OATLY GROUP AB (ADSs), $28 is a hold. This Swedish company (Nasdaq symbol OTLY; Consumer sector; ADSs outstanding: 591.8 million; Market cap: $16.6 billion; No dividend paid; Takeover Target Rating: Lowest; www.oatly.com) is the world’s largest producer of oat milk. It also produces frozen desserts and oatgurt, a non-dairy form of yogurt.
On May 20, 2021, the company sold 84.4 million American Depositary Shares at $17 each for a total of $1.4 billion; each ADS is equal to one common share.
Oatly’s outlook looks bright. Thanks to rising interest in non-dairy foods, global sales of oat milk could rise 13.4% each year over the next five years and reach $6.8 billion in 2026.
Moreover, Oatly continues to benefit from its association with high-profile investors such as Oprah Winfrey, Natalie Portman, former Starbucks Corp. chief Howard Schultz and the entertainment company founded by Jay-Z. A deal making Oatly the exclusive supplier of oat milk to Starbucks should also fuel its long-term growth.
However, the…
Privacy Policy and Terms of Use
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