|Bid||3.1100 x 2037200|
|Ask||3.1500 x 647400|
|Day's range||3.1400 - 3.1500|
|52-week range||2.8000 - 5.1500|
|Beta (5Y monthly)||-0.02|
|PE ratio (TTM)||8.80|
|Earnings date||23 Sep 2021|
|Forward dividend & yield||0.20 (6.37%)|
|Ex-dividend date||29 Sep 2021|
|1y target est||N/A|
In a statement, Fonterra said it was looking to design dairy products that include time-controlled release of specific dairy nutrients, starting with probiotics that would keep it fresher for longer and allow nutrients to be more active. It didn't disclose financial terms of the partnership.
Fonterra Co-operative Group is considering an initial public offer of its Australian operation, the world’s biggest dairy exporter said on Thursday, in an exercise that could return about $700 million to shareholders by 2024. The first public revelation of the plans to list comes after the New Zealand dairy giant scaled back its global ambitions with a strategy to phase out overseas "milk pools", cut debt and focus on local production. "It's a self-contained business, so there is a possibility of partnering effectively by taking some capital off the table and bringing some external investors," Chief Financial Officer Marc Rivers told Reuters in an interview.