Is Beyond Meat Too Big to Swallow?

Beyond Meat, Inc. (NASDAQ: BYND) is one of the fastest growing food companies in the United States, offering an alternative choice to animal meat  and offering plant-based meats.

Beyond Meat, Inc. (BYND) Nasdaq Beyond Meat announced it will be expanding into the China Market with a new distribution deal the stock Rose in early morning trade. Beyond Meat will continue to distribute its food through Sinodis a division of the French dairy maker and distributor Savencia. Chuck Muth said in a news release. “China is an important market given its large population and interest in plant-based proteins.”

Beyond meat was able to take an edge over meat  due to the  fact that meat distribution was seriously hampered by the Coronavirus pandemic.

  • First Quarter 2020 Net Revenues Increased 141% Year-Over-Year to $97.1 Million
  • Gross Profit Improved to $37.7 Million or 38.8% Gross Margin
  • Net income of $1.8 Million or $0.03 per Common Diluted Share
  • Source: https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2020-financial-results

Ethan Brown. Ethan Brown is the founder of Beyond Meat and has served as our President and Chief Executive Officer. Mr. Brown began his career with a focus on clean energy and the environment, serving as an energy analyst for the National Governors’ Center for Best Practices. Brown then joined Ballard Power Systems (NASDAQ: BLDP), a hydrogen fuel-cell company. Source: https://investors.beyondmeat.com/board-member-management/ethan-brown/

Top Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Group, Inc. (The)          3,137,839             Mar 30, 2020      5.04%    208,980,077

Susquehanna International Group, LLP   2,246,152             Mar 30, 2020      3.61%    149,593,723

Blackrock Inc.     1,263,717             Mar 30, 2020      2.03%    84,163,552

Barclays PLC       854,226                 Mar 30, 2020      1.37%    56,891,451

Credit Suisse Ag/  540,943             Mar 30, 2020      0.87%    36,026,803

Top  Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Total Stock Market Index Fund              1,127,143             Dec 30, 2019       1.81%    85,212,010

Vanguard Small-Cap Index Fund 999,493                 Dec 30, 2019       1.61%    75,561,670

Vanguard Small Cap Value Index Fund    307,908                 Dec 30, 2019       0.49%    23,277,844

 

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