New 'Ground Beef' Product<br />Boosts Beyond Meat Shares Shares of Beyond Meat are up more than<br />550% since the company went public in May 2019. According to CNN, a 10% spike in share values is being credited to the company’s recent announcement of a new ground beef product. The plant-based meat company<br />confirmed it would be releasing the<br />new product to grocery stores on June 24. The meat will contain pea protein, mung bean<br />protein and brown rice proteins, which will give<br />it the same culinary versatility as ground beef. The rise in shares is also being credited to<br />Beyond Meat’s partnership with companies<br />such as Tim Hortons and Carl’s Jr. When Tim Hortons first announced<br />their Beyond breakfast sandwiches in <br />June, Beyond Meat's stock went up 16%. JPMorgan analysts believe Beyond Meat’s<br />stocks could rise 30% if they secure a<br />partnership with McDonald’s. The plant-based meat alternative<br />market is estimated to be worth<br />$140 billion in the next decade.
