Carlsberg Ownership

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

Recent Insider Transactions

DB:CBGB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Nov 24	Buy€268,119	Henrik Poulsen	Individual	2,773	€96.69
05 Nov 24	Buy€99,705	Magdi Batato	Individual	1,000	€99.71
23 Aug 24	Buy€20,516	Soren-Peter Olesen	Individual	200	€102.58
15 Aug 24	Buy€104,184	Magdi Batato	Individual	1,000	€104.18
07 May 24	Buy€24,763	Lilian Biner	Individual	200	€123.81
30 Apr 24	Buy€30,346	Magdi Batato	Individual	240	€126.44
27 Feb 24	Buy€25,598	Soren-Peter Olesen	Individual	200	€127.99
15 Feb 24	Buy€12,504	Magdi Batato	Individual	100	€125.04

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of CBGB?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	4,646	0.00352%
Individual Insiders	12,514	0.00947%
Company Controlled Foundation	40,423,918	30.6%
General Public	43,226,345	32.7%
Institutions	48,411,164	36.7%

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

Top Shareholders

Top 25 shareholders own 61.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
30.6%	Carlsberg Foundation, Endowment Arm	40,423,918	€4.0b	0%	no data
8.24%	Capital Research and Management Company	10,885,105	€1.1b	0.47%	0.05%
3.92%	BlackRock, Inc.	5,172,512	€509.1m	0%	0.01%
2.81%	The Vanguard Group, Inc.	3,714,090	€365.6m	0.18%	0.01%
2.45%	Massachusetts Financial Services Company	3,234,627	€318.4m	3.33%	0.07%
1.76%	Norges Bank Investment Management	2,318,096	€228.2m	0%	0.02%
1.67%	Deutsche Asset & Wealth Management	2,202,271	€216.8m	0%	0.06%
1.09%	JP Morgan Asset Management	1,434,675	€141.2m	0.64%	0.02%
1.04%	Nordea Investment Management, AB	1,368,221	€134.7m	2.51%	0.09%
0.96%	Dimensional Fund Advisors LP	1,266,779	€124.7m	-1.48%	0.02%
0.94%	Amundi Asset Management SAS	1,246,105	€122.7m	-8.6%	0.03%
0.9%	Lazard Asset Management LLC	1,190,760	€117.2m	-7.34%	0.1%
0.64%	Invesco Ltd.	838,775	€82.6m	0.16%	0.02%
0.52%	Geode Capital Management, LLC	693,043	€68.2m	0.02%	no data
0.43%	Janus Henderson Group plc	571,488	€56.3m	0%	0.02%
0.41%	FMR LLC	540,411	€53.2m	-0.4%	no data
0.37%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	492,565	€48.5m	0%	0.01%
0.36%	Bi Asset Management FondsmÆGlerselskab A/S	473,767	€46.6m	5.65%	0.46%
0.35%	Danske Bank A/S, Asset Management Arm	459,288	€45.2m	0%	0.13%
0.35%	AllianceBernstein L.P.	457,097	€45.0m	-0.87%	0.01%
0.3%	Handelsbanken Asset Management	399,828	€39.4m	0%	0.06%
0.29%	Beutel Goodman & Company Ltd.	376,974	€37.1m	-0.78%	0.17%
0.28%	Pictet Asset Management SA	367,503	€36.2m	0%	0.07%
0.25%	ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg	324,532	€31.9m	0%	0.25%
0.24%	Marathon Asset Management Limited	312,899	€30.8m	1.39%	0.19%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 18:43
End of Day Share Price	2024/12/18 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Carlsberg A/S is covered by 57 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Vitfell-Rasmussen	ABG Sundal Collier
Anthony Bucalo	Banco Santander
Laurence Whyatt	Barclays