a2 Milk and 1 other quality ASX 200 share to buy and hold beyond 2026

Here we look at two quality ASX 200 shares to buy and hold for the long term: A2 Milk Company Ltd and Domino's Pizza Enterprises.

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Looking to expand your ASX 200 share portfolio? Here, I'll take you through two of my top picks right now. Both S&P/ASX 200 Index (ASX: XJO) shares have experienced strong recent share price gains. However I'm still confident in their ability to deliver robust, long-term growth for investors.

Keep in mind, it's always advisable to expand your ASX share portfolio over time to ensure you have sufficient market diversification. This will also ensure that you do not have too much portfolio weighting in any one ASX share.

2 ASX 200 shares to buy and hold

a2 Milk Company Ltd (ASX: A2M)

a2 Milk has been one of the top performing ASX growth share of recent years. From the beginning of 2017, the a2 Milk share price has risen from $2.05 to now be trading at $19.76. That's a whopping increase of over 860%!

Strong share price growth has continued into 2020, despite the challenges posed by the coronavirus pandemic. a2 Milk recently revealed that it has been experiencing continued strong growth across all regions. Demand for a2 Milk's infant nutrition products sold in China and Australia has been particularly strong.

a2 Milk continues on its expansion plans in the massive United States and China markets. I believe that a2 Milk is reasonably well placed to make significant further inroads into these markets over the next five years. This is likely to flow though to above average shareholder returns during this time period in my view. 

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's share price has experienced a strong rally since March, rising from $44.75 on 19 March to now be trading at $75.73.

Domino's appears to have been less impacted by the pandemic than many of its competitors. The company doesn't typically offer its customers a sit-down service. Another competitive advantage the pizza chain has is that its in-store pick-ups tend to be very quick. They are optimised with an online ordering app which offers patrons accurate pick-up times. Domino's also has an extensive home delivery service.

Over the medium term, Domino's is forecasting new store openings to grow in the range of between 7% to 9% per year. Same store sales growth is forecast to between 3% to 6% per year.

I'm confident that the Domino's share price is well placed for strong growth over the next five years, driven by its expanding international operations.

Foolish takeaway

a2 Milk and Domino's are both quality ASX 200 shares that I believe are well placed for strong growth over the medium term.

Despite strong recent share price growth, I am confident that both companies are well placed to outperform the market over the next five years.

Motley Fool contributor Phil Harpur owns shares of A2 Milk. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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