Brown-Forman Class BBF.B
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 Q3 regulatory filings by fund managers ($100M+ AUM)
127% more call options, than puts
Call options by funds: $24.9M | Put options by funds: $11M
52% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 58
34% more repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 179
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
19% more capital invested
Capital invested by funds: $7.67B [Q2] → $9.15B (+$1.48B) [Q3]
4% more funds holding
Funds holding: 579 [Q2] → 601 (+22) [Q3]
3.0% more ownership
Funds ownership: 58.5% [Q2] → 61.51% (+3.0%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
TD Cowen Robert Moskow 50% 1-year accuracy 30 / 60 met price target | 11%upside $38 | Hold Maintained | 16 Jan 2025 |
Citigroup Filippo Falorni 41% 1-year accuracy 7 / 17 met price target | 14%upside $39 | Neutral Maintained | 15 Jan 2025 |
JP Morgan Andrea Teixeira 39% 1-year accuracy 21 / 54 met price target | 25%upside $43 | Underweight Downgraded | 17 Dec 2024 |
Truist Securities Bill Chappell 37% 1-year accuracy 11 / 30 met price target | 31%upside $45 | Hold Downgraded | 16 Dec 2024 |
Barclays Lauren Lieberman 36% 1-year accuracy 32 / 88 met price target | 49%upside $51 | Overweight Maintained | 9 Dec 2024 |
Financial journalist opinion
Based on 12 articles about BF.B published over the past 30 days