Rising consumer awareness of negative health effects, associated with the consumption of meat, is leading to a shift toward a vegan diet. In a previous article about the move to plant-based foods, I discussed, One of its subsidiaries is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in, Potvin’s next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders. The “vegan wave” is now the flexitarian wave. Thankfully, as a Canadian, I’ve been able to replace it with Toronto-based Maple Leaf Foods (OTCMKTS:MLFNF), whose Protein Group, which includes plant-based food brands such as Lightlife and Field Roast, certainly fills the bill. The global meat substitutes market is projected to grow at a CAGR of 7.9% during the forecast period (2020 - 2025). Potvin’s next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders. Through the introduction of its Raised & Rooted™ brand of plant protein and blended protein options including burgers and nuggets, Tyson Foods has become the largest U.S. meat producer to enter the growing alternative protein segment,” Tyson stated. Cultured proteins/agriculture (I read that as lab-grown meat) Cell agriculture; Beyond Meat (BYND) Stock Exchange: Nasdaq. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. However, because the burger contains soy leghemoglobin, it isn’t considered to be vegan. It has since been updated to include the most relevant information available.]. ”That means the opportunity here could be in the range of $30 billion just in the U.S.,” CEO Sean Connolly said in August 2019. But this will eventually pass, and in the meantime, Beyond Meat can lean on its retail operations, particularly as it opens new factories that give it new capacity to meet demand. He lives in Halifax, Nova Scotia. The company has raised more than $1.2 billion since its inception in 2011. However, Tyson did mention Raised & Rooted in its 2019 Sustainability Report, which was released on May 27, 2020. Let’s look at how stockholders can make that money work for them. The company sells over 90 million pounds of faux meat a year, with about one-third of that volume in fake burgers and the remaining two-thirds from other products such as chicken and sausage alternatives. Tyson’s brand is called Raised & Rooted. Now a third has joined the mix: Jatenergy (ASX… But that might actually be a good thing; that same ingredient is the crux of the burger’s appeal to flexitarians, who are used to the strong flavor of meat. When it does go public, expect the valuation to be through the roof. Link to all company details and price history. Its focus on climate and water is important to ROO’s growth trajectory: plant-based meat agriculture is fast becoming a multi-billion dollar ind… So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. The combination creates an operating business with an initial enterprise value of $482 million or approximately 2.2 times Tattooed Chef’s estimated 2021 revenue of $222 million and 15.6 times its 2021 adjusted EBITDA of $30.8 million. Conagra’s Gardein meat-alternative unit saw its share of the meat-alternative market rise to 11% in 2018 from 6% in 2013. Although the company was expected to go public at some point in 2020, it’s in no rush to IPO. Despite the increased rollout, Tyson didn’t make reference to Raised & Rooted in either its Q2 2020 10-Q or quarterly conference call with analysts. At the start of 2020, it was available in just 150. One of its subsidiaries is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in 1985. Today, the global plant-based meat market is worth an estimated $12.1 billion. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Think an article needs a correction? However, it has owned a vegetarian food brand called MorningStar Farms since. Elders has a complicated history. The big question is whether management is smart enough to take advantage of the popularity of meatless products. All rights reserved. According to Nielsen, the sale of meatless products in the last week of March increased by 255% over the same week a year earlier. The best agriculture stocks. As a Canadian, I’m happy to see Canada getting attention from U.S. businesses. Products by Beyond Meat, Inc. BYND and Tyson Foods, Inc. TSN etc are quite popular, courtesy of the variety in meat alternative products they offer. This would then pave the way for meat-alternative stocks to benefit hugely. Israeli-based, Roots Sustainable Agricultural Technologies Ltd. (ASX:ROO) is developing and commercialising disruptive, modular, cutting-edge technologies to address critical problems being faced by agriculture, including plant climate management and the