Beyond Meat, Inc. (NASDAQ: BYND) is one of the fastest growing food companies in the United States, offering an alternative choice to animal meat and offering plant-based meats.
Beyond Meat, Inc. (BYND) Nasdaq Beyond Meat announced it will be expanding into the China Market with a new distribution deal the stock Rose in early morning trade. Beyond Meat will continue to distribute its food through Sinodis a division of the French dairy maker and distributor Savencia. Chuck Muth said in a news release. “China is an important market given its large population and interest in plant-based proteins.”
Beyond meat was able to take an edge over meat due to the fact that meat distribution was seriously hampered by the Coronavirus pandemic.
- First Quarter 2020 Net Revenues Increased 141% Year-Over-Year to $97.1 Million
- Gross Profit Improved to $37.7 Million or 38.8% Gross Margin
- Net income of $1.8 Million or $0.03 per Common Diluted Share
- Source: https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2020-financial-results
Ethan Brown. Ethan Brown is the founder of Beyond Meat and has served as our President and Chief Executive Officer. Mr. Brown began his career with a focus on clean energy and the environment, serving as an energy analyst for the National Governors’ Center for Best Practices. Brown then joined Ballard Power Systems (NASDAQ: BLDP), a hydrogen fuel-cell company. Source: https://investors.beyondmeat.com/board-member-management/ethan-brown/
Top Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group, Inc. (The) 3,137,839 Mar 30, 2020 5.04% 208,980,077
Susquehanna International Group, LLP 2,246,152 Mar 30, 2020 3.61% 149,593,723
Blackrock Inc. 1,263,717 Mar 30, 2020 2.03% 84,163,552
Barclays PLC 854,226 Mar 30, 2020 1.37% 56,891,451
Credit Suisse Ag/ 540,943 Mar 30, 2020 0.87% 36,026,803
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard Total Stock Market Index Fund 1,127,143 Dec 30, 2019 1.81% 85,212,010
Vanguard Small-Cap Index Fund 999,493 Dec 30, 2019 1.61% 75,561,670
Vanguard Small Cap Value Index Fund 307,908 Dec 30, 2019 0.49% 23,277,844
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