Beyond Meat call volume above normal and directionally bullish » 10:2502/1802/18/20
Bullish option flow…
Bullish option flow detected in Beyond Meat with 36,583 calls trading, 1.5x expected, and implied vol increasing over 6 points to 90.19%. Feb-20 125 calls and Feb-20 130 calls are the most active options, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 0.31. Earnings are expected on February 27th.
|Over a week ago|
Pershing Square boosts Howard Hughes stake, lowers Starbucks stake » 16:4102/1402/14/20
HHC, A, SBUX, CMG, HLT, LOW, QSR, BRK.B
Pershing Square disclosed…
Pershing Square disclosed in an SEC filing its holdings as of December 31, 2019. In the fourth quarter, Pershing increased its stake in two holdings, by size of previous position, Howard Hughes (HHC) and Agilent Technologies (A). Pershing reduced its stake in one holding, Starbucks (SBUX). Pershing's top holdings as of December 31, 2019, in order of size, were Chipotle Mexican Grill (CMG), Hilton Worldwide Holdings (HLT), Lowe's Companies (LOW), Restaurant Brands International (QSR), and Berkshire Hathaway (BRK.B).
Tiger Global adds PayPal, exits Fiat Chrysler in Q4 » 14:0302/1402/14/20
PYPL, GOOGL, CDLX, XP, BILL, FCAU, MELI, W, SWCH, BYND, UBER, ESTC, PDD, MDB, RNG, BABA, MSFT, FB, CRM, ADBE, JD, APO, TDG
Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of December 31, 2019. The fund's five new buys during the fourth quarter included, by size of position, PayPal (PYPL), Alphabet Class A (GOOGL), Cardlytics (CDLX), XP Inc. Class A (XP), and Bill.com (BILL). Tiger exited 16 positions during the quarter, including by size of previous position Fiat Chrysler (FCAU), MercadoLibre (MELI), Wayfair (W), Switch (SWCH), and Beyond Meat (BYND). The fund increased its stake in 15 holdings, including by size of previous position Uber (UBER), Elastic (ESTC), Pinduoduo (PDD), MongoDB (MDB), and RingCentral (RNG). Tiger reduced its stake in 17 holdings, including by size of previous position Alibaba (BABA), Microsoft (MSFT), Facebook Class A (FB), Salesforce (CRM), and Adobe (ADBE). The fund's top holdings as of December 31, in order of size, were JD.com Class A (JD), Apollo Global (APO), Microsoft, Facebook, and TransDigm (TDG).
Beyond Meat price target raised to $117 from $106 at Bernstein » 06:3302/1402/14/20
Bernstein analyst Alexia…
Bernstein analyst Alexia Howard raised her price target for Beyond Meat (BYND) to $117 from $106 and maintained a Market Perform rating. In a research note to investors Howard says she sees upside from a wider McDonald's (MCD) partnership and having previously estimated that Beyond Meat could generate $168M sales from a McDonald's partnership in the U.S., but now estimates Beyond Meat could generate $227M-$306M in incremental sales from a potential McDonald's rollout in the U.S. The analyst continues to believe that Beyond Meat's near-term sales growth potential in the U.S. is largely priced in at this point, but thinks there could be upside if Beyond Meat further expands its capacity and more meaningfully expands into international markets.
Fly Intel: Top five analyst initiations » 10:0902/1302/13/20
SBUX, COST, BJ, FBIO, VRNS, XLNX
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Starbucks (SBUX) initiated with a Buy at MKM Partners. 2. BJ's Wholesale (BJ) initiated with an Outperform at Credit Suisse while Costco (COST) was initiated with a Neutral. 3. Fortress Biotech (FBIO) initiated with an Overweight at Cantor Fitzgerald. 4. Varonis (VRNS) initiated with an Outperform at William Blair. 5. Xilinx (XLNX) initiated with an Equal Weight at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Starbucks initiated with a Buy at MKM Partners » 08:1802/1302/13/20
MKM Partners analyst…
MKM Partners analyst Brett Levy initiated coverage of Starbucks with a Buy rating and $105 price target. The analyst is positive on the company's "unique long-term mix" to build out its "dominant" global business, sustain its strong in-store operations, and continue to make investments in its supply chain and digital infrastructure. Levy adds that the low-double-digit total shareholder returns for Starbucks over the long term warrants his Buy rating, even though the company's operations in the near term may be impacted by the China-related concerns, making the stock volatile.
Beyond Meat founder Ethan Brown discloses 5.1% stake in company » 17:0202/1202/12/20
This stake is a passive…
This stake is a passive stake. It does not allow for activism in the issuer.
Starbucks initiated with a Buy at MKM Partners » 16:1402/1202/12/20
MKM Partners analyst…
MKM Partners analyst Brett Levy initiated coverage of Starbucks with a Buy rating and $105 price target.
Kellogg's Incogmeato launches vegan pork products, CNBC says » 15:4102/1202/12/20
Kellogg's (K) Incogmeato line, which is part of the MorningStar Farms brand, will introduce meatless bratwurst and Italian sausage, according to CNBC's Amelia Lucas. This follows similar announcements from Impossible Foods and Beyond Meat (BYND). Reference Link
Micron upgrade, Beyond Meat initiation among today's top analyst calls » 11:0602/1202/12/20
MU, LVS, WYNN, BYND, MCD, BA, UAA
Check out today's top…