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Brown-Forman (BF.A)

Brown-Forman Corp. engages in the production and distribution of alcoholic beverages. The firm offers whiskey, scotch, tequila, vodka, liquer, and wine. Its brands include Jack Daniel, Woodford Reserve, Old Forester, Early Times, Canadian Mist, Coopers' Craft, Slane Irish, Finlandia, Korbel, El Jimador, Sonoma Cutrer, and Chambord. The company was founded by George Garvin Brown III in 1870 and is headquartered in Louisville, KY.

Company profile

Ticker
BF.A, BF.B
Exchange
CEO
Lawson Whiting
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Amercain Investments, C.V. • AMG Trading, L.L.C. • The BenRiach Distillery Company Limited • Brown-Forman Australia • Brown-Forman Beverages Europe, Ltd. • Brown-Forman Beverages Worldwide • Brown-Forman Deutschland GmbH • Brown-Forman Holding Mexico S.A. de C.V. • Brown-Forman Hungary 1 Kft. • Brown-Forman Korea Ltd. ...
IRS number
610143150

BF.A stock data

Calendar

17 Jun 22
12 Aug 22
30 Apr 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Apr 21 Apr 20 Apr 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 874M 874M 874M 874M 874M 874M
Cash burn (monthly) (no burn) 23M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 79.33M n/a n/a n/a n/a
Cash remaining n/a 794.67M n/a n/a n/a n/a
Runway (months of cash) n/a 34.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jul 22 Brown Campbell P Deferred Stock Units Class A Common Grant Acquire A No No 0 5,755.895 0 11,410.36
28 Jul 22 Brown Kelli Stock Appreciation Right Class B Common Grant Acquire A No No 73.61 1,697 124.92K 1,697
28 Jul 22 Cook John D. Deferred Stock Units Class A Common Grant Acquire A No No 0 2,011.096 0 31,402.69
28 Jul 22 Michael J Roney Deferred Stock Units Class A Common Grant Acquire A No No 0 2,496.533 0 31,887.58
28 Jul 22 Jan Singer Deferred Stock Units Class A Common Grant Acquire A No No 0 3,046.949 0 3,046.949
89.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 637 657 -3.0%
Opened positions 62 102 -39.2%
Closed positions 82 63 +30.2%
Increased positions 185 228 -18.9%
Reduced positions 294 205 +43.4%
13F shares Current Prev Q Change
Total value 10.01B 11.15B -10.2%
Total shares 150.97M 154.36M -2.2%
Total puts 56.8K 41.1K +38.2%
Total calls 20.1K 37.7K -46.7%
Total put/call ratio 2.8 1.1 +159.2%
Largest owners Shares Value Change
Vanguard 21.26M $1.42B -2.4%
BLK Blackrock 17.98M $1.21B +10.6%
Fundsmith 11.78M $789.76M NEW
STT State Street 10.57M $710.33M -0.1%
Brown Advisory 4.44M $301.82M -22.0%
Geode Capital Management 3.88M $259.58M -1.4%
Fundsmith Investment Services 3.83M $256.98M NEW
IVZ Invesco 3.03M $203.26M +10.7%
First Trust Advisors 2.68M $179.65M +3.9%
ProShare Advisors 2.38M $159.27M +10.5%
Largest transactions Shares Bought/sold Change
Fundsmith 11.78M +11.78M NEW
Pitcairn 19.78K -4.49M -99.6%
Fundsmith Investment Services 3.83M +3.83M NEW
Brown Brothers Harriman & Co 189.29K -3.42M -94.8%
Lindsell Train 290.31K -2.93M -91.0%
Gardner Russo & Gardner 1.07M -2.82M -72.5%
CFS Investment Advisory Services 1.79M +1.77M +6701.3%
BLK Blackrock 17.98M +1.73M +10.6%
Norges Bank 0 -1.6M EXIT
Brown Advisory 4.44M -1.25M -22.0%

Financial report summary

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Risks
  • Changes to our route-to-consumer models and consolidation among beverage alcohol producers, distributors, wholesalers, suppliers, and retailers, could hinder the marketing, sale, or distribution of our products.
  • Changes in consumer preferences and purchases, any decline in the social acceptability of our products, or governmental adoption of policies disadvantageous to beverage alcohol could negatively affect our business results.
  • Production facility disruption could adversely affect our business.
  • The inherent uncertainty in supply/demand forecasting could adversely affect our business, particularly with respect to our aged products.
  • Higher costs or unavailability of water, raw materials, product ingredients, or labor could adversely affect our financial results.
  • Our business faces various risks related to health epidemics and pandemics, including the COVID-19 pandemic and similar outbreaks, that could materially and adversely affect our business, our operations, our cash flows, and our financial results.
  • Unfavorable economic conditions could negatively affect our operations and results.
  • Product recalls or other product liability claims could materially and adversely affect our sales.
  • Negative publicity could affect our business performance.
  • Our failure to attract or retain key talent could adversely affect our business.
  • We might not succeed in our strategies for investments, acquisitions, dispositions and other strategic transactions.
  • Our global business is subject to commercial, political, and financial risks.
  • A failure to comply with anti-corruption laws, trade sanctions and restrictions, or similar laws or regulations may have a material adverse effect on our business and financial results.
  • Fluctuations in foreign currency exchange rates relative to the U.S. dollar could have a material adverse effect on our financial results.
  • National and local governments may adopt regulations or undertake investigations that could limit our business activities or increase our costs.
  • Tax increases and changes in tax rules could adversely affect our financial results.
  • Our ability to market and sell our products depends heavily on societal attitudes toward drinking and governmental policies that both flow from and affect those attitudes.
  • Significant additional labeling or warning requirements or limitations on the availability of our products could inhibit sales of affected products.
  • Counterfeiting or inadequate protection of our intellectual property rights could adversely affect our business prospects.
  • Litigation and legal disputes could expose our business to financial and reputational risk.
  • A cyber breach, a failure or corruption of one or more of our key information technology systems, networks, processes, associated sites, or service providers, or a failure to comply with personal data protection laws could have a material adverse impact on our business.
  • The Brown family has the ability to control the outcome of matters submitted for stockholder approval.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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