![]() launched the Beyond Italian Sausage Pizza and the Great Beyond Pizza nationwide, becoming the first national pizza chain to introduce a plant-based meat pizza coast-to-coast.” The TakeawayĬlearly, the days of plant-based foods being obscure and unpopular are long gone. cities.Īnd let’s not forget that the two companies made fast-food history last year, when “Pizza Hut U.S. Reportedly, KFC has expanded its testing of Beyond Fried Chicken in a number of U.S. However, let’s not dismiss the importance of the Yum Brands collaboration. The media will undoubtedly focus on the McDonald’s partnership, and that’s understandable since McDonald’s is the king of fast food restaurants. However, Yum Brands owns KFC, Pizza Hut and Taco Bell.īetween those three fast-food restaurants and McDonald’s, these deals are going to provide Beyond Meat with plenty of exposure to the public. You might not be familiar with the name Yum Brands. This provides further proof that Beyond Meat, and plant-based foods in general, are going from niche to mainstream. Lango came back with another massive development: Beyond Meat announced collaborations with fast food giants McDonald’s (NYSE: MCD) and Yum Brands (NYSE: YUM). If you thought that the PepsiCo partnership is exciting, then get ready for this. It will allow PepsiCo to offer new snack and beverage options with a health-based angle.Īnd, it should help promote the Beyond Meat brand as the company strives to expand its market share. I would assess this collaboration as a win-win for both companies. PepsiCo’s marketing reach is vast, to say the least. He says that plant-based foods represent the future of eating, and there’s certainly merit to that argument. As Lango pointed out, the shift to plant-based diets is only accelerating. This is being promoted as “a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein.” ![]() Specifically, Beyond Meat disclosed that the company had entered into an agreement with consumer goods giant PepsiCo (NASDAQ: PEP).Īccording to the press release, the collaboration will be known as The Planet Partnership, LLC. Lango served up a well-written article on a plant-based partnership that could prove to be a real game changer. ![]() I have to give InvestorPlace contributor Luke Lango credit for keeping tabs on the latest developments with Beyond Meat. Thus, we have a buy-able price pullback and strong confidence that the bulls are capable of making another run for $200 at some point. That’s a sizable retracement from $200, but still a solid gain over the past year. As of April 9, 2021, Beyond Meat shares were trading at around $131. That run-up wasn’t sustainable, and neither was the rally to $200 that occurred in late January of this year. The first attempt took place in October 2020. Since that time, the BYND meat stock bulls have made two separate attempts to break through the crucial $200 resistance level. A year ago, the stock price was close to the $75 level. It’s fair to say that Beyond Meat’s long-term investors are doing just fine. With that in mind, let’s take a look at the share price and try to determine whether there’s a real bargain here. ![]() Judging by some of Beyond Meat’s recently established, value-added partnerships, the meatless movement is alive and well. Does this mean that the company is actually in trouble? Did the plant-based revolution come to a screeching halt? Yet, the share price tumbled in February and March. While grocery sales surged during pandemic lockdowns in 2020, demand has since declined, while food service orders are yet to fully rebound despite restaurants opening up again.Source: Sundry Photography / Investors were already nervous about Beyond Meat’s third-quarter earnings as early as August, when the company initially forecast revenue of between $120 million and $140 million. Former CFO Mark Nelson retired in May, while COO Sanjay Shah stepped down in early September, less than two years after joining. Recent executive departures at Beyond also “raise questions” about the company’s management, says Lemonides. “It’s hard to see how that can be corrected anytime soon and the company is going to have challenges for the foreseeable future.” What To Watch For: “If your business is dropping by that much in sales and you’re spending more money, something is really wrong,” Lemonides argues. The company also has virtually no margin because it sells products at a loss in a bid to secure shelf space and establish brand recognition, Lemonides says, arguing that “Beyond doesn’t have any kind of competitive advantage.” Crucial Quote:
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