By Caoimhe Toman
Date: Monday 26 Aug 2019
LONDON (ShareCast) - (Sharecast News) - Beyond Meat and KFC announced a partnership on Monday to test fried plant-based nuggets and boneless wings from the Beyond Fried Chicken range at one KFC branch in Atlanta.
The test will be carried out one day where customers will receive a free sample when they purchase something, and KFC will ask for their feedback.
This is the first test of a potential national rollout, KFC told Bloomberg on Monday. It is also the first time a national US fast-food chain will introduce a vegan chicken option in its menu.
Although, KFC is not the first fast-food chain to try out vegan options, Burger King rolled out its Impossible Whopper from Impossible Foods to all of its US stores recently and Subway announced a partnership with Beyond Meat to serve a vegan Meatball Marinara in the US and Canada.
The news was well received by investors in Beyond. The company's stock soared as high as $234.90 a share. Beyond shares remain up 487% since its initial public offering in May.
Yum Brands' stock, valued at $35.3bn, is up 26% this year.
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Currency | US Dollars |
Share Price | $ 143.94 |
Change Today | $ -0.10 |
% Change | -0.07 % |
52 Week High | $162.53 |
52 Week Low | $123.25 |
Volume | 1,142 |
Shares Issued | 279.00m |
Market Cap | $40,159m |
Beta | 0.42 |
RiskGrade | 105 |
Strong Buy | 5 |
Buy | 1 |
Neutral | 22 |
Sell | 0 |
Strong Sell | 0 |
Total | 28 |
Time | Volume / Share Price |
16:00 | 1,127,216 @ $143.94 |
15:59 | 100 @ $143.92 |
15:59 | 4,190 @ $143.98 |
15:59 | 300 @ $143.97 |
15:59 | 100 @ $143.95 |
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