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Post by M. Hawbaker on Sept 10, 2019 6:56:39 GMT
Beyond Meat Stock drops 37%
The market seems to be turning against Beyond Meat (NASDAQ: BYND), which until recently was everyone's market darling. Now, sentiment may be going against the faux-meat maker, and as of this writing, the stock has tumbled 37% since it almost hit $235 per share at the end of July.
In less than three months, investors enjoyed an incredible 840% gain from Beyond Meat's initial public offering price of $25 per share, making it one of the most successful offerings of the year. So while Beyond Meat's fall from grace may not have been inevitable, it was certainly likely, and investors may find the decline is not yet over.
An analyst at D.A. Davidson recently downgraded Beyond Meat with a price target of $130, because he says the fake-meat market's potential is overhyped. Where people with medical conditions like lactose intolerance might have to drink plant-based milk alternatives -- a market that's often used to size up plant-based meat's possibilities -- very few people can't eat meat. Rather, they choose not to.
As a result, the analyst says this market is about half that of plant-based "milk," and he sees fewer people regularly buying meat alternatives than milk alternatives. Its higher price also makes frequent repeat purchases less likely.
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Post by barb43 on Sept 10, 2019 13:49:54 GMT
Oh, poor Beyond Meat! You know that old saying, "sorry/not sorry". I don't think it's a sustainable market, much like they say, "Very few people can't eat meat. Rather, they choose not to." Edward is allergic to chicken - so he's not going to eat fake chicken, he eats turkey. I think that's what people do - they may eat less beef, but they sub in chicken or fish. I stopped at the commissary yesterday because we were almost out of milk, and I was close by since I'd gone to the recycle point. I walked by a cooler case & saw a package of fake fish, of all things. Had to stop & read the ingredients list. It was a list of things like flour, corn flour, and a handful of preservatives. Had to shake my head and walk on. I wish I'd looked at the brand name so I could look them up & post it here.
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Post by M. Hawbaker on Sept 11, 2019 16:15:05 GMT
Taco Bell Adds Vegetarian Items -- but No Meatless Meat
Taco Bell, a subsidiary of Yum Brands (YUM - Get Report) , added two new vegetarian items to its vegetarian menu: Black Bean Crunchwrap Supreme and Black Bean Quesarito.
What's missing? A meatless meat option. Even Yum's KFC subsidiary partnered with Beyond Meat (BYND) to bring plant-based chicken to diners in Georgia.
Taco Bell plans to call attention to the new items, bringing its vegetarian dish count to 13, in a national advertising campaign launching Sept. 12 and via a revamped menu featuring a vegetarian section and green emblem next to vegetarian choices, such as its long-time favorites the 7-Layer Burrito and Bean Burrito.
Taco Bell, Irvine, Calif., with 7,000 restaurants in the U.S., has been certified by the American Vegetarian Association since 2015. It is the first and only fast-food chain in America to gain this status, an AVA spokesperson said.
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Post by M. Hawbaker on Sept 11, 2019 16:28:08 GMT
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Post by barb43 on Sept 11, 2019 19:59:35 GMT
Taco Bell Adds Vegetarian Items -- but No Meatless Meat Taco Bell, a subsidiary of Yum Brands (YUM - Get Report) , added two new vegetarian items to its vegetarian menu: Black Bean Crunchwrap Supreme and Black Bean Quesarito.
What's missing? A meatless meat option. ~ attachment removed by original poster ~ . . . This is great! And 500% accurate! I'm still laughing!
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Post by M. Hawbaker on Sept 18, 2019 20:27:15 GMT
Tyson Enters the Veggie Meat MarketTyson has launched Raised & Rooted, which produces both plant-based products and items that are a blend of animal and plant proteins. The company has also invested in New Wave Foods, a plant-based shellfish company. “Its blended beef and plant-based patties specifically target the ‘flexitarian’ demographic, who are defined as consumers who purchase both meat and meat alternatives,” wrote Sundaram. “This patty stands out from competition, not only because it’s a blended meat and plant-based burger, but because it seems to be the healthiest option in the marketplace - it has a comparable amount of protein to traditional 80/20 beef burgers and other plant-based burgers, such as those offered by Beyond Meat and Impossible Foods, but far less total fat and saturated fat. We think more and more consumers are looking at labels and realizing that many plant-based products are not as healthy as they initially thought, and this is where we think Tyson can stand out.” www.marketwatch.com/story/heres-how-beyond-meat-can-lose-the-lead-in-the-plant-based-meat-category-to-tyson-2019-09-18?siteid=yhoof2&yptr=yahoo
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Post by M. Hawbaker on Sept 20, 2019 17:41:39 GMT
KFC is testing Beyond Meat plant-based fried chicken
No chance that Colonel Sanders could have imagined this day when he founded his friendly chicken joint Kentucky Fried Chicken back in 1952.
