Beyond Meat, Inc. (NASDAQ:BYND) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in Beyond Meat, Inc. (NASDAQ:BYND) by 68.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,498 shares of the company’s stock after buying an additional 4,280 shares during the period. Van ECK Associates Corp’s holdings in Beyond Meat were worth $39,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in Beyond Meat in the third quarter valued at $128,000. Charles Schwab Investment Management Inc. grew its stake in shares of Beyond Meat by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after buying an additional 7,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Beyond Meat by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after acquiring an additional 5,419 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Beyond Meat in the 4th quarter worth approximately $39,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Beyond Meat during the 4th quarter worth approximately $1,746,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Trading Down 4.0 %

Shares of BYND opened at $3.86 on Tuesday. The firm’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $5.19. The firm has a market capitalization of $251.68 million, a price-to-earnings ratio of -0.92 and a beta of 2.31. Beyond Meat, Inc. has a twelve month low of $3.30 and a twelve month high of $12.12.

Insider Activity at Beyond Meat

In other news, insider Ethan Brown sold 313,000 shares of Beyond Meat stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the sale, the insider now owns 1,703,288 shares of the company’s stock, valued at $6,387,330. The trade was a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

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.