The a2 Milk Company Limited

ASX:A2M Stock Report

Market Cap: AU$4.1b

a2 Milk Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

ASX:A2M Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 May 26BuyAU$39,343,467Paradice Investment Management Pty Ltd.Company6,039,753AU$7.28
07 May 26BuyAU$95,663JP Morgan Asset ManagementCompany14,256AU$6.71
07 May 26BuyAU$4,688,764JPMorgan Chase & Co.Company664,066AU$7.52
07 May 26SellAU$3,892,879JPMorgan Chase & Co.Company532,621AU$7.52
20 Apr 26BuyAU$17,951JPMorgan Chase & Co.Company2,418AU$7.43
20 Apr 26SellAU$584,563JP Morgan Asset ManagementCompany79,136AU$7.39
20 Apr 26SellAU$434,760JPMorgan Chase & Co.Company58,521AU$7.48
17 Apr 26BuyAU$100,368,321JPMorgan Chase & Co.Company11,420,542AU$9.75
17 Apr 26SellAU$9,079,684JP Morgan Asset ManagementCompany413,152AU$9.69
17 Apr 26SellAU$108,231,565JPMorgan Chase & Co.Company12,348,508AU$9.76
15 Apr 26BuyAU$2,940,498JP Morgan Asset ManagementCompany310,381AU$9.72
05 Mar 26BuyAU$2,846Philippa GreenwoodIndividual287AU$9.92
26 Feb 26SellAU$0David BortolussiIndividual394,930AU$9.62
25 Feb 26SellAU$0Eleanor KhorIndividual22,789AU$9.47
23 Feb 26SellAU$384,516Jaron McVicarIndividual41,422AU$9.28
23 Feb 26SellAU$1,765,648Li XiaoIndividual187,812AU$9.40
06 Feb 26BuyAU$25,220,344Perpetual LimitedCompany3,529,138AU$7.15
06 Feb 26BuyAU$89,886,136Pendal Group LimitedCompany11,629,331AU$7.78
06 Feb 26SellAU$135,349,149Perpetual LimitedCompany17,549,652AU$7.71
06 Feb 26SellAU$23,644,078Pendal Group LimitedCompany3,122,918AU$7.95
06 Feb 26SellAU$5,748,367J O Hambro Capital Management LimitedCompany844,006AU$6.81
03 Dec 25SellAU$1,033,755Li XiaoIndividual110,686AU$9.34
26 Nov 25SellAU$2,335,361David BortolussiIndividual245,453AU$9.51
26 Nov 25SellAU$293,941Jaron McVicarIndividual30,894AU$9.51
26 Nov 25SellAU$429,124Eleanor KhorIndividual44,855AU$9.57
26 Nov 25SellAU$286,745Edith BaileyIndividual30,000AU$9.56
26 Nov 25SellAU$243,571Amanda HartIndividual25,600AU$9.51
26 Nov 25SellAU$434,448Yohan SenaratneIndividual45,578AU$9.53
26 Sep 25BuyAU$50,564Kathryn MitchellIndividual6,000AU$8.46
23 Sep 25BuyAU$50,360Pei-Yu YuIndividual6,000AU$8.39
23 Sep 25BuyAU$12,234,174Challenger LimitedCompany1,353,748AU$9.04
22 Sep 25SellAU$4,161,265Challenger LimitedCompany442,115AU$9.41
18 Sep 25SellAU$0David MuscatIndividual58,000AU$9.11
16 Sep 25SellAU$0David BortolussiIndividual242,345AU$9.18
16 Sep 25SellAU$280,370Jaron McVicarIndividual30,540AU$9.19
16 Sep 25SellAU$1,165,182Li XiaoIndividual126,917AU$9.18
16 Sep 25SellAU$0Eleanor KhorIndividual14,659AU$9.20
16 Sep 25SellAU$294,133Edith BaileyIndividual32,101AU$9.16
16 Sep 25SellAU$456,200Yohan SenaratneIndividual49,740AU$9.17
15 Sep 25SellAU$228,927Amanda HartIndividual25,000AU$9.16
15 Sep 25SellAU$215,273Zhang PingIndividual23,555AU$9.14
21 Aug 25BuyAU$93,948,971Challenger LimitedCompany11,719,998AU$8.02
21 Aug 25BuyAU$68,780Kathryn MitchellIndividual8,000AU$8.71
21 Aug 25SellAU$11,806,957Challenger LimitedCompany1,502,112AU$7.86
22 May 25BuyAU$8,908,877UBS Asset Management AGCompany1,090,479AU$8.17
22 May 25SellAU$10,233,142UBS Asset Management AGCompany1,252,682AU$8.21
21 May 25BuyAU$121,467,221UBS Asset Management AGCompany14,618,679AU$8.31
21 May 25SellAU$93,961,147UBS Asset Management AGCompany11,294,599AU$8.32

Insider Trading Volume

Insider Buying: A2M insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of A2M?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders2,377,6860.328%
General Public280,859,13338.7%
Institutions442,189,37561%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 59.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
6.53%
Paradice Investment Management Pty Ltd.
47,372,502AU$266.2m31.4%8.62%
5.82%
The Vanguard Group, Inc.
42,191,109AU$237.1m4.34%no data
5.05%
Ausbil Investment Management Limited
36,629,840AU$205.9m10,400%7.21%
4.98%
Alphinity Investment Management Pty Ltd.
36,139,712AU$203.1m-0.69%2.06%
4.94%
Challenger Limited
35,856,588AU$201.5m-2.57%6.03%
4.7%
JPMorgan Chase & Co.
34,078,883AU$191.5m0%0.02%
4.27%
Harbour Asset Management Limited
30,947,451AU$173.9m0%10.55%
3.98%
UBS Asset Management AG
28,902,514AU$162.4m0%0.01%
3.52%
Perpetual Limited
25,544,399AU$143.6m-35.4%0.89%
2.66%
Accident Compensation Corporation
19,325,269AU$108.6m0%2.96%
2.56%
The Goldman Sachs Group, Inc.
18,598,048AU$104.5m0%0.02%
1.43%
Wilson Asset Management (International) Pty Ltd.
10,361,444AU$58.2m0%1.35%
1.43%
Pendal Group Limited
10,339,578AU$58.1m464%2.04%
1.34%
Norges Bank Investment Management
9,695,455AU$54.5m0%no data
1.15%
Public Trust Limited
8,352,117AU$46.9m0%8.16%
0.77%
Smartshares Ltd.
5,602,654AU$31.5m0%0.66%
0.77%
BetaShares Capital Limited
5,551,348AU$31.2m2.78%0.08%
0.53%
JBWere Pty. Ltd.
3,880,482AU$21.8m0%20.87%
0.52%
State Street Global Advisors, Inc.
3,794,074AU$21.3m0.04%no data
0.47%
Milford Asset Management, LTD
3,388,854AU$19.0m0%0.15%
0.45%
Australian Super Pty Ltd
3,268,069AU$18.4m0%0.01%
0.44%
JP Morgan Asset Management
3,193,421AU$17.9m12,900%no data
0.28%
Trust Investments Management Limited
2,055,763AU$11.6m0%4.05%
0.28%
Dimensional Fund Advisors LP
2,006,874AU$11.3m1.51%no data
0.27%
Charles Schwab Investment Management, Inc.
1,958,804AU$11.0m2.42%no data

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 23:21
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The a2 Milk Company Limited is covered by 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas KierathBarrenjoey Markets Pty Limited
Jonathan SnapeBell Potter
Josephine FordeBofA Global Research