The A2 Milk (ASX:A2M) share price has now soared 26% in the last month

The last month has provided some greener pastures for A2 Milk…
The post The A2 Milk (ASX:A2M) share price has now soared 26% in the last month appeared first on The Motley Fool Australia. –

The A2 Milk Company Ltd (ASX: A2M) share price added another 1% yesterday, taking it to $7.16 a piece. That means the A2 protein dairy product producer’s share price has gained 26% for the last month.

It certainly would be a sight for sore eyes following A2 Milk’s share price ‘misadventure’ over the past year.

What’s been driving the A2 Milk share price higher?

During the past month, there have been two notable announcements from the company. These may have contributed to the recent rally.

Firstly, on 2 July 2021 A2 Milk announced the appointment of Edith Bailey as Chief Marketing Officer. Edith joins the company after spending 14 years with Danone Nutricia Early Life Nutrition, where she was most recently Consumer Marketing Director.

Prior to her time at Danone, Edith held senior marketing roles with Pepsico, Campbell Arnotts and S.C. Johnson & Son.

Commenting on the appointment, Managing Director and Chief Executive Officer David Bortolussi said:

It is essential that we continue to invest in and strengthen the a2 brand to enable us to return to growth in our core business and to capture new opportunities through innovation and new product development.

Acquisition update

Another snippet of information that might be moving the A2 Milk share price needle is the company’s update on its Mataura Valley Milk acquisition.

According to the release, the New Zealand Overseas Investment Office has given the thumbs up for A2’s proposed acquisition of a 75% interest in the dairy nutrition business. As a result, the transaction is now set to occur with effect from the end of July.

The integration of Mataura is expected to unlock nutritional products manufacturing to A2.

Brokers slap on a buy rating

Finally, investor sentiment may be shifting after a handful of positive perspectives from brokers.

Last week Bell Potter came out with a buy recommendation on the company, adding an A2 Milk share price target of $8.50. In addition to that, Watermark Funds Management chief investment officer Justin Braitling singled out A2 shares as “a strong buy”.

The post The A2 Milk (ASX:A2M) share price has now soared 26% in the last month appeared first on The Motley Fool Australia.

Should you invest $1,000 in A2 Milk right now?

Before you consider A2 Milk, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and A2 Milk wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

ASX 200 rises, Challenger soars, Zip jumps

Why the A2 Milk (ASX:A2M) share price is up more than 3% today
Leading brokers name 3 ASX shares to sell today

A2 Milk (ASX:A2M) share price falling despite trademark settlement
2 fallen stars of ASX now worth buying: experts

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!