OTLY Oatly Group AB - American Depositary Shares

NASDAQ · Food Products
$14.38
Price · Aug 19, 2026

About Oatly Group AB - American Depositary Shares Company overview from Wikipedia

Oatly Group AB is a Swedish food company, publicly traded on the American stock market, that produces alternatives to dairy products from oats, including oat milk. Oatly was formed in the 1990s using research from Lund University. Oatly has headquarters in Malmö and a production and development centre in Landskrona.

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Oatly Group AB is a Swedish food company, publicly traded on the American stock market, that produces alternatives to dairy products from oats, including oat milk. Oatly was formed in the 1990s using research from Lund University. Oatly has headquarters in Malmö and a production and development centre in Landskrona.

Oatly's key markets are Sweden, Germany and the United Kingdom. The company's products were available in 60,000 retail stores and 32,200 coffee shops around the world as of 31 December 2020. Oatly is available in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the United States, including thousands of Starbucks locations.

History

Oatly was founded in 1994 by food scientist Rickard Öste and his brother Björn Öste. The parent company of Oatly AB is Ceba AB, which was founded by Rickard Öste, Ingegerd Sjöholm, Inger Ahlden and Lennart Lindahl together with the cereals company Skånska Lantmännen on 17 February 1994 Oatly Group changed its name from Havre Global AB on 1 March 2021.

Oatly is now part-owned by Blackstone Inc. (7%), Verlinvest, 45,9% via Nativus Company Limited a part of China Resources (a conglomerate owned by the Chinese state), Industrifonden, Östersjöstiftelsen, and the employees. The group also included celebrities such as Oprah Winfrey and Jay-Z, as well as Starbucks founder Howard Schultz.

In 2018 the company was publicly criticized for supporting a local pig farm to which it sold the residue of its manufacturing process. The company said it would "re-visit the issue." It opened its first US factory in Millville, New Jersey, in 2019.

In 2020, Oatly's sale of a US$200-million stake to investors including Blackstone Inc., which has financed companies driving extensive deforestation in the Amazon, as well as driving road development into the depths of the jungle for export of foodstuffs, angered consumers and led to a backlash against the company.

In 2021, Oatly applied to be listed in the United States on the Nasdaq under the ticker symbol "OTLY". When the company set terms for its initial public offering, its potential value was estimated at more than $10 billion. Morgan Stanley, J.P. Morgan and Credit Suisse were the underwriters. OTLY stock was priced at $17 but had its first public trade at $22.12 on the first day.

On 14 July 2021 short seller Spruce Point Capital published a report questioning Oatly's management and sustainability. Spruce Point alleged that Oatly overstated revenue and margins, among other accounting issues, and accused the company of green washing for understating water usage, and for not having a waste-water treatment facility. After the announcement Oatly's stock briefly went below IPO, resulting in several class-action lawsuits. Glenn Vanzura of Mayer Brown stated that it is common in other industries that after a short-seller targets a company to drive down stock price, a class action lawsuit is filed, noting that such lawsuits are often dismissed.

Oatly took a small British firm, Glebe Farm Foods, to court, alleging it had infringed Oatly's trademark by selling cartons of an oat-based drink called "PureOaty". In August 2021, the judge dismissed Oatly's case at the High Court of Justice in London, concluding there was only a "very modest level of similarity" between the Glebe Farm branding and Oatly's.

Products

Oatly has a range of products including: oat milk, ice cream, cold coffee, yogurt substitutes, cooking cream, spread, custard and mayonnaise. Oatly's first product was released in 2001. All products are certified kosher and vegan and are non-GMO project verified. All US Oatly products are certified gluten free. However, in Europe and Asia, Oatly's products are not gluten free.

In the US, Oatly's oat beverages, frozen desserts, and "oatgurt" are offered. Varieties of oat milk available in the US include the following: barista edition, original, chocolate, full fat, and low-fat oat milk. Oatly also offers a nondairy frozen dessert, similar to an ice cream, in several flavours. Flavours available for purchase in the US include chocolate chip, mint chip, coffee, strawberry, chocolate, vanilla, oat, and salted caramel. Oatly frozen desserts are available in store only, in the United States. Oatgurt, a substitute yoghurt, is made with oats and does not contain any dairy. The product contains active and live cultures. Flavours of oatgurt available in the US include plain, strawberry, peach, black cherry, and mixed berry.

Internationally, Oatly also offers on the go, single-serve beverages packaged in silver containers that resemble cans, but are made of recyclable paper. Varieties include chocolate oat milk, cold brew latte, organic matcha latte, and organic mocha latte. Additionally, both boxed oat drink and boxed chocolate oat drink are available outside the US.

