E Market Took A Bite Out Of The Plant-Based Food Stocks Index In February

Average Sub-Total Performance: -3.8% YTD

  1. Laird Superfood Inc. (LSF) -18.5% YTD to $39.47/share
    • announced a new three-year partnership with U.S. Ski & Snowboard to be their official and globally exclusive functional coffee and coffee creamer sponsor.
    • introduced Focus Coffee, a blend of botanicals and a functional mushroom extract
  2. Beyond Meat Inc. (BYND+4.0% YTD to $145.48/share
    • signed a three-year deal agreement with McDonalds to be the preferred supplier for the "meat" in the fast-food giant's McPlant sandwich. The two might also co-develop other alt-protein menu items such as pork, chicken, and egg offerings.
    • negotiated an agreement with  Yum! Brands to "co-create and offer crave-able and innovative plant-based protein menu items that can only be found at KFC, Pizza Hut, and Taco Bell over the next several years." 
    • entered into a joint venture with PepsiCo to create, produce and market plant-based foods and drinks
  3. Guru Organic Energy (GUROF+15.5% YTD to $16.80/share
    • reported favorable Q4 and FY 2020 financial results

Average Sub-Total Performance: -0.5% YTD

*Please note: The 8 pure-play stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are just that, pure, and focused almost exclusively on the research, development, sales, distribution, and marketing of vegan food products and, as such, the Index reflects the true health of the plant-based food sector in the U.S. and Canada.

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William K. 2 months ago Member's comment

While a narrow focus may play some trends very well, there is a lot to be said in favor of diversification. As we see here.