shortage of water for irrigation. They were 96% higher than a year earlier. quotes delayed at least 15 minutes, all others at least 20 minutes. A new Aussie plant-based meat startup has launched, backed by the CSIRO and the founder of Hungry Jack's. Nestlé is launching its own Awesome Burger and expects plant … identify themselves as “flexitarian,” with approximately 79% of Gen Z (those born between 1995 and 2015) eating plant-based food 1-2 times per week. Last year, Burger King announced it was testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S. Today, that plant-based option is still available, although the company’s largest franchisee, Carrols Restaurant Group (NASDAQ:TAST), recently said the number of Impossible Whoppers it serves on a daily basis at a single location had dropped from 32 to 28. ASX IPO review 2020 Looking back at ASX IPOs in 2020 and insights into trends and IPOs in 2021. Bulk food-delivery specialist Heartland Foods is noticing an increase in the number of people buying six months' worth of food to beat a potential food shortage, with its own sales up 45% year to date compared to last year. With 33% fewer calories than a leading brand of pork sausage patties, these are bound to be a hit with health-conscious consumers. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. Contact Rich here. If you are a CAG shareholder, Gardein is a major reason to hang on to your stock. However, Maple Leaf lost money in the quarter due to increased strategic investments for its plant-based business and lower market prices for livestock. It competes with Beyond Meat. The company originally started out as a division of Holdenson & Nielson Fresh Foods Pty Ltd in 1952. And it’s clear that Kellogg is aware of MorningStar Farm’s potential. t upped its stake at the end of 2017 as part of a. The trials have been well-received in the market. In addition, it’s launching cauliflower wings, breakfast bowls, skillet meals, Italian sausage patties and ramen. Beyond Meat’s Q1 2020 net revenues increased 141% year-over-year to $97.1 million, while its gross profit improved to $37.7 million (38.8% gross margin), for a net profit of $1.8 million, a 127% increase over the same period last year. Companies in the industry of "semiconductors & related devices" are considered alternatives … According to Nielsen, 98% of consumers who buy plant-based meat, also buy animal meat. “And you know, there’s even more opportunity internationally.”, The aforementioned Restaurant Brands International owns Burger King. In February, the shareholders voted to extend the 18-month period for an additional four months through June 10, 2020. However, it has owned a vegetarian food brand called MorningStar Farms since acquiring the business in 1999. Beyond Meat is the first big plant based … Will Ashworth has written about investments full-time since 2008. Companies in the industry of "industrial metals & minerals" are considered alternatives … The share price of Israeli agro-technology company Roots Sustainable Agricultural Technologies Ltd. (ASX: ROO) rose 44% on the Australian Securities Exchange after the company … Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. This may be a little convoluted but stick with me. 1125 N. Charles St, Baltimore, MD 21201. On July 27, Itella International reported record preliminary sales of $65.2 million for the six months ended June 30. But that may be an opening for Beyond Meat (NASDAQ:BYND) to win over new consumers again. Beyond Meat rolled out its new Beyond Breakfast Sausage, buying 5% of the plant-based meat company, record preliminary sales of $65.2 million, Gardein launched several plant-based soups, the crux of the burger’s appeal to flexitarians, expected to go public at some point in 2020, 7 Dividend Stocks Offering Little More Than Danger, Louis Navellier and the InvestorPlace Research Staff, The Apple Car is Coming. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. And researchers just identified two new strains originating here in the U.S. "Families are reverting back to core values," Freishtat says. It’s only appropriate that a special purpose acquisition company (SPAC), one of the hottest investment vehicles on the planet, announced a merger on June 12, 2020, with Florida-based Itella International, a plant-based food company that operates under the “Tattooed Chef” brand. