The McPlant has a Beyond Meat Patty. Feels like an exciting deal with Beyond and a long awaited plant based burger option. BBC News - McDonald’s plant burger launch late to vegan party
Holly shoot dose any one know what is happening with beyond meat plz?
They said Q4 will be worse than expected.
FT News briefing podcast covered the beyond meat short positions today. Time stamp 08:33
Around 42% of the stock has now been declared short.
I find that quite odd tbh. Products in McDonald’s and Starbucks throughout the UK. KFC trials in US (YUM! brand also say they want the plant based alternative I all there restaurants). Seems to be quite a lot of deals being made
Today has been great I’m up £6.88 from when I got them keep eating your vegetables!
This feels like a short squeeze in the making. I’ve dipped my toe in the water with a smaller entry amount than I ordinarily would and a bit less research than usual on the basis that I anticipate it will happen at some stage so I may as well give myself a chance to get into the action.
In terms of the longer term Beyond Meat seem well positioned in a market which should continue to soar, so I’ll look into them more closely in the coming months to decide if I’ll leave it at a punt or if I’m going to build up my holding.
Does anyone have some good veggie burger news? I’m beginning to think I should just cut my losses with this one.
I hear the McPlant is very good only a matter of time time before beyond meat are in every fast food restaurant in the UK
Share price has risen $7 in the past couple of days. They’ve blamed Covid for reducing their point of sale opportunities - which does make a lot of sense given that they’re partnered with KFC, Pizza Hut and McDonalds to name just three - and in terms of physical retail (the packs of meat), people who order online tend to stick to what they know.
Additionally as it’s one of the most heavily shorted stocks, there is always the potential for a short squeeze as shorters sense the tide turning and wish to maximise their profits, sparking a rush.
Break-even price for me is $50 and if it dips below $40 I’ll be open to averaging down a little more. I think the 2020-2021 peaks of nearly $200 a share were premature and poor 2021 financials won’t help the price rise to those heights quickly, but IMO this will be hovering between two and three figures before too long.
It’s just my opinion but I’ve got to say I was really disappointed by the McPlant and, on the flip side, blown away by how good Burger King’s plant based whopper is and how indistinguishable from chicken their plant based ‘chicken Royale’ is.
Obviously I don’t eat beef burgers because I’m not a cannibal but I have been eating veggie burgers for a long time and the McPlant was so so SO underwhelming.
So just like a maccies beef burger then
I thought it was alright, not worse than all the normal burgers. Would definitely go for it again if I need to eat at MCD.
Beyond Meat is still a great product and good company. The valuation was just extreme before it started falling.
Market Too competitive, I doubt the share price will ever bounce back.
There would need to be a big technology break through where the cost is a fraction of meat
Once had a Beyond Meat burger at Wetherspoons … really enjoyed it.
The major issue I see, (outside of company performance - haven’t looked) is that you have the big boys such as Nestlé muscling in on the action.
They have the means to innovate & market at a rapid rate & will (probably) get guaranteed shelf space for their products.
I’m all for sustainable food, but it’s a very competitive area… Beyond Meat need to really stand out & have a uniqueness to grab a decent (profitable) market share.
Same concern here, I was amazed by Beyond when I first tried it and bought an embarrassing amount once it came to the UK.
I have made it my mission to try as many plant-based burgers as I can (at home and out) and in the last few years some surprisingly strong contenders have launched. It’s not just the big brands like Impossible, Wicked, Moving Mountains etc… just regular Aldi No beef and Tesco are actually really good.
I’m surprised how quickly the others caught up and I’m not sure if there is enough moat left for Beyond unfortunately.
I’m 35% down and holding until I get more of an improvement then will sell. I just don’t see it returning to its highs of over $100 now. I tried their burgers for the first time a few months ago and was blown away with how meat like it was. Issue is the price and the other competitors out there.
I wanted to buy shares in this pre IPO, I didn’t when it eventually came to Freetrade because it seemed overvalued and I felt we’d missed the boat. Glad I didn’t now, there is loads of competition out there and it’s still valued at nearly $3Bn, for a loss making food manufacturer.
Miss on earnings per share and miss on net revenue.
Shares down 7% at market close and flat after hours.