Nestlé announced Monday that it will launch a plant-based burger in the US this fall through its Sweet Earth brand, CNBC reported. The news sent Beyond Meat shares down as much as 5%.
Year-to-date gains: 25%
Tyson Foods sent Beyond's stock lower Thursday when it announced its own brand of alternative-protein products, including plant-based nuggets and blended burgers made with beef and plants.
The line, Raised & Rooted, will roll out nuggets to national retailers this summer and blended burgers in the fall.
Year-to-date gains: 50%
Conagra Brands is the packaged-food company behind Duncan Hines, Reddi Wip, Marie Callender's, and Slim Jim.
The company also has a brand of vegan-meat products called Gardein that include plant-based turkey cutlets, chicken strips, chicken wings, burgers, sausage and meatless meatballs currently available at most grocery stores in the US.
The stock crashed at the end of 2018 after an earnings miss, but has regained lost ground in 2019 and is currently rated "overweight" by JPMorgan.
Year-to-date gains: 40%
Impossible Foods, the company behind the Impossible Whopper, is a privately-held company. Still, it's one to keep an eye on.
Compared to Beyond Meat, Impossible "has a far better product and I think ultimately will be the big gorilla because of that," said Eric Schiffer, CEO of the Patriarchal Organization.
Restaurant Brands International is the parent company of Burger King — which rolled out the Impossible Whopper this year — and Tim Hortons, which recently announced that Beyond Meat breakfast sandwiches were available on menus across Canada.
Fast-food chains are increasingly responding to the demand for plant-based mead alternatives, but Burger King and Tim Hortons are early adopters of such products.
Year-to-date gains: 33%
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