J.P. Morgan trims a2 Milk stake. Jarden sets NZD 9.00 target for The a2 Milk Company stock
Published on 10/25/2026 at 02:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInstitutional holding and FY26 results
- J.P. Morgan reduced its holding from 6.23 percent to 5.21 percent on October 19, 2026.
- Fiscal year 2026 revenue reached NZD 1.97 billion, while net profit was NZD 207.40 million.
- The a2 Milk Company stock last stood at EUR 4.32 in Frankfurt on October 23, 2026.
The a2 Milk Company (ISIN NZATME0002S8) is weighing a reduced J.P. Morgan holding against a NZD 9.00 analyst target and fiscal year 2026 revenue of NZD 1.97 billion. The Globe and Mail reported on October 19, 2026, that J.P. Morgan and affiliates reduced their aggregate interest from 6.23 percent to 5.21 percent.
Three dates shape the story
The chronology starts with August 17, 2026, when the company published its fiscal year 2026 results. Revenue rose 12.40 percent to NZD 1.97 billion, according to the company investor page and Kurums. Net profit from continuing operations fell 5.80 percent to NZD 207.40 million after supply disruption and start-up costs at the Pokeno plant.
On October 16, 2026, FNArena reported that Jarden retained an Overweight rating while cutting its target from NZD 9.30 to NZD 9.00. The target change followed a review of first-quarter performance and China-label market conditions.
What does the target reset mean?
Jarden's revised target keeps the operating debate centered on China-label recovery rather than headline revenue alone. The company said fiscal year 2026 China-label infant formula sales fell 14.00 percent, while English-label infant formula sales in China and other Asian markets rose 27.80 percent, according to Kurums.
The next dated milestone in the available company calendar is the fiscal year 2026 annual-results publication on August 17, 2026. The investor page also lists the February 15, 2026 interim results, placing the latest published financial picture in fiscal year 2026 rather than in an undated current period.
Stock context after the holding notice
The institutional disclosure adds a counterweight to the target discussion. J.P. Morgan still held 37,935,318 shares and related equity swap positions after the transactions, while the company operates across Australia and New Zealand, China and other Asian markets, and the United States.
The last available euro quotation stood at EUR 4.32 in Frankfurt on October 23, 2026. The a2 Milk Company stock is listed on the NZX and ASX, and its market capitalization was NZD 6.3 billion as of October 23, 2026.
The further course of trading is shown by the continuously updated real-time quote of The a2 Milk Company stock.
The a2 Milk Company key facts
- Company: The a2 Milk Company Limited
- ISIN: NZATME0002S8
- Ticker: ATM
- Primary exchange: NZX
- Market capitalization: NZD 6.3 billion (as of October 23, 2026)
- Sector / Industry: Consumer Goods / Food Products
Market context: Latest market reports.