From that point to this very day, KFC has hawked wings, breasts and drum sticks ripped from the carcass of ever fatter farm-raised chickens. Until now. Yum Brands-owned KFC (YUM) said Monday it will launch “Beyond Fried Chicken” in partnership with the surging plant-based food purveyor Beyond Meat (BYND).
“KFC is an iconic part of American culture and a brand that I, like so many consumers, grew up with. To be able to bring Beyond Fried Chicken, in all of its KFC inspired deliciousness to market, speaks to our collective ability to meet the consumer where they are and accompany them on their journey. My only regret is not being able to see the legendary Colonel himself enjoy this important moment, ” said Ethan Brown, founder and CEO, Beyond Meat in a statement.
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Post by barb43 on Sept 20, 2019 21:18:06 GMT
These photos were taken at the commissary a couple of weeks ago. They were briefly on my facebook story page, as I was trying to move them from phone to PC. Thought I'd go on and post them here. I am not planning to eat any of these products.
This fish strikes me as a really low quality food product. I wanted to share the front of the package and the ingredients list on the back.
~ attachment removed by original poster ~
And just for fun, here's a package of faux "Pulled Pork". That struck as the funniest thing I've seen yet.
~ attachment removed by original poster ~
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Post by M. Hawbaker on Sept 20, 2019 21:32:04 GMT
I can't say that either of those products appeal to me. One of our local Mexican restaurants had a humorous ad for veggie steak burritos made with 100% real beef from vegetarian cows.
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Post by barb43 on Sept 20, 2019 21:34:40 GMT
“This patty stands out from competition, not only because it’s a blended meat and plant-based burger, but because it seems to be the healthiest option in the marketplace - it has a comparable amount of protein to traditional 80/20 beef burgers and other plant-based burgers, such as those offered by Beyond Meat and Impossible Foods, but far less total fat and saturated fat. We think more and more consumers are looking at labels and realizing that many plant-based products are not as healthy as they initially thought, and this is where we think Tyson can stand out.” Not sure what I think of this one ... not sold on it right off. I prefer a 93% lean ground beef or turkey (mostly buy ground turkey). I'm not crazy about additives, which is how I see this plant-based protein - whether I'm right or not.
That consumers have started to read the labels and have realized the fake meats aren't really too healthy is a really good thing. It reminds me of people reading labels and realizing that "low fat", "low cal" food items are not typically as healthy as the full fat, not-reduced calorie items.
All of these food items - real, fake, processed, or raw - are cases of "buyer beware".
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Post by barb43 on Sept 20, 2019 21:36:13 GMT
One of our local Mexican restaurants had a humorous ad for veggie steak burritos made with 100% real beef from vegetarian cows. This is great! I'd definitely try out their products!
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Post by M. Hawbaker on Sept 21, 2019 18:20:45 GMT
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Post by barb43 on Sept 21, 2019 23:29:29 GMT
Wow! That sodium is significant, add the carb load and I can't figure out why I'd eat that faux burger. I'm still gung-ho on eating real meat. ...
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Post by M. Hawbaker on Sept 26, 2019 16:59:55 GMT
McDonald's to test Beyond Meat burger
Wall Street has finally received its long sought after news of a marriage between McDonald’s (MCD) and Beyond Meat (BYND).
McDonald’s will test a new plant-based burger from Beyond Meat in 28 restaurants in Southwestern Ontario on Sept. 30, according to Reuters. The burger has a clever name: the P.L.T. (plant, lettuce and tomato).
Spokespeople for McDonald’s and Beyond Meat didn’t immediately return Yahoo Finance’s request for comment.
Beyond Meat shares exploded 13% in pre-market trading on Thursday. McDonald’s rose slightly.
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Post by M. Hawbaker on Sept 26, 2019 17:06:32 GMT
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