a2 Milk 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 ACOP.Y?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,666,545	0.368%
General Public	294,406,072	40.7%
Institutions	426,946,501	59%

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

Top Shareholders

Top 25 shareholders own 57.8% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.63%	Perpetual Limited	55,234,400	US$194.7m	17.2%	0.56%
5.54%	Goldman Sachs Group, Investment Banking and Securities Investments	40,095,806	US$141.3m	0%	0.07%
5.45%	BlackRock, Inc.	39,471,338	US$139.1m	0.12%	no data
5%	Paradice Investment Management Pty Ltd.	36,213,218	US$127.6m	-8.22%	6.29%
4.99%	The Vanguard Group, Inc.	36,159,019	US$127.4m	0%	no data
4.63%	UBS Asset Management AG	33,553,726	US$118.3m	476%	0.01%
4.51%	Bangarra Group	32,669,249	US$115.1m	-20.7%	63.59%
4.26%	Harbour Asset Management Limited	30,830,700	US$108.7m	-15.5%	10.65%
2.83%	Accident Compensation Corporation, Asset Management Arm	20,509,205	US$72.3m	3.63%	2.6%
2.57%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	18,595,095	US$65.5m	-5.88%	0.02%
1.8%	Wilson Asset Management (International) Pty Ltd.	13,039,761	US$46.0m	0%	1.49%
1.69%	Norges Bank Investment Management	12,260,529	US$43.2m	0%	no data
1.12%	Milford Asset Management, LTD	8,106,450	US$28.6m	17%	0.53%
1.01%	Public Trust of New Zealand, Asset Management Arm	7,323,398	US$25.8m	16%	6.45%
0.87%	New Zealand Permanent Trustees Limited, Asset Management Arm	6,325,699	US$22.3m	0%	9.27%
0.63%	Smartshares Ltd.	4,539,015	US$16.0m	-62.6%	0.47%
0.57%	Pendal Group Limited	4,154,205	US$14.6m	4.71%	0.48%
0.52%	JBWere Pty. Ltd.	3,761,568	US$13.3m	0%	46.25%
0.44%	State Street Global Advisors, Inc.	3,200,323	US$11.3m	0.4%	no data
0.4%	BetaShares Capital Limited	2,877,072	US$10.1m	2.87%	0.06%
0.32%	Trust Investments Management Limited	2,293,841	US$8.1m	28.2%	5.56%
0.3%	Macquarie Asset Management Public Investments (N.Z.) Limited	2,188,085	US$7.7m	160%	2.28%
0.28%	Charles Schwab Investment Management, Inc.	2,002,713	US$7.1m	1.48%	no data
0.25%	Dimensional Fund Advisors LP	1,818,263	US$6.4m	1.98%	no data
0.18%	David Bortolussi	1,280,766	US$4.5m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 03:05
End of Day Share Price	2025/01/02 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

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

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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

The a2 Milk Company Limited is covered by 21 analysts. 15 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
Russell Wright	Barclay Pearce Capital Pty Limited
Thomas Kierath	Barrenjoey Markets Pty Limited
Jonathan Snape	Bell Potter