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BF-B $78.96   View long term graphs

Brown-Forman Corporation
Type
Public
Traded as
  • Class A NYSE: BF.A
  • Class B NYSE: BF.B
  • S&P 500 component (BF.B)
Industry
  • Distilled beverage
  • Wines
Founded 1870; 147 years ago (1870)
Headquarters Louisville, Kentucky, U.S.
Key people
  • Paul C. Varga, CEO
  • George Garvin Brown IV, Chairman
Revenue DecreaseUS$3.08 billion (2016)
Operating income
IncreaseUS$1.53 billion (2016)
Net income
IncreaseUS$1.06 billion (2016)
Total assets DecreaseUS$4.18 billion (2016)
Total equity DecreaseUS$1.56 billion (2016)
Number of employees
4,600 (2016)
Website brown-forman.com

The Brown-Forman Corporation is one of the largest American-owned companies in the spirits and wine business. Based in Louisville, Kentucky, it manufactures several well known brands throughout the world, including Jack Daniel's, Early Times, Old Forester, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Finlandia, Herradura, Korbel, and Chambord. Brown-Forman formerly owned Southern Comfort and Tuaca before selling them off in 2016.

As of fiscal 2016 the company had sales of $3.08 billion. The roughly 40 members of the Brown family, cousins that are descendants of founder George Garvin Brown, control more than 70% of the voting shares and have a net worth of $12.3 billion.

The company was founded in 1870 by George Garvin Brown, a young pharmaceuticals salesman in Louisville, who had the then-novel idea of selling top-grade whiskey in sealed glass bottles.

In 2005, the company sold its Lenox division (one of the oldest and most famous manufacturers of fine china in the United States), which had been acquired in 1983, to Department 56 for $USD 160 million. The income generated by the sale was distributed to the shareholders in the form of a one time special dividend.

In 2006, the company acquired the Chambord liqueur brand (a super-premium black raspberry liqueur produced in France) for $US 255 million.

In 2007, the company acquired Tequila Herradura, a Mexican company that produces the Casa Herradura tequila brand (a super-premium tequila produced in Mexico) for $US 776 million, while it also sold its Hartman Luggage division (one of the leaders in the travel goods industry and originally a subdivision of Lenox), to Clarion Capitol Partners. One year later, it sold the Bolla and Fontana Candida Italian wine brands to Gruppo Italiano Vini (GIV). The terms of neither sale were disclosed.

In 2011, the company sold Fetzer Vineyards and associated brands to the Chilean wine producer Viña Concha y Toro S.A. for $US 238 million.

In 2016, the Southern Comfort and Tuaca brands were sold to Sazerac Company for $543 Million.

In 2016, Brown-Forman also reached an agreement to purchase The BenRiach Distillery Company Limited for approximately £285 million. The purchase brought GlenDronach, BenRiach, and Glenglassaugh to Brown-Forman's portfolio.

The company is a sponsor of the Brown-Forman Retailer of the Year awards given by the American Beverage Licensees.

Brown Forman has two classes of common stock, both of which are traded publicly on the New York Stock Exchange. The Class A shares carry voting privileges and are thinly traded due to control by the Brown family while the Class B shares are Non-voting stock.

In 2011, Brown-Forman was accused of illegally subsidizing its distributors in China, and subsequently delaying payment to them as agreed under contract. The Shanghai Administration for Industry and Commerce fined Brown-Forman 2 million renminbi (US$320,000) for illegal subsidization.

In 2009, Newsweek magazine ranked Brown-Forman in their "Green Rankings" which examines 500 of the largest corporations on their environmental track record. Brown-Forman was ranked 63rd out of 500 overall, and was ranked 3rd in the food and beverage industry sector.

