Image by Sean Hayes from Pixabay

Despite all the hype regarding plant-based grocery and fast foods, there are very few publicly trading companies in that sector. That is going to change with the announcement that Kellogg Co. plans to split into three independent companies, of which one will focus exclusively on plant-based foods, by the end of 2023.

The munKNEE Pure-Play Plant-Based Food Stocks Index

Below is the stock price performance of each of the 5 constituents in June, in descending order, and YTD:

1. Tattooed Chef (TTCF): DOWN 12.4% in June; DOWN 59.5% 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.
     • Chance of Financial Distress in the next 2 years: 28%
     • Analyst Consensus: 9 stock analysts currently rate TTCF as a BUY.
2. Beyond Meat (BYND): DOWN 16.4% in June; DOWN 63.3% 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.
     • Chance of Financial Distress in the next 2 years: +46%
     • Analyst Consensus: 26 stock analysts currently rate BYND as a HOLD.
3. Oatly Group (OTLY): DOWN 17.4% in June; DOWN 56.5% YTD
   • the world’s original and largest oat drink company catering primarily to customers in Sweden, Germany, United Kingdom, Netherlands, Finland, and North America.
     • Chance of Financial Distress in the next 2 years: 29%
     • Analyst Consensus: 24 stock analysts currently rate OTLY as a BUY.
4. Guru Organic Energy (CSE: GURU; GUROF): DOWN 22.9% in June; DOWN 43.3% YTD
   • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
     • Chance of Financial Distress in the next 2 years: 26%
     • Analyst Consensus: No analysts are following GUROF
5. Else Nutrition (BABYF): DOWN 55.6%; DOWN 46.1% YTD
   • an Israel-based food and nutrition company focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults.
     • Chance of Financial Distress in the next 2 years: 28%
     • Analyst Consensus: No analysts are following BABYF

The munKNEE Pure-Play Plant-Based Food Stocks Index went DOWN 17.9% in June and is now DOWN 59.7% YTD.

We think the above Index reflects the true health of the plant-based food stocks sector in the U.S. and Canada.

The world's first plant-based ETF, the VegTech™ Plant-based Innovation & Climate ETF (EATV), launched last December and was listed on the NYSE on June 23rd. The ETF consists of 43 companies up and down the supply chain (see here) that are innovating with plants and plant-derived ingredients to create animal-free products for sustainable consumption.