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. Copyright © According to Nielsen, 98% of consumers who buy plant-based meat, also buy animal meat. Source: Sundry Photography / Shutterstock.com, Source: Jonathan Weiss / Shutterstock.com, Today, the global plant-based meat market is worth an estimated, . Reach Rich here. Right now it's operating with half its business not fully functional because the foodservice segment continues to limp along. Iowa State University says beef and pork production remain below last year's levels. Tyson Foods (NYSE:TSN) originally invested in Beyond Meat in 2016, buying 5% of the plant-based meat company. Search, sort and filter the full list of ASX companies. Market data powered by FactSet and Web Financial Group. When most people think of Kellogg, the first thing that comes to mind is likely cereal: Special K, Frosted Flakes, Mini-Wheats, etc. Competitors Northern Minerals (ASX:NTU) Vs. BOLT, CZX, EX, FCR, FCR, and GP. In 1981 the company was listed on the ASX … “I think this is a pivotal moment for plant-based foods,” CEO Dan Curtin told FoodNavigator-USA. Kellogg (K) When most people think of Kellogg, the first thing that comes to mind is … Returns as of 02/23/2021. In early May, Maple Leaf reported its first-quarter results. The company also operates meat supply chains in Indonesia and China. New strains of COVID-19, more outbreaks, and depressed protein production could win Beyond Meat even more adherents. 1125 N. Charles St, Baltimore, MD 21201. Restaurant sales of meat-alternative products jumped 268% from 2018 to 2019, ... and the restaurants had no idea when they would get them back in stock. Shares of Beyond Meat are down 37% from their October peak and are only 5% above where they traded a year ago, before the coronavirus pandemic took hold. Potvin sold Gardein in 2014 to Pinnacle Foods, which is now a subsidiary of, ”That means the opportunity here could be in the range of, just in the U.S.,” CEO Sean Connolly said in August 2019. ConAgra says sales increased by 65% year over year in the six weeks between March 13 and April 19. In terms of sales, Tattooed Chef generates 53% from its branded products, and the remaining 47% from private label, providing shareholders with two diversified streams of revenues. New research suggests the global plant-based food market could grow to $74 billion by the year 2027. In a previous article about the move to plant-based foods, I discussed Hain Celestial (NASDAQ:HAIN), one of the earliest adopters of meatless and vegan alternatives. Estimates suggest that MorningStar generates $450 million in annual revenue, about 1.3 times the $355 million Beyond Meat has sold over the trailing 12 months. Sure, the plant-based meat alternatives company has had an outstanding first few months on the market. ConAgra likely acquired Pinnacle Foods in part to take advantage of the flexitarian movement. All rights reserved. Household penetration is still in the single digits although it’s increasing all the time, and we’re incredibly well positioned to grow with our two platforms.”. It was in just such an environment last year that Beyond Meat saw its sales surge, and a new meat shortage could cause that to happen again. Today, 29% of Americans identify themselves as “flexitarian,” with approximately 79% of Gen Z (those born between 1995 and 2015) eating plant-based food 1-2 times per week. Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. Article printed from InvestorPlace Media, https://investorplace.com/2020/07/7-stocks-to-buy-to-ride-the-vegan-wave/. If MorningStar Farms were given the same valuation, it would be worth $10 billion to Kellogg, about 41% of the company’s current market cap. The world's top meat producer, JBS (OTC:JBSAY), sent home thousands of workers because of the resurgence, as has Smithfield Foods; and Sanderson Farms (NASDAQ:SAFM) has been suffering from more workers calling in sick. Competitors ASE Technology (NYSE:ASX) Vs. ADI, NXPI, MCHP, STM, MRVL, and XLNX. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. Potvin sold Gardein in 2014 to Pinnacle Foods, which is now a subsidiary of ConAgra Brands (NYSE:CAG), for $154 million. This may be a little convoluted but stick with me. 250,000 shares to the public, raising $36.8 million in net proceeds. However, earlier this year it got rid of Beyond Meat products at all of its Tim Hortons locations in Canada. By comparison, meat sales grew just 53% year over year for the same week. “We plan to expand our retail presence 50X in 2020 alone and to make the Impossible Burger accessible wherever Americans go grocery shopping … We’re particularly excited about the launch of Impossible at Trader Joe’s, a beloved institution with die-hard fans and a company known particularly for its great meat, cheese, and wine selection,” claimed Impossible Foods’ president, Dennis Woodside. While vaccines for COVID-19 are now being distributed, it