Brown-Forman Corporation(BF.B)- NYSE
  • Wed, Aug. 31, 1:09 PM
    • Morningstar sticks with a fair market value of $43 on Brown-Forman (BF.A, BF.B) after analyzing Q2 results.
    • "Several factors in the first quarter suggest downside risk, and highlight the lack of margin of safety in the market price," writes the analyst team
    • "The company’s Tennessee Fire brand saw double-digit net sales declines in the U.S., following a national roll-out a year ago. The company is still expanding the line extension internationally, but underlying net sales nonetheless fell 2% year-over-year. An inability to successfully drive innovative products could limit the firm’s volume gains, particularly given Jack Daniel’s Tennessee Whiskey volume grew only 2% in the quarter."
    • Morningstar has Brown-Forman rated with 2 stars out of five possible.
    • Full Morningstar note
    | Wed, Aug. 31, 1:09 PM | 3 Comments
  • Wed, Aug. 31, 8:09 AM
    • Brown-Forman (NYSE:BF.B): FQ1 EPS of $0.36 misses by $0.01.
    • Revenue of $661M (-5.4% Y/Y) misses by $14.66M.
    • Press Release
    | Wed, Aug. 31, 8:09 AM | 1 Comment
  • Tue, Aug. 30, 5:30 PM
  • Tue, Aug. 30, 7:58 AM
    | Tue, Aug. 30, 7:58 AM
  • Thu, Jul. 28, 1:22 PM
    • Brown-Forman (BF.A, BF.B) shareholders voted to increase the number of authorized shares of the company’s Class A common stock to 170M from 85M.
    • The company says the action was necessary to implement the previously announced two-for-one stock split of its Class A and Class B common stock.
    • The record date for the stock split is August 8.
    • Source: Press Release
    | Thu, Jul. 28, 1:22 PM | 14 Comments
  • Wed, Jul. 13, 10:20 AM
    • Bank of America Merrill Lynch downgrades Brown-Forman (BF.A, BF.B) to an Underperform rating after having the liquor seller rated at Neutral.
    • The A and B class shares of Brown-Forman are both down about 1%.
    | Wed, Jul. 13, 10:20 AM | 4 Comments
  • Fri, Jul. 1, 7:03 AM
    • June monthly performance was: +2.86%
    • AUM of $2.02B
    • 52-week performance vs. the S&P 500 is: +7%
    • $0.25 in dividends were paid in June
    • Top 10 Holdings as of 5/31/2016: S&P Global Inc (SPGI): 2.15464%, Archer-Daniels Midland Co (ADM): 2.15039%, Cincinnati Financial Corp (CINF): 2.13109%, McCormick & Co Inc Non-Voting (MKC): 2.10728%, C.R. Bard Inc (BCR): 2.10554%, Cintas Corp (CTAS): 2.10524%, Leggett & Platt Inc (LEG): 2.10068%, Lowe's Companies Inc (LOW): 2.09886%, Brown-Forman Corp Class B (BF.B): 2.09499%, Pentair PLC (PNR): 2.09495%
    | Fri, Jul. 1, 7:03 AM
  • Wed, Jun. 8, 7:52 AM
    • Brown-Forman (NYSE:BF.B): FQ4 EPS of $2.60 may not be comparable to consensus of $0.72.
    • Revenue of $933M (-1.5% Y/Y) beats by $34M.
    • Press Release
    | Wed, Jun. 8, 7:52 AM | 4 Comments
  • Tue, Jun. 7, 5:30 PM
    | Tue, Jun. 7, 5:30 PM | 3 Comments
  • Mon, Jun. 6, 5:09 AM
    • Global alcohol makers are bracing for a potentially precedent-setting court decision in Scotland over whether the country will become the first to implement a floor on alcohol prices - a move the industry feels could unleash an international wave of regulation.
    • After years of the case bouncing around the legal system, the Court of Session will hold a hearing on minimum unit pricing tomorrow and is expected to make a decision by August.
    • Related tickers: BUD, DEO, ABEV, SAM, BORN, CCU, STZ, TAP, VCO, BF.A, BF.B
    | Mon, Jun. 6, 5:09 AM | 9 Comments
  • Thu, Jun. 2, 7:46 AM
    • May monthly performance was: +0.76%
    • AUM of $1.77B
    • 52-week performance vs. the S&P 500 is: +7%
    • No dividends were paid in May
    • Top 10 Holdings as of 4/30/2016: Consolidated Edison Inc (ED): 2.09%, Leggett & Platt Inc (LEG): 2.07%, S&P Global Inc (SPGI): 2.07%, Brown-Forman Corp Class B (BF.B): 2.07%, Colgate-Palmolive Co (CL): 2.06%, C.R. Bard Inc (BCR): 2.05%, Hormel Foods Corp (HRL): 2.05%, W.W. Grainger Inc (GWW): 2.05%, Clorox Co (CLX): 2.05%, McCormick & Co Inc Non-Voting (MKC): 2.05%
    | Thu, Jun. 2, 7:46 AM
  • Fri, May 13, 8:32 AM
    • Brown-Forman (NYSE:BF.B) is considering a sale of its Finlandia vodka brand as part of a broader effort to focus on its whiskey business, Bloomberg reports.
    • BF's whiskey brands, which include Jack Daniels, are benefiting from a surge in U.S. demand that has sent the spirit past vodka in global popularity, whcih has prompted the company to prune its brands to focus almost exclusively on whiskey and tequila.
    • BF spent more than $200M during 2000-04 as it acquired Finlandia in stages.
    | Fri, May 13, 8:32 AM | 1 Comment
  • Wed, Apr. 27, 7:20 AM
    • Brown-Forman (BF.A, BF.B) announces it acquired The BenRiach Distillery for £285M ($416.2M).
    • The deal brings the The GlenDronach, BenRiach, and Glenglassaugh single match Scotch whisky brands into the company's pantry.
    • The transaction is expected to close on or near June 1.
    | Wed, Apr. 27, 7:20 AM | 2 Comments
  • Thu, Mar. 10, 9:54 AM
    • RBC Capital lifts its price targets on two consumer staples heavyweights.
    • Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
    • Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
    • There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
    • Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
    • "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
    • Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
    • Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
    | Thu, Mar. 10, 9:54 AM | 9 Comments
  • Wed, Mar. 2, 10:59 AM
    • Brown-Forman (BF.A, BF.B) trades lower after revenue came in a touch light for FQ3.
    • The company continues to be hurt by a strong U.S. dollar and saw some weakness in certain emerging markets. Steady organic growth for the Jack Daniel's brand is a positive factor for Brown-Forman.
    • EPS guidance came in at $3.32-$3.42 vs. $3.40-$3.60 prior and $3.43 consensus.
    • Previously: Brown-Forman EPS in-line, misses on revenue (Mar. 02 2016)
    • BF.B -2.78% TO $94.95. BF.A -3.25% to $103.16.
    | Wed, Mar. 2, 10:59 AM | 1 Comment
  • Wed, Mar. 2, 7:48 AM
    • Brown-Forman (NYSE:BF.B): FQ3 EPS of $0.94 in-line.
    • Revenue of $1.08B (-0.9% Y/Y) misses by $20M.
    | Wed, Mar. 2, 7:48 AM