Major Plant-Based Food Stocks Up 8% This Week; Still Down +80% YTD

Image by Sean Hayes from Pixabay

You would think with all the hype that there would be many companies in the plant-based food sector, but:

  • there are very few such companies that are publicly traded and
  • there are even fewer that are pure-play (i.e. true consumer packaged goods companies that only research, develop, process, market, distribute their products to grocery retailers) as opposed to companies researching, developing and selling plant-based proteins for the industry and major grocery retailers with their own plant-based brands) and
  • there are only five (5) plant-based food companies that have a market capitalization of at least $50M. Those are the constituents in our (nontraded) munKNEE Plant-Based Food Stocks Index.

In previous articles I wondered out loud how much further the largest plant-based food stocks would decline before finally reaching bottom and, given the performance of the munKNEE Plant-based Food Stocks Index this week, it might finally have done so.

Below is a summary of how well the Index constituents performed this week, in descending order, and in the past 6 weeks  (i.e. since late October):

  1. Beyond Meat (BYND): UP 12.5% this week; DOWN 7.9% in the last 6 weeks
    • 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): UP 1.3% this week; DOWN 34.4% in the last 6 weeks
    • the world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America
  3. Guru Organic Energy(GUROF): No Change this week; DOWN 51.5% in the last 6 weeks
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink
  4. Tattooed Chef (TTCF): DOWN 6.2% this week;  DOWN 68.0% in the last 6 weeks
    • 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
  5. Else Nutrition (BABYF): DOWN 7.1% this week; DOWN 23.5% in the last 6 weeks
    • 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.

In total, the munKNEE Plant-Based Food Stocks Index went UP 8.0% this week but has gone DOWN 26.7% in the last 4 weeks, and is now DOWN 80.6% YTD.

More By This Author:

Major Psychedelic Drug Stocks Went Up 7% This Week; Still Down 46% YTD
Conservative Cannabis Stocks Index Up 5.7% In November; Now +4.6% YTD
Ancillary Cannabis Companies Continued To Outperform S&P 500 In November

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