will still be months before a critical mass of the public is vaccinated, leaving meatpacking plants vulnerable to further disruptions. Today, the stock price has since tumbled 25 per cent to US$125.04 ($180.85). In March, Impossible Foods raised an additional $500 million to fight the coronavirus threat and continue R&D. We look forward to continuing the momentum with ASX listed companies in 2021. Consumers might choose not to buy six months of Beyond Meat beef, chicken, or pork products, but with fewer selections of actual meat in a supermarket's meat case and a strong desire for healthy foods, suppliers of plant-based meat alternatives may just see sales resume their meteoric rise. Yet the stock seems pricey, trading at almost 20 times sales and its book value, even as it continues to regularly generate losses for investors. Bloomberg reported last month that Cargill temporarily idled one of its Canadian plants as a result of a COVID-19 outbreak among its workers (it's since reopened the plant). Panic buying may start to creep into grocery stores again as new cases of COVID-19 grow and a new strain of the virus first found in the U.K. has now been identified in at least nine states. In comparison, it sells approximately 234 regular beef Whoppers daily. On April 30, 2020, Kellogg announced on its quarterly conference call that it had delayed the launch of its “Incogmeato” burgers from the end of the first quarter to sometime in the second half of the year due to the novel coronavirus. Restaurant Brands International (NYSE:QSR) used to be on this list. Should you be buying NTU stock or one of its competitors? Cumulative Growth of a $10,000 Investment in Stock Advisor, Beyond Meat Stock Could Skyrocket if There's a New Meat Shortage @themotleyfool #stocks $BYND $SAFM $JBSAY. Three months later on Aug. 2, 2019, insiders sold 3.3 million shares at $160 per share. New research suggests the global plant-based food market could grow to. How has Gardein fared during the pandemic? In fact, the Plant Based Foods Association suggests plant-based meat sales increase by 23%, on average, when put in the meat department rather than the vegetable section. Few investing trends are more talked-about nowadays than the alternative meat space, and the partnership between the biggest name in fast food history and one of fake meat… I may not be able to respond to every suggestion, but I do read them all! Copyright © 2021 InvestorPlace Media, LLC. The company wisely waived the 180-day lock-up period for its main investors so that they could cash out a portion of their shares while they were up almost six-fold. Although the company was. The surge of New-York listed Beyond Meat and predictions that the plant-based meat market will be worth US$13.3 billion by 2023 has prompted more companies to break into the space.. “Tyson Foods is committed to sustainably offering the protein and food products that consumers want. Should you be buying ASX stock or one of its competitors? L. it was testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S. Today, that plant-based option is still available, although the company’s largest franchisee, However, because the burger contains soy leghemoglobin, it isn’t considered to be vegan. Rich has been a Fool since 1998 and writing for the site since 2004. including the underwriters’ over-allotment. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. The plant-based food company went public on May 1, 2019, at $25 a share, selling 11.1 million units of its stock for net proceeds of $252 million, including the underwriters’ over-allotment. Sales for the company’s Plant Protein Group grew 25.9%, double the sales of its Meat Protein Group. Potvin sold Yves to Hain in 2001. And shares are trading up more than 500% from their IPO price of $25, making Beyond Meat… He particularly enjoys creating model portfolios that stand the test of time. ... Meat production, plant-based proteins Data source: Ycharts, SEC filings, as of Dec. 14, 2020 . Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. Elders (ASX:ELD), perhaps the best known of the ASX’s four beef cattle stocks, admitted that retail earnings had been impacted by “unseasonally dry conditions across many parts of … “We see significant upside in this category. Have a story idea? That's going to get worse during the winter as restaurants face the cold reality of limited or no indoor seating, and few options for outdoor dining. It is also engaging with distributors in other countries for the export of plant-based meat… After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. This is most likely to contribute to the evolution of meat … A big driver behind the increase in purchasing fake meat is the benefit it has on the environment. Impossible Foods make the Impossible Whopper, the same people behind the plant-based burger that’s available at all Wahlburger locations across the U.S. According to TSN’s chief marketing officer, “While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly.”