Beyond Meat, Inc. (NASDAQ:BYND) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its position in Beyond Meat, Inc. (NASDAQ:BYND) by 51.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,356 shares of the company’s stock after selling 14,051 shares during the quarter. MetLife Investment Management LLC’s holdings in Beyond Meat were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in Beyond Meat by 305.1% in 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Beyond Meat in the fourth quarter valued at about $37,000. Ballentine Partners LLC purchased a new stake in Beyond Meat during the 4th quarter worth approximately $39,000. Van ECK Associates Corp raised its position in shares of Beyond Meat by 68.8% in the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock valued at $39,000 after purchasing an additional 4,280 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Beyond Meat during the 4th quarter valued at approximately $40,000. 52.48% of the stock is owned by institutional investors and hedge funds.

Beyond Meat Price Performance

Beyond Meat stock opened at $2.28 on Friday. Beyond Meat, Inc. has a 12 month low of $2.23 and a 12 month high of $10.31. The company has a fifty day moving average price of $2.91 and a two-hundred day moving average price of $3.89. The company has a market cap of $174.15 million, a PE ratio of -0.55 and a beta of 2.18.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.15). The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.84) EPS. Equities research analysts anticipate that Beyond Meat, Inc. will post -2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BYND. Barclays dropped their price target 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. BMO Capital Markets cut their target price on shares of Beyond Meat from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th.

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.