Beyond Meat, Inc. (NASDAQ:BYND) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of Beyond Meat, Inc. (NASDAQ:BYND - Free Report) by 35.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,758,904 shares of the company's stock after purchasing an additional 455,963 shares during the quarter. Vontobel Holding Ltd. owned approximately 2.30% of Beyond Meat worth $5,365,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BYND. Charles Schwab Investment Management Inc. grew its stake in shares of Beyond Meat by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,056 shares of the company's stock worth $1,982,000 after acquiring an additional 4,162 shares during the period. ProShare Advisors LLC boosted its position in shares of Beyond Meat by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 16,825 shares of the company's stock valued at $63,000 after acquiring an additional 5,537 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Beyond Meat by 305.1% during the 4th quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company's stock valued at $30,000 after buying an additional 5,940 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Beyond Meat by 35.6% during the 4th quarter. Intech Investment Management LLC now owns 25,656 shares of the company's stock valued at $96,000 after buying an additional 6,731 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Beyond Meat by 17.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,685 shares of the company's stock valued at $213,000 after buying an additional 8,561 shares in the last quarter. 52.48% of the stock is owned by hedge funds and other institutional investors.

Beyond Meat Stock Performance

BYND traded down $0.01 during midday trading on Friday, reaching $3.57. The company had a trading volume of 836,456 shares, compared to its average volume of 2,884,550. The business has a 50-day moving average of $3.01 and a two-hundred day moving average of $3.32. Beyond Meat, Inc. has a 1 year low of $2.23 and a 1 year high of $9.24.

Beyond Meat (NASDAQ:BYND - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.15). The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.84) earnings per share. On average, analysts expect that Beyond Meat, Inc. will post -2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on Beyond Meat from $3.00 to $2.00 and set an "underweight" rating on the stock in a research note on Thursday, May 8th.

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.