Bulletin
Investor Alert

Market Pulse Archives

Oct. 14, 2021, 9:56 a.m. EDT

Beyond Meat shares rise after McDonald's announces plant-based sandwich test

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Beyond Meat Inc. (BYND)
  • X
    McDonald's Corp. (MCD)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Beyond Meat Inc. /zigman2/quotes/211617595/composite BYND +1.55% stock rose 3.4% in early Thursday trading after McDonald's Corp. /zigman2/quotes/203508018/composite MCD -2.76% announced it would test the McPlant sandwich in eight U.S. restaurants for a limited time. The McPlant, which was announced late 2020, is the plant-based burger McDonald's created in partnership with Beyond Meat. The two companies announced an exclusive three-year agreement in February. Details on the test are scarce, but McDonald's said in a post on its site that "this particular test will help us understand how offering a burger with a plant-based patty impacts the kitchens in our restaurants." Beyond Meat stock has dropped 13.3% for the year to date. McDonald's shares have risen 13.8%. And the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% is up 13.4% for the period.

/zigman2/quotes/211617595/composite
US : U.S.: Nasdaq
$ 76.72
+1.17 +1.55%
Volume: 1.83M
Nov. 26, 2021 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.78 billion
Rev. per Employee
$581,121
loading...
/zigman2/quotes/203508018/composite
US : U.S.: NYSE
$ 250.01
-7.10 -2.76%
Volume: 2.57M
Nov. 26, 2021 1:10p
P/E Ratio
25.81
Dividend Yield
2.21%
Market Cap
$192.12 billion
Rev. per Employee
$96,039
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,899.34
-905.04 -2.53%
Volume: 325.39M
Nov. 26, 2021 2:12p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.