Beyond Meat goes mainstream with huge McDonald's and Yum Brands deals

  • Beyond Meat (NASDAQ:BYND) rallies after announcing a three-year global strategic agreement with McDonald's (NYSE:MCD).
  • Per the terms of the deal, Beyond Meat will be McDonald’s preferred supplier for the patty in the McPlant burger.
  • Beyond Meat also announced a global strategic partnership with Yum Brands (NYSE:YUM) to co-create what it calls "craveable and innovative plant-based protein menu items" that can only be found at KFC, Pizza Hut and Taco Bell over the next several years.

    Fundamentals Beyond Meat

    For this year the company, located in El Segundo revenue will be around 586.78 million USD. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 406.79 million USD.

    Historical revenues and results Beyond Meat plus estimates 2020

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    The analysts expect for 2021 a net loss of 9 million USD. For this year the consensus of the result per share is a loss of 16 cent. The price/earnings-ratio is then -909.25.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the food producers equals a moderate 0.94 percent.

    Beyond Meat 's market capitalization is based on the number of outstanding shares around 8.96 billion USD. The Beyond Meat stock was the past 12 months quite volatile. Since last February the stock is even 62 percent higher. This year the stock price moved between 48 and 221 dollar.

    Historical stock prices Beyond Meat

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    Click here for dividend Beyond Meat. On Friday, the stock closed at 145.48 USD.

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