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Beyond Meat shares fall slightly on food safety concerns (NASDAQ:BYND)


Beyond Burger and Beyond Beef packages

Sundry photography

Health issues at Beyond Meat (NASDAQ:BYND) manufacturing facilities added to concerns surrounding the company on Monday.

Based on documents seen by Bloomberga plant in Pennsylvania suffered from “apparent mold, Listeria and other food safety issues” for the first time in the second half of 2022. The report indicated that factory-produced meat substitutes tested positive for Listeria “at least 11 times” during the first six months of the year, and staff also confirmed the presence of the virus. bacteria and the use of unsafe equipment at company facilities.

To be sure, the company was not sanctioned by food safety regulators, not found to promote unsafe working conditions in third-party audits. The Pennsylvania Department of Agriculture last visited the facility in late September, but Bloomberg reports that it was not a safety inspection. Instead, the state agency is investigating the factory’s unpaid registration. The FDA has yet to inspect this particular plant.

For example, Listeria bacteria can be killed with heat, with an internal temperature of 165 degrees Fahrenheit recommended by regulatory agencies. The USDA recently warned consumers about the microbial risk of plant-based foods based on consumer misconceptions.

“Many consumers believe that plant-based foods are highly processed,” said John Luchansky, lead scientist at the Agricultural Research Service’s Food Safety and Intervention Technology Research Unit. minimal, healthier and nutritionally superior to similar foods of animal origin. interview.

He points out that this belief is false, as plants can also harbor pathogens and should be cooked to the same level as raw ground beef.

Beyond Meat shares (BYND) fall 2.08% in afternoon trading Monday, extending the roughly 80% decline in stocks year-to-date.

Read more about the company latest earnings results.

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