The a2 Milk Co Ltd (ASX: A2M) Share Price and News





  (20 mins delayed)

52 Week Range


1 Year Return


The a2 Milk Co Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $2.80 billion
P/E Ratio 20.20
Dividend Yield 0.00%
Shares Outstanding 721.98 million
Earnings per share 0.211
Dividend per share N/A
Year To Date Return -43.60%
Earnings Yield 4.95%
Franking -
Share Price

Day Change

52 Week Range


Yesterday's Close

Today's Open

Days Range



Avg. Volume (1 month)


as at 24 Feb 3:44pm

  • The a2 Milk Co Ltd (ASX: A2M)
    Latest News

    sad baby with bottle, infant formula price drop,
    Consumer Staples & Discretionary Shares

    A2 Milk shares drop amid Bubs trading halt

    What a year: A2 Milk shares are down 41% in 2023 and the Bubs share price has dropped 45%.

    Read more »

    A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
    Share Gainers

    Why A2 Milk, ASX, Droneshield, and Karoon Energy shares are racing higher

    These ASX shares are smashing the market today. But why?

    Read more »

    A bored woman looking at her computer, it's bad news.
    Share Market News

    Here are the top 10 ASX 200 shares today

    Do you own any of today's top-best performing ASX 200 shares?

    Read more »

    Two colleagues at work looking at a tablet and smiling at a rising share price.
    Broker Notes

    Brokers name 3 ASX shares to buy now

    Here's why brokers are feeling bullish about these three shares this week.

    Read more »

    A woman is excited as she reads the latest rumour on her phone.
    Share Gainers

    Why A2 Milk, Graincorp, Nexgen, and Spartan Resources shares are rising

    These ASX shares are ending the week on a positive note.

    Read more »

    A woman is unsure as she pours milk into a glass, has it gone sour?
    Consumer Staples & Discretionary Shares

    A2 Milk CEO: 'I understand shareholders are disappointed with the share price'

    The infant milk formula company held its annual general meeting today.

    Read more »

    A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.
    Share Market News

    5 things to watch on the ASX 200 on Thursday

    Here's what to expect on the ASX 200 on Thursday.

    Read more »

    A man in his 30s with a clipped beard sits at his laptop on a desk with one finger to the side of his face and his chin resting on his thumb as he looks concerned while staring at his computer screen.
    Consumer Staples & Discretionary Shares

    Why is the A2 Milk share price tumbling today?

    A2 Milk and Synlait Milk are going to arbitration to sort out a major dispute.

    Read more »

    a small girl sits with her hand holding up the side of her face as she looks down in a downcast manner as she drinks a glass of milk through a straw.
    Consumer Staples & Discretionary Shares

    September has been another disappointing month for A2 Milk shares. What now?

    Will October be a better month for A2 Milk than September?

    Read more »

    Woman on her laptop thinking to herself.
    Consumer Staples & Discretionary Shares

    A2 Milk share price falls on shock update

    A2 Milk is wanting to give Synlait Milk the boot.

    Read more »

    Focused man entrepreneur with glasses working, looking at laptop screen thinking about something intently while sitting in the office.
    Consumer Staples & Discretionary Shares

    What is Goldman Sachs saying about A2 Milk shares?

    A2 Milk shares have been hammered this year. Is it time to buy?

    Read more »

    A portrait of Bell Direct market analyst Grady Wulff
    Broker Notes

    3 winners and 3 losers from ASX reporting season

    Bell Direct's Grady Wulff names the best stocks to buy after their annual results, and the ones to be cautious…

    Read more »

    Frequently Asked Questions

    The a2 Milk Company Ltd does not currently pay a dividend.

    The a2 Milk Company Ltd does not currently have a dividend reinvestment program.

    The company was founded in 2000 in New Zealand and listed on the ASX in March 2015.

    A2M ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size

    About The a2 Milk Co Ltd

    A2 Milk Company Ltd (ASX: A2M) is a fresh milk and infant formula company that sources, produces and supplies a2 brand milk and milk-related products in Australia and globally.

    The company produces fresh cows' milk that naturally contains the A2 protein type and no A1 protein. Some research suggests the A1 protein can cause digestion issues.

