(Bloomberg) -- Investors looking to take a bite out of innovation in the food industry have a new item on the menu: an ETF. Most Read from BloombergReliving the New York Subway Map Debate‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransAutomating the War on Noise PollutionThe VanEck Future of Food ETF will be the firm’s first to employ bottom-up, fundamental research and
Tuesday morning, global financial services mainstay HSBC Holdings initiated coverage on Beyond Meat shares. The company probably wishes the bank hadn't; analyst Jeremy Fialko put a reduce (sell) tag on the stock, at a $62 per share price target. Both privately held up-and-comers like Impossible Foods and publicly traded comestibles majors such as Tyson Foods have developed meat alternatives with a range of products.
Yahoo Finance Live discusses U.S. plant-based meat sales declining as low as 0.6% in 2021.