BF.B stock icon

Brown-Forman Class B
BF.B

$43.66
1.94%
 

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: 5,600

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 17 articles

Fund manager confidence

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

0.82% more ownership

Funds ownership: 52.16% [Q4 2023] → 52.98% (+0.82%) [Q1 2024]

2% less funds holding

Funds holding: 599 [Q4 2023] → 585 (-14) [Q1 2024]

9% less capital invested

Capital invested by funds: $9.12B [Q4 2023] → $8.3B (-$825M) [Q1 2024]

18% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 78

21% less call options, than puts

Call options by funds: $8.02M | Put options by funds: $10.2M

31% less repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 249

33% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]

Research analyst outlook

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

Low target
$44
1%
upside
Avg. target
$52
19%
upside
High target
$63
44%
upside

12 analyst ratings

positive
8%
11 neutral
92%
negative
0%
Truist Securities
Bill Chappell
15%upside
$50
Buy
Maintained
12 Jun 2024
Roth MKM
Bill Kirk
12%upside
$49
Neutral
Maintained
6 Jun 2024
JP Morgan
Andrea Teixeira
1%upside
$44
Neutral
Maintained
6 Jun 2024
RBC Capital
Nik Modi
12%upside
$49
Sector Perform
Maintained
6 Jun 2024
JP Morgan
Andrea Teixeira
19%upside
$52
Neutral
Maintained
4 Jun 2024

Financial journalist opinion

Based on 17 articles about BF.B published over the past 30 days