Why Hedge Funds Are Piling Into Beyond Meat, Inc. (BYND)?

Why Hedge Funds Are Piling Into Beyond Meat, Inc. (BYND)?

September 21, 2020

Beyond Meat, Inc is offering plant-based burgers. The NASDAQ BYND company is offering its products in a range of categories, such as The Beyond Burger, Beyond Sausage, Beyond Beef Crumbles, and Beyond Chicken Strips. It is providing Beyond Mushroom Bacon Cheeseburger, Chef Spike’s Original Brat, Roasted Garlic & Italian Sausage Pasta, Beyond Beef Tacos, and April Ross’ Butternut Squash Mac-N-Cheese. The latest 13F reporting period has come and gone but Insider Monkey is again at the forefront. When it is coming to making use of this gold mine of data. Insider Monkey has plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC.

Portfolio Positions Of Beyond Meat

The 13F filings show the funds and investors portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 levels. Stocks kept going up since then. Beyond Meat, Inc. (NASDAQ: BYND) was in 29 hedge funds’ portfolios at the end of June. The all-time high for these statistics is 19. This stock is currently sitting at its all-time high. BYND investors should be aware of an increase in enthusiasm from smart money recently. There were 13 hedge funds in our database with BYND holdings at the end of March.

What Are The Hedge Funds Sentiment Before Making Any Investment Decisions?

The margin of outperformance is one of the declinings in recent years. Nevertheless, they were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 56 percentage points since March 2017. This company can be identifying in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. These stocks have been increasing in recent years. Investors are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017.

How Are Hedge Funds Trading Beyond Meat, Inc. (Nasdaq: Bynd)?

At the end of the second quarter, a total of 29 of the hedge funds tracked by Insider Monkey were long this stock, a change of 123% from the previous quarter. The graph below displays the number of hedge funds with bullish position in BYND over the last 20 quarters. With the smart money’s sentiment swirling, there exists an upper tier of noteworthy hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions). You can check more stocks like geo stock before stock trading.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.