Beyond Meat surges as Starbucks looks for meat alternatives

Tuesday, 21. January 2020 19:00

Investors flocked to Beyond Meat on Tuesday after Starbucks revealed that it is looking to add meat alternatives to its breakfast menu. McDonald's has already teamed up with the faux meat producer and is testing new products in Canada.

The Seattle-based company declined to comment on specific brands, apart from telling Bloomberg News in an email that it is "exploring meat alternatives."

Beyond Meat's stock rocketed 15.49% to $126,06 per share at 12:57 pm CET. In the last 30 days, the company's stock has surged over 63% as it partnered up with major food chains, such as Dunkin’ Brands Group, Del Taco and Subway.

Related Links: Starbucks CorporationBeyond Meat, Inc.
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Breaking the News / GG