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

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The a2 Milk Co Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $4.13 billion
P/E Ratio 29.66
Dividend Yield 0.00%
Shares Outstanding 721.98 million
Earnings per share 0.211
Dividend per share N/A
Year To Date Return 34.74%
Earnings Yield 3.37%
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as at 24 Feb 3:44pm

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

    A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
    Share Fallers

    Why A2 Milk, Mesoblast, Mineral Resources, and Synlait shares are sinking

    These ASX shares are likely to wish that the market had stayed closed for another day.

    Read more »

    A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
    Consumer Staples & Discretionary Shares

    A2 Milk share price on watch following worrying update

    Things are not going well for A2 Milk in the daigou channel right now.

    Read more »

    A man in a business suit holds a mobile phone to his ear while he drinks a large glass of milk.
    Opinions

    The A2 Milk share price has fallen 16% in around two months: Time to buy?

    Investors are souring on the infant formula business. Is this a contrarian opportunity?

    Read more »

    Green bars of top shares with a woman on top of the tallest bar
    Share Gainers

    Here are the top 10 ASX 200 shares today

    Guess which ASX 200 healthcare share posted today's biggest gain.

    Read more »

    A woman sits with a glass of milk in front of her as she puts a finger to the side of her face as though in thought while her eyes look to the side as though she is contemplating something.
    Share Market News

    Why have A2 Milk shares come off the boil again?

    What's been happening with the infant milk company lately?

    Read more »

    A man holds his head in his hands, despairing at the bad result he's reading on his computer.
    Share Fallers

    Why did the A2 Milk share price crash 12% in March?

    It wasn't a good month for owners of this infant formula share.

    Read more »

    A young man stands facing the camera and scratching his head with the other hand held upwards wondering if he should buy Whitehaven Coal shares
    Broker Notes

    Why is the A2 Milk share price underperforming on Tuesday?

    A broker downgrade is weighing on this infant formula company's shares.

    Read more »

    A man in a business suit holds a mobile phone to his ear while he drinks a large glass of milk.
    Consumer Staples & Discretionary Shares

    Should I buy A2 Milk shares at $6?

    A2 Milk reported some strong half-year results on 20 February, with management forecasting low double-digit revenue growth.

    Read more »

    Worried ASX share investor looking at laptop screen
    Share Fallers

    Why A2 Milk, Accent, Northern Star, and Select Harvests shares are dropping

    These ASX shares are under pressure on Tuesday despite the market storming higher.

    Read more »

    A woman sits with a glass of milk in front of her as she puts a finger to the side of her face as though in thought while her eyes look to the side as though she is contemplating something.
    Consumer Staples & Discretionary Shares

    A2 Milk share price slides amid $139 million buyback completion

    A2 Milk first announced its intention for an on-market share buyback of up to NZ$150 million on 29 August.

    Read more »

    Young girl drinking milk showing off muscles.
    Opinions

    At almost $7, can the A2 Milk share price go any higher?

    Is the market still underestimating A2 Milk?

    Read more »

    sad milk drinker, infant formula share price drop, fall, decrease
    Consumer Staples & Discretionary Shares

    What caused the A2 Milk share price to spill almost 6% in February?

    It was a sour month for shareholders of this infant formula company in February...

    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
    YesNo

    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
    18 Apr 2024 $5.74 $0.00 0.00% 1,140,667 $5.71 $5.75 $5.69
    17 Apr 2024 $5.74 $0.15 2.68% 1,359,056 $5.59 $5.75 $5.57
    16 Apr 2024 $5.59 $-0.14 -2.44% 3,214,522 $5.66 $5.66 $5.51
    15 Apr 2024 $5.73 $-0.09 -1.55% 949,031 $5.78 $5.80 $5.72
    12 Apr 2024 $5.82 $0.04 0.69% 1,123,374 $5.77 $5.84 $5.75
    11 Apr 2024 $5.78 $0.02 0.35% 2,003,635 $5.70 $5.82 $5.68
    10 Apr 2024 $5.76 $-0.06 -1.03% 1,355,370 $5.81 $5.82 $5.73
    09 Apr 2024 $5.82 $0.05 0.87% 1,880,426 $5.78 $5.84 $5.73
    08 Apr 2024 $5.77 $-0.03 -0.52% 1,326,438 $5.82 $5.84 $5.75
    05 Apr 2024 $5.80 $-0.11 -1.86% 2,824,860 $5.84 $5.90 $5.78
    04 Apr 2024 $5.91 $-0.11 -1.83% 4,836,524 $5.99 $6.00 $5.78
    03 Apr 2024 $6.02 $-0.08 -1.31% 1,697,395 $6.05 $6.09 $5.94
    02 Apr 2024 $6.10 $-0.15 -2.40% 2,745,915 $6.21 $6.22 $6.08
    28 Mar 2024 $6.25 $0.07 1.13% 3,517,109 $6.20 $6.25 $6.10
    27 Mar 2024 $6.18 $0.00 0.00% 2,065,558 $6.20 $6.20 $6.12
    26 Mar 2024 $6.18 $-0.05 -0.80% 1,652,046 $6.20 $6.21 $6.13
    25 Mar 2024 $6.23 $0.03 0.48% 1,430,906 $6.20 $6.26 $6.15
    22 Mar 2024 $6.20 $0.06 0.98% 2,465,897 $6.16 $6.24 $6.15
    21 Mar 2024 $6.14 $0.05 0.82% 5,607,403 $6.12 $6.22 $6.11
    20 Mar 2024 $6.09 $0.09 1.50% 2,428,248 $6.00 $6.10 $6.00

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    15 Dec 2023 David Bortolussi Issued 690,066 $2,794,767
    Issue of securities. 1,682,152 performance rights
    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.

    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%

    Profile

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