October Recap: Major Plant-Based Food Stocks Only Declined 1.2%

Image by Sean Hayes from Pixabay

The 5 stocks in the munKNEE Plant-based Food Stocks Index continue to trend downward but it slowed considerably in October (as of October 27th*).

Below are the details by a constituent in descending order of performance.

  1. Beyond Meat (BYND): UP 4.4% in October
    • 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. Guru Organic Energy (CSE: GURU; GUROF): No Change in October*  
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
  3. Else Nutrition (BABYF): No Change in October*
    • 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.
  4. Tattooed Chef (TTCF): DOWN 8.6% in October*
    • 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. Oatly Group (OTLY): DOWN 19.8% in October* 
    • the world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.

In total, the munKNEE Plant-Based Food Stocks Index went DOWN 1.2% in October which was a major improvement over the 31.5% decline in September and 23.0% decline in August, and is now DOWN 74.4% YTD.

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