River & Mercantile Asset Management LLP Has $423,000 Stock Position in Beyond Meat, Inc. (NASDAQ:BYND)

River & Mercantile Asset Management LLP trimmed its position in Beyond Meat, Inc. (NASDAQ:BYNDGet Rating) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,904 shares of the company’s stock after selling 1,210 shares during the period. River & Mercantile Asset Management LLP’s holdings in Beyond Meat were worth $423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of Beyond Meat by 114.2% in the second quarter. Northern Trust Corp now owns 559,446 shares of the company’s stock worth $13,393,000 after purchasing an additional 298,321 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Beyond Meat by 2.7% in the third quarter. Vanguard Group Inc. now owns 5,709,781 shares of the company’s stock worth $80,907,000 after purchasing an additional 150,345 shares in the last quarter. Creative Planning lifted its position in shares of Beyond Meat by 1,167.4% in the second quarter. Creative Planning now owns 154,521 shares of the company’s stock worth $3,699,000 after purchasing an additional 142,329 shares in the last quarter. Ergoteles LLC lifted its position in shares of Beyond Meat by 243.6% in the first quarter. Ergoteles LLC now owns 157,407 shares of the company’s stock worth $7,604,000 after purchasing an additional 111,590 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Beyond Meat by 1,988.3% in the third quarter. Federated Hermes Inc. now owns 92,845 shares of the company’s stock worth $1,316,000 after purchasing an additional 88,399 shares in the last quarter. 41.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on BYND shares. Mizuho increased their price target on shares of Beyond Meat from $11.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 24th. Barclays lowered shares of Beyond Meat from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $13.00 to $10.00 in a research report on Monday, November 28th. Argus lowered shares of Beyond Meat from a “hold” rating to a “sell” rating in a research report on Friday, December 9th. Credit Suisse Group reaffirmed an “underperform” rating and set a $10.00 price objective on shares of Beyond Meat in a research report on Monday, February 27th. Finally, Sanford C. Bernstein lifted their price target on shares of Beyond Meat from $10.00 to $18.00 and gave the company a “market perform” rating in a research report on Friday, February 24th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.85.

Beyond Meat Trading Down 1.2 %

Shares of Beyond Meat stock opened at $16.85 on Friday. The company’s fifty day simple moving average is $16.88 and its 200-day simple moving average is $15.88. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -2.93 and a beta of 2.02. Beyond Meat, Inc. has a 1 year low of $11.03 and a 1 year high of $53.47.

Beyond Meat (NASDAQ:BYNDGet Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported ($1.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.13) by $0.08. The business had revenue of $79.94 million for the quarter, compared to the consensus estimate of $75.80 million. Beyond Meat had a negative net margin of 87.40% and a negative return on equity of 400.17%. Beyond Meat’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter last year, the company posted ($1.27) earnings per share. As a group, research analysts forecast that Beyond Meat, Inc. will post -3.47 earnings per share for the current fiscal year.

Beyond Meat Company Profile

(Get Rating)

Beyond Meat, Inc engages in the provision of plant-based meats. Its products include ready-to-cook meat under The Beyond Burger and Beyond Sausage brands, and frozen meat, namely, Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.

See Also

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Institutional Ownership by Quarter for Beyond Meat (NASDAQ:BYND)

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