    After listing on the ASX in 2015, the A2M share price went from strength to strength, becoming one of Australia’s largest listed companies.

    However, the company has been under pressure since July 2020 amid a rapidly changing infant formula market and daigou channel in China. The A2M share price has plummeted from its then-high of around $20 to the current level today.

    A2M Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    01 Dec 2023 $3.88 $-0.04 -1.02% 1,933,790 $3.93 $3.96 $3.86
    30 Nov 2023 $3.92 $-0.05 -1.26% 3,122,829 $3.99 $4.01 $3.89
    29 Nov 2023 $3.97 $0.02 0.51% 2,079,334 $3.94 $3.99 $3.90
    28 Nov 2023 $3.95 $0.02 0.51% 1,649,649 $3.92 $3.99 $3.92
    27 Nov 2023 $3.93 $0.00 0.00% 1,986,751 $3.96 $3.97 $3.90
    24 Nov 2023 $3.93 $0.01 0.26% 1,014,637 $3.91 $3.95 $3.90
    23 Nov 2023 $3.92 $-0.01 -0.25% 925,941 $3.91 $3.94 $3.88
    22 Nov 2023 $3.93 $-0.08 -2.00% 1,241,362 $4.01 $4.03 $3.91
    21 Nov 2023 $4.01 $-0.10 -2.43% 1,753,828 $4.12 $4.15 $4.00
    20 Nov 2023 $4.11 $0.10 2.49% 3,604,935 $4.02 $4.18 $3.98
    17 Nov 2023 $4.01 $0.19 4.97% 5,388,193 $3.93 $4.05 $3.90
    16 Nov 2023 $3.82 $0.02 0.53% 5,823,058 $3.88 $4.02 $3.81
    15 Nov 2023 $3.80 $0.03 0.80% 5,055,401 $3.79 $3.80 $3.70
    14 Nov 2023 $3.77 $0.03 0.80% 2,007,090 $3.76 $3.77 $3.72
    13 Nov 2023 $3.74 $-0.08 -2.09% 2,334,505 $3.82 $3.83 $3.73
    10 Nov 2023 $3.82 $-0.07 -1.80% 2,018,422 $3.89 $3.90 $3.79
    09 Nov 2023 $3.89 $-0.05 -1.27% 1,870,050 $3.94 $3.94 $3.85
    08 Nov 2023 $3.94 $0.02 0.51% 2,640,894 $3.92 $3.94 $3.89
    07 Nov 2023 $3.92 $-0.05 -1.26% 1,554,424 $3.97 $3.99 $3.90
    06 Nov 2023 $3.97 $-0.03 -0.75% 1,910,712 $4.02 $4.05 $3.95

