Most ASX dairy stocks had a muted July, but one stock bucked the trend and rallied 62 per cent.

Longtable Group (ASX:LON), the owner of Maggie Beer products (among other brands), formally changed its name to that of its most famous brand and is now Maggie Beer Holdings (ASX:MBH).

Three weeks ago the company told shareholders it witnessed positive trading in May and June in spite of COVID-19 and the summer’s bushfires.

Net sales are up 3.5 per cent year on year on a 12-month basis and earnings are $5.3m better then the year before.

Maggie Beer Holdings it probably better known for its cheeses, wines and desserts, but the stock makes the dairy list through its two organic dairy brands – Saint David Dairy and Paris Creek Farms.

The latter of these has now received Chinese Organic certification and the company is looking to export its products to China.

The other big news for the company last month was fund manager Michael Wilson backing the company by accumulating a 7.6 per cent stake.

Here are all ASX dairy stocks and their performance in July:

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Code Name Price (I) 1 Year % Return 1 Month % Return Market Cap
MBH MAGGIE BEER HOLDINGS LTD 0.23 31 62 $48.7M
BXN BIOXYNE LTD 0.012 -33 9 $9.0M
NUC NUCHEV LTD 2.45 -6 7 $116.4M
HRL HRL HOLDINGS LTD 0.11 5 5 $54.3M
BFC BESTON GLOBAL FOOD CO LTD 0.089 -15 1 $53.0M
A2M A2 MILK CO LTD 19.39 15 0 $14.8B
CLV CLOVER CORP LTD 2.155 0 -1 $372.5M
SM1 SYNLAIT MILK LTD 6.39 -32 -3 $1.2B
AHF AUSTRALIAN DAIRY NUTRITIONAL 0.065 -52 -6 $24.9M
BUB BUBS AUSTRALIA LTD 0.88 -29 -6 $521.1M
AU8 AUMAKE INTERNATIONAL LTD 0.049 -68 -8 $15.6M
JAT JATCORP LTD 0.032 -43 -9 $34.4M
HVM HAPPY VALLEY NUTRITION LTD 0.18 -10 -10 $37.2M
KTD KEYTONE DAIRY CORP LTD 0.22 -51 -15 $56.5M

 

Other movers in July

Four other dairy stocks recorded gains, albeit only single digit movements. Taking out silver is infant formula supplement maker Bioxyne (ASX:BXN).

Despite reporting in April it was having difficulty shifting from face-to-face meetings, it managed the close the quarter and year with slightly higher sales compared to the prior corresponding period.

Goat infant formula play Nuchev (ASX:NUC) also edged up on higher sales for the June quarter and 2020 financial year.

Lab testing services provider HRL Holdings (ASX:HRL), whose clientele includes dairy farms, gained another 5 per cent.

Being New Zealand-based it’s been able to return to business-as-usual following the lifting of all restrictions.

Finally Beston (ASX:BFC) inched up just 1 per cent in July after a much bigger 54 per cent move in June.

Beston received Foreign Investment Review Board (FIRB) approval to sell its Mt Gambier dairy farm to Aurora Dairies last week.

The company will use the proceeds to extinguish its debt and increase production of lactoferrin — a critical by-product in making mozzarella cheese.