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Beyond Meat shares soar 31% as company teams up with PepsiCo to make plant-based snacks and drinks

Beyond Meat shares soar 26% as company teams up with PepsiCo to make plant-based snacks and drinks CNBC 1/26/2021 Amelia Lucas Financial terms of the partnership were not disclosed. Operations will be managed through a limited liability corporation called The PLANeT Partnership. © Provided by CNBC Patties of Beyond Meat Inc. s plant-based burger Beyond Burger are cooked on a skillet. Beyond Meat and PepsiCo announced Tuesday that they ve formed a joint venture to create, produce and market snacks and drinks with plant-based substitutes. Shares of Beyond jumped as much as 31% in morning trading on the news, while Pepsi s stock rose about 1%. The run in Beyond Meat may have been helped by hedge funds rushing to cover their bets against the stock, a trend unfolding in may heavily-shorted names this year. More than 38% of the Beyond Meat shares available for trading are sold short, according to FactSet.

Ethan brownRam krishnanPlanet partnershipPatties of beyond meat incBeyond meatBeyond burgerUnited nationGlobal chief commercial officerஈதன் பழுப்புரேம் கிருஷ்ணன்கிரகம் கூட்டுபட்டீஸ் ஆஃப் அப்பால் இறைச்சி இன்க்அப்பால் இறைச்சிஅப்பால் பர்கர்ஒன்றுபட்டது தேசம்உலகளாவிய தலைமை வணிகரீதியானது அதிகாரி

PepsiCo creates plant-based joint venture with beyond Meat

By Edward Devlin2021-01-26T16:51:00+00:00 The joint venture will be managed through a new company called The Planet Partnership PepsiCo has teamed with Beyond Meat to take advantage of the booming meat alternatives market and develop a host of new plant-based snacks and drinks. The joint venture will be managed through a new company called The Planet Partnership and will leverage Beyond Meat’s technology in plant protein and PepsiCo’s expertise in marketing and commercial scale. Shares in Beyond Meat soared 26% on the back of the news to reach the $200 price range not seen since November when the stock collapsed following a disappointing third-quarter performance.

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Beyond Meat and PepsiCo join forces to create plant-based snacks and drinks

Beyond Meat and PepsiCo join forces to create plant-based snacks and drinks
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Ethan brownEl segundoRam krishnanPlanet partnershipTyson foodsPizza hutBeyond meatCalifornia based beyond meatஈதன் பழுப்புஎல் செகுண்டோரேம் கிருஷ்ணன்கிரகம் கூட்டுடைசன் உணவுகள்பீஸ்ஸா குடிசைஅப்பால் இறைச்சிகலிஃபோர்னியா அடிப்படையிலானது அப்பால் இறைச்சி

Pepsi teams up with Beyond Meat to develop snacks and drinks - Business News

Pepsi teams up with Beyond Meat to develop snacks and drinks - Business News
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El segundoRam krishnanPlanet partnershipTyson foodsPizza hutBeyond meatCalifornia based beyond meatஎல் செகுண்டோரேம் கிருஷ்ணன்கிரகம் கூட்டுடைசன் உணவுகள்பீஸ்ஸா குடிசைஅப்பால் இறைச்சிகலிஃபோர்னியா அடிப்படையிலானது அப்பால் இறைச்சி

Beyond Meat stock price explodes after striking a JV partnership with PepsiCo

The new joint venture will use PepsiCo’s production and marketing expertise BYND stock price initially exploded nearly 40% in pre-market trading Tuesday before rotating lower Shares of Beyond Meat (NASDAQ: BYND) are trading about 18% higher today after the company announced a partnership with PepsiCo to create plant-based products. Fundamental analysis: Major deal for BYND agreed Two companies announced a partnership to create a joint venture “The PLANeT Partnership”. The company will create and sell plant-based snacks and drinks. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. “Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products,” said Ram Krishnan, PepsiCo Global Chief Commercial Officer.

Ethan brownRam krishnanPlanet partnershipBeyond meatPepsico global chief commercialBeyond meat founderஈதன் பழுப்புரேம் கிருஷ்ணன்கிரகம் கூட்டுஅப்பால் இறைச்சிபெப்சிகோ உலகளாவிய தலைமை வணிகரீதியானதுஅப்பால் இறைச்சி நிறுவனர்