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BofA: These food and snack stocks are most at risk from obesity drugs

This is predicted to rise to $11.71 by the end of this year but fall slightly to $9.96 during next year. Because of this, the stock is presently viewed as a hold position, albeit a weak one. Beyond Meat is a popular name to mention when discussing how veganism is gripping consumers around the world. The company is famous for its Beyond Burger, the ‘world’s first plant-based burger that looks, cooks, and satisfies like beef,’ without genetically modified organisms (GMOs), soy, or gluten. Beyond Meat also provides other meat-free alternatives, eg sausages and minced beef.

  • In fact, a large number of people that consume meat alternatives aren’t strictly vegan, but are simply trying to reduce their meat intake.
  • But if the downgrade today is on point, those estimates might well prove to be optimistic when official results are disclosed.
  • Beyond Meat is the first big plant based meat alternative company that has gone public.
  • Due to rising consumer demand for plant-based foods and increased health awareness, Asia Pacific is anticipated to see the quickest CAGR throughout the forecast period.
  • However, TTCF stock constantly trades around $20 without any big movements insight.
  • When Tattooed Chef announced its warrant redemption date on Feb. 16, more than 10.7 million warrants were cashed in.

In fact, at the start of the pandemic, “grocery store sales of faux meats rose by 264 percent,” while the cost of real meat climbed because of supply issues. The Covid-19 pandemic also caused significant supply chain issues, which have, in turn, influenced the demand for plant-based products. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time.

I do believe that in my lifetime (I’m 30) we’ll see some huge shifts in Western if not global diets and some revolutionizing of food production away from a dependence on animals if not necessarily factory farming. The company sells over 90 million pounds of faux meat a year, with about one-third of that volume in fake burgers and the remaining two-thirds from other products such as chicken and sausage alternatives. Estimates suggest that MorningStar generates $450 million in annual revenue, about 1.3 times the $355 million Beyond Meat has sold over the trailing 12 months. The plant-based food company went public on May 1, 2019, at $25 a share, selling 11.1 million units of its stock for net proceeds of $252 million, including the underwriters’ over-allotment. Three months later on Aug. 2, 2019, insiders sold 3.3 million shares at $160 per share.

Who owns vegan brands?

Companies listed on the NASDAQ and NYSE were considered and are listed by market cap size. With this future potential in mind, here the Investing News Network takes a look at the top plant-based food stocks by market capitalization in the US and Canadian markets. If MorningStar city index review Farms were given the same valuation, it would be worth $10 billion to Kellogg, about 41% of the company’s current market cap. As a result of changes in consumer tastes, companies have invested a total of $16 billion in plant-based meat, egg and dairy products.

  • According to Nielsen, the sale of meatless products in the last week of March increased by 255% over the same week a year earlier.
  • By now, Beyond Meat is a recognizable name for most investors, so I’ll keep the IPO details brief.
  • B&G Foods, Inc.’s revenue came in at $1.97 billion in 2020, up from $1.6 billion in 2019.
  • BABY shares trade at a Price to Sales ratio of 58 plus the company cannot benefit from the army of Robinhood and WallStreetBets retail trades due to OTC trading limitations.
  • Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.

Their most recent round of funding was a Series G round led by Philippe Laffont’s Coatue Management on August 13, 2020. According to the data tracker PrimeUnicorn Index, the latest round values Impossible Food at a $4 billion valuation. In April 2019, Impossible Foods collaborated with Burger King to introduce the Impossible Whopper. More and more people are choosing to adopt a plant-based diet — either permanently, or to take part in events like veganuary.

Laird Superfood is a plant-based food company that creates a variety of everyday products for health-conscious consumers. The good news is KOMOF got uplisted from the OTC pink sheets to OTCQB Venture market , which should increase both retail and institutional interest in the stock. BABYF is an OTC microcap stock with lots of upside but also plenty of risk in the short term. BABY shares trade at a Price to Sales ratio of 58 plus the company cannot benefit from the army of Robinhood and WallStreetBets retail trades due to OTC trading limitations. Many children are allergic to milk and dairy products (including me when I was a kid) because milk is food for baby cows, not human children. Oatly is a plant-based company that turns oat into drinks providing a better alternative to milk-based products.

Dairy, milk substitutes and drinks

Another avocado seller to make the list, Mission Produce went public in 2020 and calls itself the world’s most advanced avocado network. It buys avocados from around the world, including California, Mexico, Peru, South Africa, and New Zealand, and owns more than 10,000 acres globally. Oatly’s products are now available in more than 65,000 stores and more than 60,000 coffee shops. Its revenue jumped 52.6% to $643.2 million in 2021 compared to the previous year, although Oatly is currently unprofitable because it is spending aggressively on marketing. To make matters worse, Piper Sandler expects B&G’s earnings per share will come under pressure due to recent dilution and higher interest expenses. Indeed, just last week, the company closed on a previously announced $550 million private offering of 8% senior secured notes due in 2028.

