Shares of Beyond Meat fell to $14.74 during today's afternoon trading session. Despite the -6.4% change, the mid-cap company still trades 43.52% above its average analyst target price of $10.27. So there may be further downside for the stock. Beyond Meat has target prices ranging from $5.0 to $14.0 per share, and its average rating is hold.
The stock has a high number of short sellers at 36.2% of the float, and a short ratio of 5.3. 9.16% of the corporation's outstanding shares are owned by its managers and directors, indicating a strong degree of alignment between their interests and those of other shareholders. Finally, we note that 37.3% of Beyond Meat's shares are owned by institutional investors.
Institutions Invested in Beyond Meat
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 9% | 6,070,559 | $89,480,038 |
| 2023-03-31 | Blackrock Inc. | 6% | 4,062,886 | $59,886,938 |
| 2023-03-31 | State Street Corporation | 2% | 1,448,519 | $21,351,169 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 1,166,304 | $17,191,320 |
| 2023-03-31 | Morgan Stanley | 2% | 969,488 | $14,290,252 |
| 2023-03-31 | Northern Trust Corporation | 1% | 563,683 | $8,308,687 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 558,529 | $8,232,717 |
| 2023-03-31 | Coatue Management LLC | 1% | 490,640 | $7,232,033 |
| 2023-03-31 | Goldman Sachs Group Inc | 1% | 483,483 | $7,126,539 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 1% | 451,987 | $6,662,288 |
