Image by Sean Hayes from Pixabay

There are now only 2 pure-play plant-based food stocks with market caps in excess of $100M and they are tracked in our munKNEE Plant-based Food Stocks Index along with one company whose stock was only recently above $100M but has seen its stock price tumble - and hence its market capitalization - in light of its severe financial troubles. It will be removed from the Index in future articles. Their stock price performances for the month of May in descending order, and YTD, are presented below:

1. Beyond Meat (BYND): DOWN 25.0% in May; DOWN 17.4% YTD
   • Seeks to replicate the look, "cook", and taste of meat. Its products are sold in the meat case of retail food stores across the U.S. and Canada and 83 other countries.
2. Oatly Group (OTLY): DOWN 32.2% in May; DOWN 9.2% YTD
   • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
3. Tattooed Chef (TTCF): DOWN 64.3% in May; DOWN 55.6% YTD
   • Offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.

Summary

The munKNEE Plant-Based Food Stocks Index was DOWN 29.5% in May and is now DOWN 19.6% YTD.

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