Who owns the company Beyond Meat?
Ethan Brown, the founder and C.E.O. of Beyond Meat, on his moral and environmental priorities. As a subscriber, you have 10 gift articles to give each month.
All these companies are backed up by high-ranked billionaires and Big Tech investors. Bill Gates alone has invested $50 million in Impossible Foods and actively finances Beyond Meat, Ginkgo Bioworks and BioMilq, as described above.
By 2018, Beyond Meat had raised US$72 million in venture financing. Beyond Meat is also backed by celebrity and athlete investors such as Leonardo DiCaprio, Jessica Chastain, Snoop Dogg, Liza Koshy, Chris Paul, Kyrie Irving, DeAndre Hopkins and others.
Beyond executives also blamed the revenue warning on Covid-19, labor shortages and operational challenges. The stock has been beaten badly, down 13% in the last six months, and analysts have been cautious primarily due to several factors including labor issues and transportation costs the company has incurred.
Beyond Meat, Inc. (NASDAQ: BYND) and PepsiCo, Inc. (NASDAQ: PEP) today announced the debut of Beyond Meat® Jerky. The delicious and convenient plant-based jerky is the first product from the two companies' joint-venture, Planet Partnership, LLC.
Tyson was an early investor in Beyond Meat and sold its shares (estimated to be worth $79 million) in 2019 on the eve of the vegan brand's IPO to focus on its own plant-based offerings. Those products include the Raised & Rooted brand which Tyson initially launched in 2019.
In January this year, the Bill & Melinda Gates Foundation announced that it's creating a nonprofit entity called Gates Ag One which will seek to “speed up efforts to provide smallholder farmers in developing countries, many of whom are women, with access to the affordable tools and innovations they need to sustainably ...
Gates invested in Hampton Creek Foods, a startup company working on plant protein based egg substitutes, and has praised Beyond Meat, a meat substitute company. Thiel gave a grant to Modern Meadow, a company using animal stem cells in what it calls "tissue engineering" to create meat and leather via 3D printing.
Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report. The outlet reported this week that Gates, 65, owns 268,984 acres of land combined across 19 states.
Stockholder | Stake | Total value ($) |
---|---|---|
Baillie Gifford & Co. | 13.35% | 409,257,295 |
The Vanguard Group, Inc. | 7.74% | 237,196,689 |
BlackRock Fund Advisors | 3.28% | 100,606,010 |
Spyglass Capital Management LLC | 3.17% | 97,061,892 |
Is BYND stock a good buy?
Bottom line: BYND stock is not a buy right now. Beyond Meat is failing to generate sustained traction from fundamental catalysts and still needs to prove itself.
Downgrade and COO loss
Beyond Meat just got hit with a downgrade after Piper Sandler lowered the outlook to Underweight from Neutral. The company believes that the current retail momentum lags the consensus expectations and might result in an earnings miss. Furthermore, a new price target has been set at US$95.
The fight back. Brown remains buoyant and claims that Beyond will bounce back from the unprecedented difficulties it faced in 2021. He notes that the brand emerged from 2021 as the number one for refrigerated plant-based meats, in the U.S. and had retained the highest levels of brand awareness over all competitors.
In Sept. 2020, a Forbes article cited consensus growth estimates for the company. After revenue surged 239% in 2019, analysts expected growth to slow to 61% in 2020 (Beyond Meat actually reported just 36.6% growth) and 17% by 2025.
Roquette - a key supplier of protein to Beyond Meat – has opened what it claims is the world's largest pea protein plant in Portage la Prairie, Manitoba, Canada, becoming the first player to operate major pea protein facilities on both sides of the Atlantic.
A Beyond Burger, however, includes 18 ingredients: water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, rice protein, natural flavors, cocoa butter, mung bean protein, methylcellulose, potato starch, apple extract, salt, potassium chloride, vinegar, lemon juice concentrate, sunflower lecithin, ...
In 1994, Starbucks and PepsiCo came together to form the North American Coffee Partnership. What started with the launch of Starbucks Frappuccino beverages in 1996, now includes a diverse portfolio of coffee and energy beverages.
Tyson's existing approach
Management has not been blind to the introduction of plant-based alternatives, and Tyson also held a 6.5% stake in Beyond Meat Inc.
MINNEAPOLIS--(BUSINESS WIRE)-- General Mills (NYSE: GIS) today announced that it has completed the acquisition of Tyson Foods' (NYSE: TSN) pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets.
What is Bill Gates investing in?
Some of the most notable stocks owned by Bill Gates' fund include Walmart Inc. (NYSE:WMT), Caterpillar Inc. (NYSE:CAT), and Alphabet Inc. (NASDAQ:GOOG).