Canadian whisky

Scotch whisky

Wine

Vodka

Tequila

Liqueur

Ready-to-drink coolers

News

Brown-Forman Corporation -0.67% (consumer defensive)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-07-13 Downgrade Bank of America Corp. Neutral to Underperform
2016-04-01 Initiated Coverage Berenberg Bank Hold $100.00
2016-03-04 Downgrade Bank of America Buy to Neutral $100.00
2016-03-04 Downgrade Bank of America Corp. Buy to Neutral $100.00
2016-03-03 Reiterated Rating Deutsche Bank Hold $100.00 to $95.00
2016-03-03 Reiterated Rating Deutsche Bank AG Hold $100.00 to $95.00
2016-02-26 Downgrade Sterne Agee CRT Buy to Neutral
2016-01-04 Downgrade RBC Capital Outperform to Sector Perform $109.00
2016-01-04 Downgrade Royal Bank Of Canada Outperform to Sector Perform $109.00
2015-12-06 Reiterated Rating Deutsche Bank Hold
2015-10-23 Downgrade Stifel Nicolaus Buy to Hold
2015-09-28 Boost Price Target Societe Generale $105.00 to $113.00
2015-09-28 Downgrade Morgan Stanley Equal Weight to Underweight
2015-09-01 Boost Price Target Barclays Underweight $90.00 to $95.00
2015-09-01 Boost Price Target Barclays PLC Underweight $90.00 to $95.00
2015-08-30 Reiterated Rating Deutsche Bank Hold $100.00
2015-08-27 Boost Price Target Societe Generale Hold $93.00 to $105.00
2015-08-27 Boost Price Target JPMorgan Chase & Co. Neutral $102.00 to $108.00
2015-08-27 Boost Price Target Stifel Nicolaus Buy $108.00 to $110.00
2015-07-20 Initiated Coverage Sterne Agee CRT Buy
2015-06-05 Boost Price Target Deutsche Bank Hold $95.00 to $100.00
2015-06-04 Boost Price Target Stifel Nicolaus Buy $98.00 to $108.00
2015-06-04 Boost Price Target RBC Capital Outperform $101.00 to $109.00
2015-06-03 Upgrade Pivotal Research Hold to Buy
2015-04-13 Reiterated Rating BTIG Research Buy $102.00
2015-03-05 Lower Price Target Deutsche Bank Hold $99.00 to $95.00
2015-03-05 Lower Price Target Stifel Nicolaus Buy $104.00 to $98.00
2015-03-04 Initiated Coverage Pivotal Research Hold
2014-12-05 Reiterated RBC Capital Mkts Outperform $104 to $101
2014-12-05 Lower Price Target RBC Capital Outperform $104.00 to $101.00
2014-12-04 Lower Price Target Stifel Nicolaus Buy $105.00 to $104.00
2014-10-27 Initiated Gabelli & Co Hold $101
2014-10-27 Initiated Coverage Gabelli Hold $101.00
2014-10-20 Upgrade SunTrust Neutral to Buy $90.00 to $100.00
2014-10-20 Upgrade SunTrust Banks Inc. Neutral to Buy $90.00 to $100.00
2014-09-15 Initiated Coverage Cowen and Company Outperform $104.00
2014-08-28 Downgrade Deutsche Bank Buy to Hold
2014-08-11 Downgrade Evercore ISI Buy to Neutral
2014-06-05 Reiterated RBC Capital Mkts Outperform $95 to $98
2014-06-05 Downgrade Evercore ISI Strong-Buy to Buy
2014-06-05 Boost Price Target RBC Capital Outperform $95.00 to $98.00
2014-03-07 Reiterated RBC Capital Mkts Outperform $90 to $95
2014-03-07 Boost Price Target RBC Capital Outperform $90.00 to $95.00
2014-03-06 Boost Price Target Barclays Underweight $76.00 to $83.00
2014-03-06 Boost Price Target Nomura $76.00 to $89.00
2014-03-05 Upgrade BTIG Research Neutral to Buy
2014-02-13 Initiated Coverage Citigroup Inc. Buy
2014-02-04 Initiated Coverage Deutsche Bank Buy $88.00
2014-01-30 Initiated Coverage Societe Generale Hold
2014-01-30 Initiated Coverage BTIG Research Neutral
2014-01-16 Upgrade Evercore ISI Buy to Strong-Buy
2013-12-03 Initiated Coverage Bank of America Buy
2013-11-26 Initiated Coverage RBC Capital Outperform $90.00
2013-03-22 Initiated Stifel Buy $78
2012-08-30 Reiterated UBS Buy $69 to $72
2011-12-09 Reiterated UBS Neutral $76 to $83
2010-12-07 Downgrade Deutsche Bank Buy to Hold $64 to $66
2010-09-03 Reiterated UBS Neutral $61 to $59
2010-03-30 Initiated Citigroup Buy $67
2010-03-29 Initiated Deutsche Bank Buy
2010-03-18 Upgrade UBS Sell to Neutral
2016-07-13 Downgrade Bank of America Corp. Neutral to Underperform
2016-04-01 Initiated Coverage Berenberg Bank Hold $100.00
2016-03-04 Downgrade Bank of America Buy to Neutral $100.00
2016-03-04 Downgrade Bank of America Corp. Buy to Neutral $100.00
2016-03-03 Reiterated Rating Deutsche Bank Hold $100.00 to $95.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In BF-B 0 funds of 2183 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks

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