Carlsberg Ownership

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

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of CARL A?
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	42,979,560	32.5%
Institutions	48,657,949	36.8%

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

Top Shareholders

Top 25 shareholders own 61.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
30.6%	Carlsberg Foundation, Endowment Arm	40,423,918	DKK 29.1b	0%	no data
8.24%	Capital Research and Management Company	10,885,105	DKK 7.8b	0.47%	0.05%
3.92%	BlackRock, Inc.	5,172,512	DKK 3.7b	0%	0.01%
2.82%	The Vanguard Group, Inc.	3,721,216	DKK 2.7b	0.37%	0.01%
2.45%	Massachusetts Financial Services Company	3,234,627	DKK 2.3b	3.33%	0.07%
1.76%	Norges Bank Investment Management	2,318,096	DKK 1.7b	0%	0.02%
1.67%	Deutsche Asset & Wealth Management	2,202,271	DKK 1.6b	0%	0.06%
1.1%	Nordea Investment Management, AB	1,454,403	DKK 1.0b	8.97%	0.1%
1.09%	JP Morgan Asset Management	1,445,928	DKK 1.0b	0.63%	0.02%
0.96%	Dimensional Fund Advisors LP	1,266,779	DKK 911.6m	-1.48%	0.02%
0.94%	Amundi Asset Management SAS	1,246,105	DKK 896.7m	-8.6%	0.02%
0.9%	Lazard Asset Management LLC	1,190,760	DKK 856.9m	-7.34%	0.1%
0.63%	Invesco Ltd.	830,970	DKK 598.0m	0.16%	0.02%
0.53%	Geode Capital Management, LLC	693,624	DKK 499.1m	0.11%	no data
0.47%	Janus Henderson Group plc	616,146	DKK 443.4m	0%	0.02%
0.41%	FMR LLC	540,753	DKK 389.1m	-0.33%	no data
0.37%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	492,565	DKK 354.5m	0%	0.01%
0.36%	Bi Asset Management FondsmÆGlerselskab A/S	473,767	DKK 340.9m	0%	0.41%
0.35%	Danske Bank A/S, Asset Management Arm	459,549	DKK 330.7m	0.06%	0.13%
0.35%	AllianceBernstein L.P.	457,097	DKK 328.9m	-0.87%	0.01%
0.3%	Handelsbanken Asset Management	399,828	DKK 287.7m	0%	0.06%
0.29%	Beutel Goodman & Company Ltd.	376,974	DKK 271.3m	-0.78%	0.17%
0.28%	Pictet Asset Management SA	367,503	DKK 264.5m	0%	0.07%
0.25%	ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg	324,532	DKK 233.5m	0%	0.25%
0.24%	Marathon Asset Management Limited	312,688	DKK 225.0m	-0.07%	0.19%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 19:30
End of Day Share Price	2024/12/23 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