Pepsi's stock, on the other hand, has risen 23% in the same time, giving it a market value of $242 billion, about 59 times that of Beyond. Beyond's stock has slid 54% over the last 12 months as Wall Street questioned its growth prospects and supply chain issues hit sales. Shares of Beyond were down slightly in extended trading, while Pepsi's stock was unchanged. Conagra Brands' Gardein already sells it, as well as a number of smaller startups. Beyond Meat spikes 9 on expanded Dennys partnership. Get the latest Beyond Meat Inc (BYND) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The two companies will face some competition in the vegan jerky market. One of Beyond Meats earliest bulls downgrades the stock, saying its soaring price bakes in plenty of potentially good news. Beyond and Pepsi declined to comment on the report. While demand for plant-based meats is growing at a good clip, the companys. Pepsi veteran Dan Moisan has been tapped as chief executive for the venture.Ī photo of the sample product published by Bloomberg showed packaging declaring that the jerky didn't contain soy, gluten or genetically modified organisms but did contain 10 grams of plant protein per serving. With its share price down 79 year to date, Beyond Meat ( BYND 3.35) has clearly been a victim of 2022s bear market.
Pepsi CEO Ramon Laguarta said in September that the company is targeting early 2022 for the launch of the first product from the partnership. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower
Like other growth companies struggling to deliver results, they’re now focusing on cost-cutting to achieve. Best Debt Consolidation Loans for Bad Credit Beyond Meat, Inc.'s (NASDAQ:BYND) recent 10 pullback adds to one-year year losses, institutional owners may take drastic measures: Sep 12: Beyond Meat Continues To Look Potentially Beyond Repair: Sep 10: Beyond Meat: The Core Question Here Is Liquidity: Sep 4: 10 Best Plant-Based Meat Companies to Buy: Sep 4: Why Beyond Meat Stock Plunged 31. Today, the company drastically cut its revenue outlook for the second time due to slowing demand for faux meat as consumers look for chapter options in the current inflationary environment.
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