Brown-Forman Class BBF.B
Market Cap: $21.5B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]
3.3% more ownership
Funds ownership: 53.9% [Q1] → 57.2% (+3.3%) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 203 | Existing positions reduced: 216
3% less funds holding
Funds holding: 597 [Q1] → 577 (-20) [Q2]
11% less capital invested
Capital invested by funds: $8.44B [Q1] → $7.5B (-$942M) [Q2]
18% less call options, than puts
Call options by funds: $11.9M | Put options by funds: $14.5M
21% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 95
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Roth MKM Bill Kirk 39% 1-year accuracy 7 / 18 met price target | 5%upside $48 | Neutral Reiterated | 3 Sept 2024 |
RBC Capital Nik Modi 63% 1-year accuracy 24 / 38 met price target | 8%upside $49 | Sector Perform Reiterated | 30 Aug 2024 |
JP Morgan Andrea Teixeira 54% 1-year accuracy 32 / 59 met price target | 6%downside $43 | Neutral Maintained | 20 Aug 2024 |
Deutsche Bank Steve Powers 85% 1-year accuracy 11 / 13 met price target | 3%downside $44 | Hold Maintained | 16 Aug 2024 |
Barclays Lauren Lieberman 64% 1-year accuracy 54 / 85 met price target | 6%downside $43 | Equal-Weight Maintained | 19 Jul 2024 |
Financial journalist opinion
Based on 13 articles about BF.B published over the past 30 days