Brown-Forman Class BBF.B
Market Cap: $21.3B
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: 215
4% less funds holding
Funds holding: 597 [Q1] → 575 (-22) [Q2]
11% less capital invested
Capital invested by funds: $8.44B [Q1] → $7.5B (-$943M) [Q2]
18% less call options, than puts
Call options by funds: $11.9M | Put options by funds: $14.5M
23% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 96
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Roth MKM Bill Kirk 45% 1-year accuracy 10 / 22 met price target | 6%upside $48 | Neutral Reiterated | 3 Sept 2024 |
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 9%upside $49 | Sector Perform Reiterated | 30 Aug 2024 |
JP Morgan Andrea Teixeira 53% 1-year accuracy 32 / 60 met price target | 5%downside $43 | Neutral Maintained | 20 Aug 2024 |
Deutsche Bank Steve Powers 93% 1-year accuracy 13 / 14 met price target | 3%downside $44 | Hold Maintained | 16 Aug 2024 |
Barclays Lauren Lieberman 65% 1-year accuracy 55 / 85 met price target | 5%downside $43 | Equal-Weight Maintained | 19 Jul 2024 |
Financial journalist opinion
Based on 12 articles about BF.B published over the past 30 days