Vontobel Holding Ltd. Boosts Stock Position in Beyond Meat, Inc. (NASDAQ:BYND)

Vontobel Holding Ltd. increased its holdings in 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 institutional investor owned 1,758,904 shares of the company's stock after acquiring an additional 455,963 shares during the quarter. Vontobel Holding Ltd. owned about 2.30% of Beyond Meat worth $5,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Golden State Equity Partners bought a new position in Beyond Meat during the 1st quarter valued at about $61,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Beyond Meat during the first quarter valued at approximately $48,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Beyond Meat during the first quarter valued at approximately $92,000. SG Americas Securities LLC lifted its position in Beyond Meat by 5,060.0% during the first quarter. SG Americas Securities LLC now owns 1,187,011 shares of the company's stock valued at $3,620,000 after purchasing an additional 1,164,007 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Beyond Meat by 80.3% in the first quarter. Farther Finance Advisors LLC now owns 202,735 shares of the company's stock worth $622,000 after purchasing an additional 90,270 shares during the last quarter. 52.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Beyond Meat Stock Down 0.3%

Shares of Beyond Meat stock traded down $0.01 during trading hours on Friday, reaching $3.57. 836,456 shares of the stock traded hands, compared to its average volume of 2,884,102. Beyond Meat, Inc. has a one year low of $2.23 and a one year high of $9.24. The firm has a market capitalization of $273.00 million, a price-to-earnings ratio of -1.57 and a beta of 2.19. The company has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.32.

Beyond Meat (NASDAQ:BYND - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.15). During the same quarter in the prior year, the company posted ($0.84) EPS. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share 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.