The only nutritional difference between Oatly's original oat milk and barista edition oat milk is fat content. The barista edition contains doubled amount of fat compared to the original version (3% versus 1.5%). The higher fat content allows the oat milk to perform better when steamed, frothed, and paired with espresso for coffee drinks, hence the name "barista edition". It also makes for a richer and more pleasant flavour complement to teas in tea lattes and is commonly used as a milk alternative for matcha lattes.

Advertising

The Danish dairy company Arla Foods produced a series of adverts to discourage people from buying vegan alternatives to cow's milk and used a fake brand 'Pjölk' which was similar to Oatly. In response, Oatly trademarked the fictitious brands Pjölk, Brölk, Sölk, and Trölk and began using them on their packaging.

The Swedish dairy lobby LRF Mjölk successfully sued Oatly for using the phrase "Milk, but made for humans." In response to the lawsuit, Oatly published the text of the lawsuit leading to an increase in sales.

In 2018, Oatly spent £700,000 on advertising in the UK on All 4 and on billboards in train stations in Brixton, King's Cross, Oxford Circus, and Shoreditch using the "Milk, but made for humans" slogan banned in Sweden.

In February 2021, the company advertised during Super Bowl LV. The commercial, called "Wow, No Cow", featured CEO Toni Petersson singing a jingle in an oat field. The ad was originally aired in Sweden in 2014, which got banned due to a lawsuit from LRF Mjölk that sued Oatly for using the phrase "Milk, but made for humans".

Later that month, Oatly launched its first Europe-wide advertising campaign called "Are You Stupid?", showing results from focus group testing, showing people recognising which products do and do not contain dairy, irrespective of packaging, and directing viewers to a petition against "Amendment 171", supported by the European Dairy Association, which seeks to ban non-dairy products from using "dairy-based descriptors" such as "dairy", "creamy", "yoghurt-style dessert" or "does not contain milk" and could be interpreted to ban "packaging designs that call to mind dairy products, such as yoghurt pots or milk cartons" and ban climate impact comparisons. Campaigners — and one focus group member — argued that Amendment 171 would make it harder for the EU to meet its goal of increasing plant-based food consumption. Amendment 171 was approved by majority vote in the European Parliament in October 2020 and went into trilogue negotiations in late January 2021. On 25 May 2021 the EU withdrew Amendment 171, thus allowing plant-based dairy companies to use words like "buttery" or "creamy" to describe their products.

In the beginning of 2022, several Oatly ads were banned by the British Advertising Standards Authority (ASA), a private regulatory body. The ASA did not dispute Oatly's claim that a vegan diet would reduce greenhouse gas emissions. But the ASA found consumers could confuse claims for Oatly Barista Edition with its other products, and that a study comparing the meat and dairy industry to the transportation industry did not compare the two equally.

In 2024, Oatly announced a partnership with the Minor League Baseball where they would play at all 120 teams of the MiLB. They said they were going to be known as the 121st team of the MiLB, known as the "Malmo Oat Milkers".

In September 2024, Oatly launched a campaign in the UK promoting the use of oat milk in tea, emphasizing how their product complements the popular British beverage, as part of their continued efforts to encourage plant-based milk alternatives.

== References ==

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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OTLY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

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$14.38
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52W Range
$8 – $19

OTLY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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OTLY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 3 27.3%
  • Buy 5 45.5%
  • Hold 3 27.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-08-16
Median target $14.00 -2.6%
Mean target $19.50 +35.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.25%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.99 $-1.07 0.08%
March 31, 2026 $-0.38 $-0.95 0.57%
Dec. 31, 2025 $-0.61 $-0.59 -0.02%
Sept. 30, 2025 $-2.15 $-0.74 -1.4%
June 30, 2025 $-1.86 $-0.85 -1.0%
March 31, 2025 $-0.60 $-0.91 0.31%