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    30 Aug 2023 David Bortolussi Exercise 478,577 $2,249,311
    Conversion of securities. 992,086 performance rights
    30 Aug 2023 David Bortolussi Buy 478,577 $2,249,311
    Conversion of securities.
    02 Feb 2023 David Bortolussi Exercise 155,641 $1,077,035
    Conversion of securities. 1,470,663 performance rights
    02 Feb 2023 David Bortolussi Buy 155,641 $1,077,035
    Conversion of securities.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Warwick Lynton Every-Burns Non-Executive Director Aug 2016
    Mr Every-Burns has been a career Consumer Packaged Goods (CPG) executive of global scale. His executive roles have included a successful career with The Clorox Company of the USA as Senior Vice President, International, based in the USA and prior to that as VP Asia Pacific. His earlier roles included Managing Director of NationalPak Limited (the Glad Products Company ultimately acquired by Clorox) and a career with Unilever PLC where he was based in Australia. He is a member of Risk Management Committee and chair of people committee.
    Mr David Landt Bortolussi Chief Executive OfficerManaging Director Feb 2021
    Mr Bortolussi spent five years at Foster's Group, where he held the role of Chief Strategy Officer responsible for corporate strategy, M&A, business development and performance improvement. Prior to Foster's Group, David held senior consulting roles at McKinsey & Company and PwC. David's career has largely been focused on the Consumer and Retail sector in Australia and New Zealand complemented by significant international experience in various markets and categories in China, SE Asia, EU and the USA.
    Ms Philippa (Pip) Mary Greenwood Non-Executive Director Jul 2019
    Ms Greenwood is also a director on the boards of Westpac New Zealand, Spark New Zealand, Fisher & Paykel Healthcare and Vulcan Steel. She was previously a senior partner at law firm Russell McVeagh, where she spent over 10 years on the firm's board including acting as the firm's board Chair and interim CEO. Pip brings extensive commercial and board experience to The a2 Milk Company board.
    Ms Kathryn(Kate) Mitchell Non-Executive Director Jun 2023
    Mr Mitchell has governance experience as a director of both private and public companies. She is currently Chair of The New Zealand Merino Company and Link Engine Management and a director of Heartland Group Holdings, FarmRight, and Christchurch International Airport, for which she also serves as Chair of the Risk, Audit & Finance Committee. Prior to moving to New Zealand in 2014, Kates executive career has 20 years in investment banking in London, which included senior leadership roles across several divisions within global investment banks including Deutsche Bank, Goldman Sachs and Merrill Lynch.
    Ms Sandra Yu Non-Executive Director Mar 2022
    Ms Yu is an experienced global executive in consumer goods industries, and in the infant milk formula (IMF) market in China, with a track record of driving business and brand transformation, leveraging opportunities for growth, and building organisational capabilities across China as well as the USA and other parts of Asia. As the former head of Mead Johnson Nutrition's Greater China business. Prior to that, Sandra held various other senior executive roles at Mead Johnson Nutrition, including as the Global Marketing Vice President, responsible for transition to new digital media and e-commerce channels globally. Sandra was also appointed as the nonexecutive chairwoman to lead RB China's advisory board after the merger between Reckitt Benckiser and Mead Johnson Nutrition in 2017. Prior to joining Mead Johnson, Sandra held executive positions at Unilever, where she worked across Asia for thirteen years.
    Mr David Wang Non-Executive Director Sep 2022
    Mr Wang has over 30 years of experience across industrial and consumer goods businesses with expertise in manufacturing and supply chain including 15 years in senior executive leadership roles in China. He is currently the President of Asia Pacific for Buhler AG, a global leader in the provision of industrial solutions, which specialises in integrated plant equipment system and related services for food processing and advanced materials manufacturing. In this role, David has responsibility for nine manufacturing sites, eight research and development centres and overall supply chain operations across the Asia Pacific region including China, Indonesia, Japan, Korea, Malaysia, Philippines Thailand, Vietnam, Australia and New Zealand. Previously, David held various senior executive roles including at Blackstone AVINTIV Inc and Dover Corporation where his responsibilities covered manufacturing, research and development, technology and sales throughout Asia. Earlier in his career, David also worked with PepsiCo for almost 10 years in operations and supply chain.
    Mr Jaron McVicar Company SecretaryGeneral Counsel Nov 2016
    Jaron McVicar Company SecretaryGeneral Counsel

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 102,193,637 14.15%
    J P Morgan Nominees Australia Pty Limited 42,678,694 5.91%
    Citicorp Nominees Pty Limited 41,070,224 5.69%
    Bnp Paribas Nominees NZ Limited Bpss40 32,248,620 4.47%
    Tea Custodians Limited 25,502,735 3.53%
    HSBC Nominees (New Zealand) Limited 22,757,500 3.15%
    HSBC Nominees (New Zealand) Limited (iii) 22,307,717 3.09%
    Citibank Nominees (Nz) Ltd 20,759,419 2.88%
    Accident Compensation Corporation 19,790,745 2.74%
    JPMORGAN Chase Bank 19,756,171 2.74%
    New Zealand Superannuation Fund Nominees Limited 15,948,875 2.21%
    New Zealand Depository Nominee 15,850,202 2.20%
    National Nominees Limited 13,975,179 1.94%
    Bnp Paribas Noms Pty Ltd 10,635,729 1.47%
    Premier Nominees Limited 8,734,699 1.21%
    HSBC Custody Nominees (Australia) Limited Gsco Eca 7,146,025 0.99%
    JBWERE (Nz) Nominees Limited 6,784,269 0.94%
    Public Trust 6,316,029 0.87%
    HSBC Custody Nominees (Australia) Limited (ii) 6,000,490 0.83%
    Custodial Services Limited 4,931,622 0.68%