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21.01.2020 16:05:39

Beyond Meat stock rallies after Starbucks announces plans for plant-based menu additions

Beyond Meat Inc. stock jumped 15% in Tuesday trading after news from Starbucks Corp. Chief Executive Kevin Johnson that the coffee giant aims to add more plant-based items to its menu. Starbucks stock is nearly unchanged in early trading. Beyond Meat is currently in testing mode with another restaurant giant, McDonald's Corp. , and just announced a supply agreement with pea-protein producer Roquette, which the company said will aid in further scaling of the business. Beyond Meat stock is up 13.6% over the last three months while the S&P 500 index is up 10.7% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Basiswert Valor Fälligkeitstag Maximale Rendite p.a.
Coca-Cola / McDonald"s / Starbucks 50823158 23.07.2021 7.58 %
Coca-Cola / Mondelez International / Starbucks 47334779 29.04.2021 5.11 %