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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CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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