Brown-Forman Class B
BF.B

$45.77

1.55%

Market Cap: 21.6B

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

0

Analysts bullish %

of 13 analysts

0

News positive %

of 6 articles

Fund manager confidence

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

0.83% more ownership

Funds ownership: 52.16% [Q4 2023] → 52.98% (+0.83%) [Q1 2024]

2% less funds holding

Funds holding: 599 [Q4 2023] → 586 (-13) [Q1 2024]

9% less capital invested

Capital invested by funds: $9.12B [Q4 2023] → $8.3B (-$824M) [Q1 2024]

17% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 77

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: 173 | Existing positions reduced: 250

33% less funds holding in top 10

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

See Fund Rankings

Research analyst outlook

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

Low target

$43

6%

downside

Avg. target

$51

12%

upside

High target

$63

38%

upside

13 analyst ratings

1 positive

8%

12 neutral

92%

0 negative

0%

Barclays Lauren Lieberman	6%downside $43	Equal-Weight Maintained	19 Jul 2024
Truist Securities Bill Chappell	9%upside $50	Buy Maintained	12 Jun 2024
Roth MKM Bill Kirk	7%upside $49	Neutral Maintained	6 Jun 2024
JP Morgan Andrea Teixeira	4%downside $44	Neutral Maintained	6 Jun 2024
RBC Capital Nik Modi	7%upside $49	Sector Perform Maintained	6 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about BF.B 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

Zacks Investment Research

New Strong Sell Stocks for July 19th

MANU, BF.B and JBHT have been added to the Zacks Rank #5 (Strong Sell) List on July 19, 2024.

New Strong Sell Stocks for July 19th

Zacks Investment Research

New Strong Sell Stocks for July 17th

IIIN, AESI and BF.B have been added to the Zacks Rank #5 (Strong Sell) List on July 17, 2024.

New Strong Sell Stocks for July 17th

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

See News Rankings