The UK market is worth more than 500 million euros (£416 million), so companies are working fast to create plant-based products that are as good as (if not better than) meat. Here are some vegan companies that you can invest in, and some information on how to invest in vegan stocks. As promising as the future of plant-based food stocks may be, investors seeking pure vegan stocks might struggle. Vegans object to using animal products of any kind, but plant-based followers may only apply it to their food, or may only eat mostly plant-based items with some exceptions. As such, it can be difficult to find vegan stocks, but there are plant-based companies, like Impossible Foods, that produce food products to help enable the vegan lifestyle.

Another way of gaining exposure to the vegan market on the financial markets is by investing in or trading the commodities that underpin vegan and plant-based diets. The company has well-known brands that feed off the growing demand for healthier, plant-based alternatives, such as its Almond Dream, Better Bean and Yves Veggie Cuisine, in addition to a smaller portfolio of personal care products. The company’s most recent earnings report announced an EPS of $1.93, surpassing analyst expectations of $1.64.

Their revenue of $23.23 billion also did better than expected, with analyst predictions averaging $25.37 billion showing a 13.6% increase on a year over year basis. The share is currently in a buy position and is expected to increase 28.9% from its current price to $103 over the next 12 month period. These plant-based food products are distributed to its growing number of Odd Burger-owned and franchised fast food restaurant locations across Canada. In October 2022, the company announced its expansion into the US market targeting 25 states. At the onset of the pandemic all meat prices rose, with beef and veal prices rising 17.6% in September 2020.

Tattooed Chef (TTCF)

Beyond Meat and PepsiCo launched their plant-based jerky product as Beyond Meat wants to capture market share in the vegan snack market. Beyond Meat reported annual revenue of $467 million (Up 14.7% YoY) in 2021 with a net loss of $187 million (-$2.88 per share). Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. The US Vegan Climate Index, being zero animal exploitation and zero fossil fuel, represents a portfolio of stocks with lower greenhouse gas emissions, waste generation and fresh water utilisation as compared to the S&P500 Index. The college football semifinal games for the 2020 season were played last Friday.

However, if you sell your shares when the share price is lower, you’d incur a loss. While potential profits are essentially unlimited, your possible losses are capped at the full value of your investment (excluding any additional fees). Veganism has become increasingly normalised within society and its environmental impact has resulted in a generally positive view of the movement. In fact, 73% of UK customers claim they would switch to plant-based products if the price was equal to or less than meat. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.

Discover vegan popular stocks, plus considerations when investing in the vegan industry.

However, this has been a difficult year for Very Good, with its stock seemingly in a freefall since January. The company released a statement on Oct. 7 announcing the appointment of Justin Steinback, a global leader in the consumer and packaged goods and food service industries, to its board. A few days later, it announced it would begin trading on Nasdaq on Oct. 13 under the ticker symbol VGFC. And in December, the company reported record sales from its Black Friday and Cyber Monday promotions as well as expanded distribution of its Stuffed Beast into select Canadian supermarket locations. Shares are currently over 30% down so far this year, possibly due in part to actual selloffs during spikes in price.

What are the differences between vegan products and plant-based products?

The US Vegan Climate ETF is not responsible for content on 3rd party sites. The US Vegan Climate ETF is listed on the Cboe BZX Exchange under the ticker VEGN, with a total expense ratio of 0.60%. VEGAN is independently calculated and published real-time at VEGAN on Bloomberg and Reuters terminals as well as reported daily on the Solactive website. All of those stocks have enormous upside potential over the next 5 to 10 years. The underlying technology behind making plant-based meat will continue to advance significantly over the next few years.

This means that you won’t own the underlying asset, so you can profit from both rising and falling markets. For example, 16 ounces of Beyond Beef, a plant-based replica of ground beef, costs between $7.79 and $9.99. A bit easymarkets broker on the cheaper side, Impossible Food’s ground beef replica costs $6.99 for 16 ounces. However, 16 ounces of ground beef can start at a price of $3.99 to $8.99, depending on what type of beef and if it is organic or not.

Vegan Investing in Canada: The Complete Guide

Local Bounti has only minimal revenue so far and just went public through a SPAC in November 2020. However, management is targeting $462 million in revenue by 2025, and investors have high hopes for the company since its market cap is not far from mature agriculture companies such as Calavo Growers. Tattooed Chef’s revenue jumped by 43.7% in 2021 to $213.4 million, and its best 50 freelance programming sites in 2021 products are now available in about 4,300 retail stores. Avocados are a staple of the vegan diet in much of the world, and they are popular with the millennial generation. About half of Calavo Growers’ revenue comes from avocados, and growth in the category helped the company’s stock price to triple between 2011 and 2020, although shares have pulled back since then.

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