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Institutional owners (13F) 71 filers · $35.6M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
9 (-1 vs prior Q) 9 (+3 vs prior Q) 21 (+8 vs prior Q) 11 (-9 vs prior Q) +2.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Blackstone Inc. $18,596,299 1,988,909 52.28% Shares
CREDIT AGRICOLE S A $12,536,274 1,340,778 35.25% Shares
STOREBRAND ASSET MANAGEMENT AS $630,723 67,457 1.77% Shares
Maven Securities LTD $425,575 45,516 1.20% Shares
Trexquant Investment LP $347,390 37,154 0.98% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $330,990 35,400 0.93% Call option
MORGAN STANLEY $271,085 28,993 0.76% Shares
R Squared Ltd $240,950 25,770 0.68% Shares
Crawford Fund Management, LLC $232,815 24,900 0.65% Put option
Cubist Systematic Strategies, LLC $194,481 12,005 0.55% Shares
Jump Financial, LLC $193,124 20,655 0.54% Shares
CITADEL ADVISORS LLC $178,164 19,055 0.50% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $164,317 17,574 0.46% Shares
JANE STREET GROUP, LLC $140,250 15,000 0.39% Put option
GEODE CAPITAL MANAGEMENT, LLC $137,304 14,685 0.39% Shares
GOLDMAN SACHS GROUP INC $123,448 13,203 0.35% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $107,525 11,500 0.30% Put option
Performa Ltd (US), LLC $106,590 11,400 0.30% Shares
STATE STREET CORP $94,603 10,118 0.27% Shares
BNP PARIBAS FINANCIAL MARKETS $87,815 9,392 0.25% Shares
JANE STREET GROUP, LLC $83,682 8,950 0.24% Shares
MARSHALL WACE, LLP $81,784 8,747 0.23% Shares
GROUP ONE TRADING LLC $67,142 7,181 0.19% Shares
BlackRock, Inc. $56,381 6,030 0.16% Shares
GAMMA Investing LLC $35,483 3,795 0.10% Shares
Leonteq Securities AG $24,591 2,630 0.07% Shares
JONES FINANCIAL COMPANIES LLLP $14,319 1,591 0.04% Shares
Steward Partners Investment Advisory, LLC $10,846 1,160 0.03% Shares
Westside Investment Management, Inc. $9,350 1,000 0.03% Shares
WELLS FARGO & COMPANY/MN $8,798 941 0.02% Shares
CITIGROUP INC $6,639 710 0.02% Shares
RHUMBLINE ADVISERS $4,907 525 0.01% Shares
ROYAL BANK OF CANADA $4,000 441 0.01% Shares
SBI Securities Co., Ltd. $3,226 345 0.01% Shares
OSAIC HOLDINGS, INC. $3,016 323 0.01% Shares
NewEdge Advisors, LLC $2,964 317 0.01% Shares
UBS Group AG $2,188 234 0.01% Shares
Allworth Financial LP $1,225 131 0.00% Shares
CIBC Private Wealth Group LLC $1,004 62 0.00% Shares
Lindbrook Capital, LLC $983 100 0.00% Shares
WealthCollab, LLC $795 85 0.00% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $645 69 0.00% Shares
CWM, LLC $375 37 0.00% Shares
NATIONAL BANK OF CANADA /FI/ $343 37 0.00% Shares
SHIKIAR ASSET MANAGEMENT INC $318 34,000 0.00% Shares
Ancora Advisors LLC $299 32 0.00% Shares
Farther Finance Advisors, LLC $271 29 0.00% Shares
Rockefeller Capital Management L.P. $252 27 0.00% Shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main $235 25 0.00% Shares
EverSource Wealth Advisors, LLC $206 22 0.00% Shares
Napier Financial, LLC $206 22 0.00% Shares
LANARK FINANCIAL, INC. $205 22 0.00% Shares
Iron Horse Wealth Management, LLC $142 12 0.00% Shares
American Capital Advisory, LLC $113 12 0.00% Shares
JPMORGAN CHASE & CO $97 10 0.00% Shares
Federation des caisses Desjardins du Quebec $94 10 0.00% Shares
MERCER GLOBAL ADVISORS INC /ADV $94 10 0.00% Shares
Caitong International Asset Management Co., Ltd $84 9 0.00% Shares
CREATIVE FINANCIAL DESIGNS INC /ADV $65 7 0.00% Shares
BARRETT & COMPANY, INC. $56 6 0.00% Shares
TD Waterhouse Canada Inc. $48 5 0.00% Shares
Key Financial Inc $47 5 0.00% Shares
SALEM INVESTMENT COUNSELORS INC $47 5 0.00% Shares
Keating Financial Advisory Services, Inc. $37 4 0.00% Shares
Advocate Investing Services LLC $28 3 0.00% Shares
Parallel Advisors, LLC $28 3 0.00% Shares
Atlantic Private Wealth, LLC $19 2 0.00% Shares
FSA Wealth Management LLC $16 1 0.00% Shares
Smartleaf Asset Management LLC $10 1 0.00% Shares
Coston, McIsaac & Partners $0 35 0.00% Shares
Avion Wealth $0 35 0.00% Shares

ETF ownership Held by 2 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
KROP · Global X Funds 0.98% 8,923 NS May 31, 2026 N-PORT
CCSO · Tidal Trust II 0.03% 1,137 NS April 30, 2026 N-PORT