Bank Julius Baer & Co. Ltd Zurich Purchases Shares of 143,336 Beyond Meat, Inc. (NASDAQ:BYND)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 143,336 shares of the company's stock, valued at approximately $437,000. Bank Julius Baer & Co. Ltd Zurich owned about 0.19% of Beyond Meat at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Beyond Meat by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 205,668 shares of the company's stock valued at $773,000 after acquiring an additional 10,540 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Beyond Meat by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock valued at $1,982,000 after acquiring an additional 4,162 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Beyond Meat in the 4th quarter valued at $49,000. Intech Investment Management LLC raised its holdings in Beyond Meat by 35.6% in the 4th quarter. Intech Investment Management LLC now owns 25,656 shares of the company's stock valued at $96,000 after acquiring an additional 6,731 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Beyond Meat in the 4th quarter valued at $56,000. 52.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays dropped their price objective on Beyond Meat from $3.00 to $2.00 and set an "underweight" rating for the company in a report on Thursday, May 8th.

Beyond Meat Stock Performance

Shares of Beyond Meat stock traded down $0.21 during trading on Friday, reaching $3.64. 3,018,990 shares of the company's stock were exchanged, compared to its average volume of 3,125,347. Beyond Meat, Inc. has a 1-year low of $2.22 and a 1-year high of $9.24. The company has a market cap of $278.35 million, a P/E ratio of -1.60 and a beta of 2.19. The firm's 50-day moving average price is $3.37 and its 200 day moving average price is $3.31.

Beyond Meat (NASDAQ:BYND - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.15). During the same period in the prior year, the business earned ($0.84) earnings per share. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Beyond Meat, Inc. will post -2.1 EPS for the current year.

Beyond Meat Company 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.