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a2 Milk Company ( (NZ:ATM) ) has issued an announcement.
Paradice Investment Management has lifted its stake in The a2 Milk Company to 6.53% of the ordinary shares, disclosing a substantial holding under New Zealand’s Financial Markets Conduct Act. The Australian fund manager now controls 47,372,502 shares through various nominee custodians, consolidating its position as a significant institutional shareholder in the dairy group.
The increase from a 5.42% holding was achieved via a series of share purchases between late April and mid-May 2026, totalling just over 8 million shares and more than $52 million in consideration. The move underscores growing institutional interest in a2 Milk’s equity and may be read as a vote of confidence in the company’s strategy and prospects, potentially influencing market perception and trading liquidity.
The most recent analyst rating on (NZ:ATM) stock is a Hold with a N$8.40 price target. To see the full list of analyst forecasts on a2 Milk Company stock, see the NZ:ATM Stock Forecast page.
More about a2 Milk Company
The a2 Milk Company is a dairy nutrition business focused on producing and marketing milk and related dairy products that contain only the A2 beta-casein protein. It targets consumers seeking perceived digestive and health benefits from A2-only dairy, with a strong presence in Australasian and Asian markets and exposure to global premium dairy demand.
YTD Price Performance: -29.74%
Average Trading Volume: 466,964
Technical Sentiment Signal: Sell
Current Market Cap: N$5.44B
See more insights into ATM stock on TipRanks’ Stock Analysis page.