New 'Ground Beef' Product Boosts Beyond Meat Shares

New 'Ground Beef' Product Boosts Beyond Meat Shares

New 'Ground Beef' Productbr Boosts Beyond Meat Shares Shares of Beyond Meat are up more thanbr 550 since the company went public in May 2019. According to CNN, a 10 spike in share values is being credited to the company’s recent announcement of a new ground beef product. The plant-based meat companybr confirmed it would be releasing thebr new product to grocery stores on June 24. The meat will contain pea protein, mung beanbr protein and brown rice proteins, which will givebr it the same culinary versatility as ground beef. The rise in shares is also being credited tobr Beyond Meat’s partnership with companiesbr such as Tim Hortons and Carl’s Jr. When Tim Hortons first announcedbr their Beyond breakfast sandwiches in br June, Beyond Meat's stock went up 16. JPMorgan analysts believe Beyond Meat’sbr stocks could rise 30 if they secure abr partnership with McDonald’s. The plant-based meat alternativebr market is estimated to be worthbr $140 billion in the next decade.


User: Wibbitz Top Stories

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Uploaded: 2019-06-17

Duration: 01:09

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