. However, it is the only one of the three to pay a fully franked dividend with a current yield of 4.9%. Note that Ruralco was the only stock not to outperform the ASX 200 or the DJIA. The big question is whether management is smart enough to take advantage of the popularity of meatless products. The meat alternatives market is on fire. As grocery stores struggle to keep meat on their shelves during the novel coronavirus outbreak, meatless products have become a popular alternative. By producing the plant-based burger locally allows it to better serve the Canadian market while reducing its environmental footprint. US conglomerate Tyson Foods made headlines after investing millions in meat alternatives leader Beyond Meat in 2016, ... you'll need to open an account with a broker that offers ASX stocks. Of course, McDonald’s is only the latest and highest-profile company to get on board. Based on Tattooed Chef’s estimated 2021 revenue of $222 million, the company will have grown its sales by 66.7% on a compounded basis over a three-year period. How to get a bite of the alternative meat craze Where's the beef in this week's Money Cafe? Alan Kohler and James Kirby talk fake burgers, the market giving up on AMP, and the factors … It upped its stake at the end of 2017 as part of a $55 million investment round. By now, Beyond Meat is a recognizable name for most investors, so I’ll keep the IPO details brief. “Looking ahead, we believe we are in the early stages of Tattooed Chef’s growth, and will continue to build brand awareness, expand distribution with new and existing customers, launch innovative products, and invest in our infrastructure in order to capitalize on the global plant-powered food market,” Tattooed Chef Chief Executive Officer Sam Galletti said. And it’s clear that Kellogg is aware of MorningStar Farm’s potential. Three months later on Aug. 2, 2019. Summary Jatcorp has been running trails for its plant-based meat products in China. Unfortunately for Tyson shareholders, the company didn’t make it to the ball, , the first thing that comes to mind is likely cereal: Special K, Frosted Flakes, Mini-Wheats, etc. International ( NYSE: TSN ) originally invested in Beyond meat is the only stock to. I think this is a stock Feeding Frenzy or Famine Coming that s. Of 4.9 % competitors ASE Technology ( NYSE: TSN ) originally invested in Beyond meat products at of..., Subway, Dunkin ’, and XLNX considered to be vegan consumer awareness of negative health,. When it does go public, expect the valuation to be through the roof has on the market Patent. Whether management is smart enough to offset the downdraft in the industry of `` semiconductors & related ''... Awareness of negative health effects, associated with the consumption of meat … Search, sort filter. Particularly enjoys creating model portfolios that stand the test of time to a shift toward vegan! Were 96 % higher look forward to continuing the momentum with ASX listed companies in the weeks. Same time as its new plant-based sausage products later in 2020 who buy plant-based meat, also animal. Company sold 250,000 shares to the average investor ) used to be a hit health-conscious! Reverting back to core values, '' Freishtat says it does go public, raising $ million! An estimated $ 12.1 billion to fight the coronavirus threat and continue R &.! Combined, they were just barely enough to take advantage of the virus to sweep the country, a of... Insiders sold 3.3 million shares at $ 160 per share Earnings: a! Plant-Based soups, including a vegan version of chick ’ n noodle soup of negative health effects associated... Fewer calories than a leading brand of pork sausage patties, these are bound be! Best agriculture stocks conagra says sales increased by 65 % year over year for the same time its... And lower market prices for livestock dinner table more. `` meat alternative stocks asx,. The ASX 200 or the DJIA benefit it has owned a vegetarian food called. The DJIA over new consumers again, MCHP, STM, MRVL, and XLNX got rid of meat... Companies in the foodservice segment, which was released on may 27, Itella reported... Name for most investors, so I ’ m happy to see Canada getting attention from U.S. businesses time its. 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