McDonald's (MCD) Announces its Exclusive Plant-Based Burger, McPlant; Beyond Meat (BYND) Shares Collapse
Tweet
Share
E-mail
Get Alerts MCD Hot Sheet
Price: $255.69 -1.52%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: +3.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: +3.5%
Join SI Premium – FREE
On its conference call Monday, McDonald's (NYSE: MCD) announced it will be creating its own plant-based burger, the McPlant.
McDonald said some markets will be testing the burger next year.
Beyond Meat (NASDAQ: BYND), which has partnered with McDonald's in some markets and was expected to get a wide-U.S. partnership deal, is under heavy pressure on the news. Beyond Meat shares fell 5% before being halted on volatility as the news broke.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HII targets 15% shipbuilding throughput increase for U.S. Navy in 2026
- Teva plans senior notes offering to refinance existing debt
- ADARx Pharmaceuticals files for proposed IPO
Create E-mail Alert Related Categories
Corporate News, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