Foreign-owned land accounts for about 2.7% of all U.S. farmland and forest land, which, according to the Department of Agriculture, is about 897 million acres. That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013.
An NBC News analysis also identified Gates as the largest farmland owner in the US. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US.
Bill Gates' Surprising Connection To McDonald's Fries - YouTube
Today, Bill Gates owns 242,000 acres of farmland in 19 states. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres).
In the Bayou State, the Gates family reportedly own 69,071 acres of land, making up approximately 25.68 percent of the family's overall land holdings. The Land Report article provides an in-depth look at how editors tracked down Gates' farmland acquisitions.
1. Roman Catholic Church: 70 million hectares. The largest landowner in the world is not a major oil magnate or a real estate investor. No, it's the Roman Catholic Church.
#1 Queen Elizabeth II
With her 6.6 billion acres, Elizabeth II is far and away the world's largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. Acreage estimates provided by The New Statesman.
Sustainable farming practices also increase the value of the land, which creates a benefit for the planet and investors. However, investing in new technologies requires upfront investment. For this reason, investing in farmland is a win-win for farmers, investors, and the environment.
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Market share of the leading meat substitute brands in North America in 2020.
Who are Beyond Meat competitors?
- Impossible Foods. Impossible Foods Inc. is an American company that develops plant-based meat products. ...
- Cargill. Cargill is an American conglomerate that works primarily in the food and agricultural industry. ...
- Kellogg. ...
- Nestle. ...
- Hormel Foods.
Beyond Meat was first founded in 2009 by Ethan Brown. After receiving funding from big-name investors such as Bill Gates and Tyson Foods, Beyond Meat began developing its first line of plant-based meat substitutes.
Net revenues were $94.4 million, an increase of 2.7% year-over-year. Gross profit was $25.5 million, or gross margin of 27.0% of net revenues; Adjusted gross profit was $27.3 million, or Adjusted gross margin of 28.9% of net revenues, reflecting exclusion of expenses attributable to COVID-19.
The estimated Net Worth of Ethan Brown is at least $64.6 Million dollars as of 11 December 2020. Mr. Brown owns over 850 units of Beyond Meat Inc stock worth over $49,415,668 and over the last 3 years he sold BYND stock worth over $7,200,000.
KFC first tested Beyond Meat's plant-based chicken in August 2019 at several locations in Atlanta. The items sold out in under five hours. Joining us now is Beyond Meat's founder and CEO, Ethan Brown, and KFC US president, Kevin Hochman.
BEYOND MEAT Dividends FAQ
BEYOND MEAT (NASDAQ: BYND) does not pay a dividend. Is BEYOND MEAT's dividend stable? BEYOND MEAT (NASDAQ: BYND) does not pay a dividend.
Stock Price Forecast
The 17 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 45.00, with a high estimate of 80.00 and a low estimate of 29.00. The median estimate represents a +16.82% increase from the last price of 38.52.
AAPL Stock Technical Analysis
For the past 18 weeks, AAPL stock has been consolidating with a buy point of 183.04. That buy point is 10 cents above its all-time high, reached in early January, based on IBD trading guidelines.
(NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2021. Net revenues were $100.7 million, a decrease of 1.2% year-over-year. Gross profit was $14.2 million, or gross margin of 14.1% of net revenues.
In the third quarter, Beyond Meat's revenue rose 13% year over year to $106.4 million, but net loss was $54.8 million. Shares that traded over $234 in July of 2019 were trading under $48 on Wednesday.
Is Beyond Meat struggling?
The company is seeing weak sales in its U.S. retail business, signaling that fervor for the brand may be dying down. Beyond Meat also cited losing market share.
We believe fundamentally weak meme stocks Beyond Meat (BYND), SmileDirectClub (SDC), Rocket Lab (RKLB), and Ocugen (OCGN) could see a significant pullback in the near term. So, investors should avoid these stocks for now.
Based on data compiled by Tip Ranks as of 27 January 2022, out of 12 analysts, nine suggest a 'hold' of Beyond Meats stock while three recommend a 'sell'. Their consensus BYND stock price target for the 12-month share price is $71.80 per share. The stock projection varied from a low of $54 to a high of $100.
BYND's revenue is expected to grow at a CAGR of 37.88% in the next two years and may report EBITDA profitability after FY2023. In FY2020, BYND's US sales of $324M accounted for 30.5% of the market share, which looks promising.
The Verdict: At today's price, Beyond stock appears to be overvalued based on a sampling of common fundamental valuation metrics.