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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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...
Källa: CNBC - 🏆 12. / 72 Läs mer »

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? 🤔
Källa: CNBC - 🏆 12. / 72 Läs mer »