake in Beyond Meat, Inc. ( NASDAQ:BYND – Free Report ) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 235,016 shares of the company’s stock after buying an additional 11,800 shares during the period. Bank of New York Mellon Corp’s holdings in Beyond Meat were worth $1,577,000 as of its most recent SEC filing. Other institutional investors also recently added to or reduced their stakes in the company.
Vanguard Group Inc. increased its position in Beyond Meat by 3.0% during the 1st quarter.
Vanguard Group Inc. now owns 5,351,777 shares of the company’s stock valued at $44,313,000 after purchasing an additional 155,653 shares during the period. SG Americas Securities LLC boosted its stake in Beyond Meat by 141.
8% in the 2nd quarter. SG Americas Securities LLC now owns 248,921 shares of the company’s stock worth $1,670,000 after purchasing an additional 145,974 shares in the last quarter. Raymond James & Associates acquired a new stake in Beyond Meat during the 2nd quarter valued at approximately $1,463,000.
Susquehanna Fundamental Investments LLC acquired a new stake in Beyond Meat during the 1st quarter valued at approximately $902,000. Finally, Arbor Capital Management Inc. ADV acquired a new position in shares of Beyond Meat in the 4th quarter valued at $752,000.
Hedge funds and other institutional investors own 52.48% of the company’s stock. Beyond Meat Stock Performance Shares of BYND opened at $6.
29 on Thursday. The company’s 50-day simple moving average is $6.18 and its 200-day simple moving average is $6.
92. Beyond Meat, Inc. has a 1 year low of $5.
13 and a 1 year high of $12.12. The stock has a market capitalization of $408.
13 million, a PE ratio of -1.22 and a beta of 2.25.
Analyst Ratings Changes Several brokerages recently commented on BYND. Mizuho cut their price target on shares of Beyond Meat from $6.00 to $5.
00 and set an “underperform” rating for the company in a report on Monday, August 26th. BMO Capital Markets lowered their price target on shares of 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. Six analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.
com, the stock has a consensus rating of “Reduce” and an average target price of $5.06. Read Our Latest Stock Analysis on BYND 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. See Also 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. ( NASDAQ:BYND – Free Report ). Receive News & Ratings for Beyond Meat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beyond Meat and related companies with MarketBeat.
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