Stock of the Week: Beyond Meat

The vegan movement is a growing consumer trend and Beyond Meat is one of the first companies to offer a burger that tries to tempt carnivores to switch

James Gard 15 January, 2021 | 11:34AM
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In a closely fought battle with sausage roll-maker Greggs (GRG), US meat-free company Beyond Meat (BYND) is the victor in our “Veganuary” stock of the week poll. Many people, - whether for health/diet reasons (lockdown has not been kind to some waistlines) or to take an ethical stance - decide to go vegan for a month of the year. Regardless of whether you take the plunge yourself though, from an investment point of view it’s clear that food and nutrition are likely to be growing trends in the next 10 to 20 years.

Beyond Meat is one of first meat-free food companies to float in the US and produces plant-based meat alternatives that are meant to be indistinguishable from “the real thing” – the majority of its sales are burgers (64%), followed by sausages and chicken. “Beyond Meat seeks to replicate the look, cook, and taste of meat, and is targeted to omnivores and vegetarians alike,” say Morningstar analysts, who note that its products are sold in the meat aisle in direct competition with those products, rather than in the vegetarian or vegan section.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for Morningstar.co.uk