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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Chick-fil-A Is Hiring an 'Entertainment Producer'
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Chicago and other northern US cities scramble to house migrants with coldest weather just ahead
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Chick-fil-A Is Hiring an 'Entertainment Producer'
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Chicago and other northern US cities scramble to house migrants with coldest weather just ahead
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Chick-fil-A Is Hiring an 'Entertainment Producer'
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Chicago and other northern US cities scramble to house migrants with coldest weather just ahead

Brown-Forman Stock Price, News & Analysis (NYSE:BF.B)

$59.94
+1.20 (+2.04%)
(As of 12/1/2023 ET)
Compare
Today's Range
$58.55
$59.95
50-Day Range
$53.02
$59.93
52-Week Range
$52.59
$74.76
Volume
1.73 million shs
Average Volume
1.45 million shs
Market Capitalization
$28.73 billion
P/E Ratio
37.70
Dividend Yield
1.45%
Price Target
$69.05

Brown-Forman MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
15.2% Upside
$69.05 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
9.05%
From $1.99 to $2.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.64 out of 5 stars

Consumer Staples Sector

120th out of 137 stocks

Beverages Industry

12th out of 12 stocks


BF.B stock logo

About Brown-Forman Stock (NYSE:BF.B)

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Coopers' Craft, Herradura, el Jimador, New Mix, Korbel, Sonoma-Cutrer, Finlandia, GlenDronach, Benriach, Glenglassaugh, Chambord, Slane, and Fords Gin brands. It is also involved in the sale of used barrels, bulk whiskey, and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, Germany, Australia, the United Kingdom, Mexico, and internationally. The company was founded in 1870 and is headquartered in Louisville, Kentucky.

BF.B Stock Price History

BF.B Stock News Headlines

Brown-Forman price target lowered to $63 from $66 at Deutsche Bank
Brown-Forman completes $220M sale of Finlandia vodka
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Brown-Forman: Expectation Remains High At 31x Forward P/E
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What Wall Street expects from Brown-Forman B's earnings
Brown-Forman Announces Sale of Finlandia Vodka
Brown-Forman: Near 52-Week Low, But Not Cheap Enough
See More Headlines
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Company Calendar

Last Earnings
8/30/2023
Ex-Dividend for 10/2 Dividend
9/01/2023
Dividend Payable
10/02/2023
Ex-Dividend for 1/2 Dividend
11/30/2023
Today
12/02/2023
Next Earnings (Confirmed)
12/06/2023
Dividend Payable
1/02/2024
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Beverages
Sub-Industry
Distillers & Vintners
CUSIP
11563720
Employees
5,600
Year Founded
1870

Price Target and Rating

Average Stock Price Target
$69.05
High Stock Price Target
$76.40
Low Stock Price Target
$62.00
Potential Upside/Downside
+15.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$783 million
Pretax Margin
23.25%

Debt

Sales & Book Value

Annual Sales
$4.23 billion
Cash Flow
$2.10 per share
Book Value
$6.82 per share

Miscellaneous

Free Float
466,638,000
Market Cap
$28.73 billion
Optionable
Not Optionable
Beta
0.72

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Key Executives

  • Mr. Campbell P. Brown (Age 55)
    Exec. Chairman
    Comp: $293.43k
  • Mr. Lawson E. Whiting (Age 55)
    CEO, Pres & Director
    Comp: $4.18M
  • Ms. Leanne D. Cunningham (Age 53)
    Sr. VP & CFO
    Comp: $1.21M
  • Mr. Matthew E. Hamel (Age 63)
    Exec. VP & Gen. Counsel
  • Ms. Kirsten M. Hawley (Age 53)
    Sr. VP and Chief People, Places & Communications Officer
    Comp: $1.07M
  • Mr. Marshall B. Farrer (Age 52)
    Sr. VP, Pres of Europe & Director
  • Mr. Thomas W. Hinrichs (Age 61)
    Sr. VP & Pres of Emerging International
    Comp: $1.48M
  • Ms. Kelli Nelson Brown (Age 53)
    Sr. VP & Chief Accounting Officer
  • Mr. Timothy M. Nall (Age 52)
    Sr. VP and Chief Global Supply Chain & Technology Officer
  • Mr. Dan Muraski
    Chief Information Officer

Should I Buy Brown-Forman Stock? BF.B Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Brown-Forman was last updated on Tuesday, November 28, 2023 at 11:50 AM.

Pros

Here are some ways that investors could benefit from investing in Brown-Forman Co.:

  • Brown-Forman Co. is a well-established company in the beverages industry, with a history dating back to 1870.
  • The company offers a diverse range of alcoholic beverages under popular brands like Jack Daniel's, Woodford Reserve, and Old Forester.
  • Brown-Forman Co. has a strong international presence, with operations in multiple countries, including the United States, Germany, Australia, and the United Kingdom.
  • The company has a track record of innovation, introducing new products like Fords Gin to cater to changing consumer preferences.
  • Recent developments, such as the Brown Forman Distillery in Louisville, showcase the company's commitment to expanding its facilities and enhancing its production capabilities.

