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

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.

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.

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

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.

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.

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.

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.

ETFs with the largest weight of Brown-Forman (NYSE:BF.B) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), B.A.D. Etf (BAD), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Strategas Macro Thematic Opportunities ETF (SAMT), Victoryshares Dividend Accelerator ETF (VSDA), ProShares Russell US Dividend Growers ETF (TMDV) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

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.

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).

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.
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