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 | $ 150.29 |
| Change Today | $ -0.20 |
| % Change | -0.13 % |
| 52 Week High | $162.53 |
| 52 Week Low | $123.25 |
| Volume | 2,593,836 |
| Shares Issued | 279.00m |
| Market Cap | $41,931m |
| Beta | 0.33 |
| RiskGrade | 105 |
| Strong Buy | 5 |
| Buy | 7 |
| Neutral | 16 |
| Sell | 1 |
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| Time | Volume / Share Price |
| 15:59 | 100 @ $150.31 |
| 15:59 | 100 @ $150.29 |
| 15:59 | 100 @ $150.29 |
| 15:59 | 100 @ $150.29 |
| 15:59 | 100 @ $150.29 |
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