Cons

Investors should be bearish about investing in Brown-Forman Co. for these reasons:

  • The beverages industry is highly competitive, with numerous players vying for market share. Brown-Forman Co. faces the challenge of maintaining its position in a crowded market.
  • Changes in consumer preferences and trends could impact the demand for certain alcoholic beverages, potentially affecting Brown-Forman Co.'s sales and profitability.
  • The company's financial performance is subject to fluctuations in the global economy, as consumer spending on discretionary items like alcoholic beverages may be affected during economic downturns.
  • Regulatory changes and restrictions on the sale and marketing of alcoholic beverages could pose challenges for Brown-Forman Co. and impact its operations.
  • Investors should consider the current stock price and conduct thorough analysis before making investment decisions, as stock prices can be influenced by various factors, including market conditions and investor sentiment.














BF.B Stock Analysis - Frequently Asked Questions

Should I buy or sell Brown-Forman stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brown-Forman in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BF.B shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BF.B, but not buy additional shares or sell existing shares.
View BF.B analyst ratings
or view top-rated stocks.

What is Brown-Forman's stock price target for 2024?

5 equities research analysts have issued 1 year price objectives for Brown-Forman's shares. Their BF.B share price targets range from $62.00 to $76.40. On average, they predict the company's share price to reach $69.05 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for BF.B
or view top-rated stocks among Wall Street analysts.

How have BF.B shares performed in 2023?

Brown-Forman's stock was trading at $65.68 at the beginning of 2023. Since then, BF.B stock has decreased by 8.7% and is now trading at $59.94.
View the best growth stocks for 2023 here
.

When is Brown-Forman's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our BF.B earnings forecast
.

How can I listen to Brown-Forman's earnings call?

Brown-Forman will be holding an earnings conference call on Wednesday, December 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Brown-Forman's earnings last quarter?

Brown-Forman Co. (NYSE:BF.B) announced its earnings results on Wednesday, August, 30th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.53 by $0.05. The company earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Brown-Forman had a net margin of 17.96% and a trailing twelve-month return on equity of 28.00%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS.
Read the conference call transcript
.

How often does Brown-Forman pay dividends? What is the dividend yield for Brown-Forman?

Brown-Forman announced a quarterly dividend on Thursday, November 16th. Stockholders of record on Friday, December 1st will be given a dividend of $0.218 per share on Tuesday, January 2nd. This represents a $0.87 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for BF.B
.

Is Brown-Forman a good dividend stock?

Brown-Forman (NYSE:BF.B) pays an annual dividend of $0.87 per share and currently has a dividend yield of 1.48%. The company has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BF.B will have a dividend payout ratio of 40.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BF.B.

When did Brown-Forman's stock split?

Brown-Forman shares split on Wednesday, February 28th 2018. The 5-4 split was announced on Tuesday, January 23rd 2018. The newly issued shares were distributed to shareholders after the closing bell on Tuesday, February 27th 2018. An investor that had 100 shares of stock prior to the split would have 125 shares after the split.

What other stocks do shareholders of Brown-Forman own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brown-Forman investors own include AbbVie (ABBV), Johnson & Johnson (JNJ), PepsiCo (PEP), Abbott Laboratories (ABT), Procter & Gamble (PG), RTX (RTX), Target (TGT), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Walmart (WMT).

How do I buy shares of Brown-Forman?

Shares of BF.B stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Brown-Forman have any subsidiaries?
The following companies are subsidiares of Brown-Forman: AMG Trading L.L.C., Amercain Investments C.V., Brown-Forman Australia Pty. Ltd., Brown-Forman Beverages Europe Ltd., Brown-Forman Beverages Worldwide Comercio de Bebidas Ltda., Brown-Forman Deutschland GmbH, Brown-Forman Finland Oy, Brown-Forman France, Brown-Forman Holding Mexico S.A. de C.V., Brown-Forman Hungary 1 Kft., Brown-Forman Netherlands B.V., Brown-Forman Polska Sp. z o.o., Brown-Forman Scotland Limited, Brown-Forman Spirits (Shanghai) Co. Ltd., Brown-Forman Tequila Mexico S. de R.L. de C.V., Chambord Liqueur Royale de France SAS, Finlandia Vodka Worldwide, Jack Daniel Distillery Lem Motlow Prop. Inc., Sonoma-Cutrer Vineyards Inc., Tequila Herradura, The BenRiach Distillery, and The BenRiach Distillery Company Limited.
Read More
This page (NYSE:BF.B) was last updated on 12/2/2023 by MarketBeat.com Staff

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