A2M, BUB, BGA, AHF: ASX-listed dairy stocks to watch out for

3 min read | June 23, 2022 10:41 AM AEST | By Ritwika

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A2M, BUB, BGA, AHF: ASX-listed dairy stocks to watch out for — Image source: Image source: © Arne9001 | Megapixl.com

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Highlights:

The ASX 200 Consumer Staples sector is one of the best performing sectors on the ASX today.

However, the dairy stocks showcased a mixed trend on the ASX today.

The S&P/ASX 200 Consumer Staples sector (ASX:XSJ) was spotted 1.544% up at 12650.900 at 2:24 PM AEST today. XSJ closed 0.530% higher at 12,458.500 on 22 June. This article primarily focuses on the dairy stocks from the ASX200 Consumer Staples sector.

We have chosen four leading dairy stocks- A2 Milk, Bubs Australia, Bega Cheese, and Australian Dairy Nutritionals and have analysed their performance on the ASX today.

The A2 Milk Company Limited (ASX:A2M)

The shares of The A2 Milk Company Limited (ASX:A2M) is trading 2.409% higher at AU$4.250 per share on the ASX today (23 June).

Founded in New Zealand, The A2 Milk Company is an ASX-listed infant formula milk developer with a market capitalisation of AU$3.19 billion. The company has a commercial presence across various parts of Australia, New Zealand, the USA, China, and the UK.

The share price of A2 Milk Company has fallen over 29% on the ASX over the past 12 months.

Bubs Australia Limited (ASX:BUB)

The shares of Bubs Australia Limited (ASX:BUB) are trading 2.419% higher at AU$0.635 per share at 2:30 PM AEST on the ASX today (23 June).

Incorporated in 1993, Bubs Australia is an ASX-listed infant formula milk manufacturer with a market capitalisation of AU$$379.92 million. The company is primarily involved with the sale of infant milk formula and organic food products.

The share price of Bubs has gained over 41% on the ASX over the past 12 months.

Image source: © Dream7904 | Megapixl.com

Bega Cheese Limited (ASX:BGA)

The shares of Bega Cheese Limited (ASX:BGA) were spotted trading 1.4% lower at AU$3.825 per share at 2:50 PM AEST on the ASX today (23 June).

Bega Cheese is an ASX-listed dairy and cheese company with a market capitalisation of AU$1.19 billion. The company is primarily involved in the production of processed cheese, natural cheese, powders, packaged cheese, and butter products. The company is divided into two major segments- Tatura Milk and Bega Cheese.

The share price of Bega Cheese has fallen over 37% on the ASX over the past 12 months.

Australian Dairy Nutritionals Group (ASX:AHF)

The shares of Australian Dairy Nutritionals Group (ASX:AHF) is quoted at AU$0.074 per share on the ASX today.

On 21 June 2022, Australian Dairy Nutritionals announced that it had appointed Bernard Kavanagh as an independent director of the company. Bernard has replaced Peter Skene, who has already resigned from the Board. Peter will solely concentrate on his role as the CEO of AHF.

The share price of Australian Dairy Nutritionals has gained by 48% on the ASX over the past 12 months.

Also read: A2M, BGA, AHF, BUB: ASX 200 Dairy stocks in focus today

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