How a small stake in Beyond Meat turned into $135 million for a traditional agriculture company

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

On a call with analysts, the CEO of Bunge said that the Beyond Meat venture is an important vehicle in the competitive landscape.

Bunge Limited, a traditional agri-business company, reported a huge earnings beat Wednesday due to a boost from an early investment in Beyond Meat. Bunge owns 1.63% stake in the plant-based meat alternatives company which has gained more than 800% since its May IPO. The venture is an important vehicle for Bunge as consumer tastes change, the company said. Read more on Markets Insider.

Bunge Limited, a traditional agri-business company, reported a huge earnings beat Wednesday due to a boost from an early investment in Beyond Meat. Bunge owns 1.63% stake in the plant-based meat alternatives company which has gained more than 800% since its May IPO. The venture is an important vehicle for Bunge as consumer tastes change, the company said. Read more on Markets Insider.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What some veg and plastic binder can do...,,,😇

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what to expect from Beyond Meat earningsSince its May initial public offering, the stock is up 775% and has drawn interest from short sellers. Alright then...
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Beyond Meat, AK Steel and CognexSee which stocks are posting big moves after the bell on July 29. $AKS up? 🤔
Source: CNBC - 🏆 12. / 72 Read more »