Beyond Meat, Inc. (NASDAQ:BYND) Position Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Beyond Meat, Inc. (NASDAQ:BYND) by 128.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,302,941 shares of the company’s stock after buying an additional 733,168 shares during the quarter. Vontobel Holding Ltd.’s holdings in Beyond Meat were worth $4,899,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BYND. Zweig DiMenna Associates LLC bought a new position in shares of Beyond Meat during the fourth quarter worth about $1,746,000. Intech Investment Management LLC bought a new position in shares of Beyond Meat during the third quarter worth about $128,000. Ballentine Partners LLC bought a new position in shares of Beyond Meat during the fourth quarter worth about $39,000. Charles Schwab Investment Management Inc. lifted its position in shares of Beyond Meat by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock worth $3,545,000 after purchasing an additional 7,332 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after purchasing an additional 5,419 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

Beyond Meat Stock Up 2.3 %

Shares of NASDAQ BYND opened at $3.95 on Friday. The firm’s 50-day moving average price is $3.87 and its two-hundred day moving average price is $5.24. Beyond Meat, Inc. has a 52-week low of $3.30 and a 52-week high of $12.12. The stock has a market capitalization of $257.55 million, a P/E ratio of -0.94 and a beta of 2.31.

Insiders Place Their Bets

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the firm’s 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 transaction, the insider now owns 1,703,288 shares of the company’s stock, valued at $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.60% of the stock is currently owned by corporate insiders.

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.