Brown-Forman Class A
BF.A

$46.36

0.8%

Market Cap: 21.9B

About: Brown-Forman is a us-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 45% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Employees: 5,700

Consumer Staples Beverages

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

330% more call options, than puts

Call options by funds: $683K | Put options by funds: $159K

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

2% less funds holding

Funds holding: 189 [Q4 2023] → 185 (-4) [Q1 2024]

10.78% less ownership

Funds ownership: 21.32% [Q4 2023] → 10.54% (-10.78%) [Q1 2024]

12% less capital invested

Capital invested by funds: $1.07B [Q4 2023] → $945M (-$129M) [Q1 2024]

20% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 20

47% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 78

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$45

3%

downside

Avg. target

$45

3%

downside

High target

$45

3%

downside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Morgan Stanley

3%downside

$45

Equal-Weight

Maintained

6 Jun 2024

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Financial journalist opinion

Based on 4 articles about BF.A published over the past 30 days

Brown-Forman Stockholders Elect Directors and Board Approves Cash Dividend

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA, BFB) stockholders met today at the annual meeting of stockholders and elected the slate of directors recommended by the Board of Directors, as submitted in the company's 2024 Proxy Statement. The stockholders also ratified the selection of Ernst & Young LLP as Brown-Forman's independent registered public accounting firm for fiscal year 2025. W. Austin Musselman Jr., a fifth-generation descendant of Brown-Forman founder G.

Brown-Forman Stockholders Elect Directors and Board Approves Cash Dividend

Wine stocks move higher after California competitor files for bankruptcy and delists

Vintage Wine Estates will try to sell all of its assets as it restructures following a liquidity crisis

Wine stocks move higher after California competitor files for bankruptcy and delists

When Big Tech Craters, Head To The Liquor Cabinet: Buy Brown-Forman

Brown-Forman has declined -35% over the last 12 months, underperforming the S&P 500, but opening a 10-year low valuation argument for ownership. Historically, Brown-Forman has been a strong defensive pick during market downturns, offering stability and potential gains. Technical momentum signals are turning more bullish, with the possibility that a long-term, major price bottom is forming in the summer of 2024.

When Big Tech Craters, Head To The Liquor Cabinet: Buy Brown-Forman

These 20 stocks have been the S&P 500's biggest losers so far in 2024

The S&P 500 is up nearly 16% so far this year with dividends reinvested. Artificial intelligence has been the big theme driving gains for Big Tech, especially Nvidia Corp. But 38% of the S&P 500 have had negative returns during the first half of 2024.

These 20 stocks have been the S&P 500's biggest losers so far in 2024

Taking a Closer Look at Brown-Forman

For long-term investment opportunities, the Dividend Aristocrats group is especially appealing. These companies have consistently raised their dividends for at least 25 consecutive years.

Taking a Closer Look at Brown-Forman

Brown-Forman Corporation: Valuation To Stay Rangebound Until Demand Recovers

Hold rating for Brown-Forman Corporation due to challenging macro environment, poor consumer demand, and risk of increased promotion. BFB's 4Q24 results show a decline in net sales, gross margin, and operating profit. Uncertainty in forecasting BFB performance and demand recovery suggests the stock will remain rangebound at current valuation, warranting a hold rating.

Brown-Forman Corporation: Valuation To Stay Rangebound Until Demand Recovers

Better at Half the Price? 3 Stocks at 52-Week Lows to Buy Now

It's not easy to find bargain stocks to buy when the stock market regularly keeps hitting new all-time highs. The S&P 500 is sitting above $5,431 at the moment, a 14% gain in 2024 and 23% higher than where it stood 12 months ago.

Better at Half the Price? 3 Stocks at 52-Week Lows to Buy Now

Brown-Forman Announces Executive Leadership Change

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE:BFA,BFB) announced today that Diane Nguyen has been named chief people, places, and communications officer and a member of the company's executive leadership team (ELT), effective August 1. Kirsten Hawley, who currently holds this position, announced her intent to retire in May, effective August 9. "I am delighted to welcome Diane to the role of chief people, places, and communications officer and to our executive leadership team,.

Brown-Forman Announces Executive Leadership Change

Brown-Forman Corporation Mourns Passing of W.L. Lyons Brown Jr., Former Chair and Chief Executive Officer

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation mourns the loss of W.L. Lyons Brown Jr., retired chair of the board and chief executive officer, who passed away on June 9. Brown, a fourth-generation Brown family member, was the great-grandson of the Company's founder, George Garvin Brown. “We are deeply saddened by the passing of our esteemed former leader Lee Brown. His visionary leadership and commitment to our international expansion and long-term growth helped shape Brown-Forman.

Brown-Forman Corporation Mourns Passing of W.L. Lyons Brown Jr., Former Chair and Chief Executive Officer

Brown-Forman Corporation (BF.B) Q4 2024 Earnings Call Transcript

Brown-Forman Corporation (NYSE:BF.B ) Q4 2024 Earnings Conference Call June 5, 2024 10:00 AM ET Company Participants Sue Perram - Vice President, Director Investor Relations Lawson Whiting - President and Chief Executive Officer Leanne Cunningham - Executive Vice President and Chief Financial Officer Conference Call Participants Bryan Spillane - Bank of America Nadine Sarwat - Bernstein Seamus Cassidy - TD Cowen Lauren Lieberman - Barclays Nik Modi - RBC Filippo Falorni - Citi Peter Grom - UBS Operator Good day, and thank you for standing by. Welcome to the Brown-Forman Corporation Fourth Quarter and Fiscal Year 2024 Earnings Results Conference Call.

Brown-Forman Corporation (BF.B) Q4 2024 Earnings Call Transcript

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