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BF.A Brown-Forman

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
IRS number
610143150

BF.A stock data

(
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Calendar

21 Jun 21
2 Aug 21
30 Apr 22
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Apr 21 Apr 20 Apr 19 Apr 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 21 Hamel Matthew E Stock Appreciation Right Class B Common Grant Aquire A No No 71.24 13,519 963.09K 13,519
22 Jul 21 Leanne D Cunningham Stock Appreciation Right Class B Common Grant Aquire A No No 71.24 12,451 887.01K 12,451
22 Jul 21 Hinrichs Thomas Stock Appreciation Right Class B Common Grant Aquire A No No 71.24 11,153 794.54K 11,153
22 Jul 21 Timothy M Nall Stock Appreciation Right Class B Common Grant Aquire A No No 71.24 4,472 318.59K 4,472
22 Jul 21 Hawley Kirsten M Stock Appreciation Right Class B Common Grant Aquire A No No 71.24 10,997 783.43K 10,997

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 622 617 +0.8%
Opened positions 61 69 -11.6%
Closed positions 56 54 +3.7%
Increased positions 196 214 -8.4%
Reduced positions 241 215 +12.1%
13F shares
Current Prev Q Change
Total value 9.42B 11.26B -16.3%
Total shares 136.59M 141.84M -3.7%
Total puts 33.3K 16.8K +98.2%
Total calls 132K 123.7K +6.7%
Total put/call ratio 0.3 0.1 +85.8%
Largest owners
Shares Value Change
Vanguard 22.61M $1.56B -2.4%
BLK Blackrock 15.91M $1.1B -1.5%
STT State Street 9.62M $665.27M -3.0%
Brown Advisory 7.5M $517.55M +0.8%
Brown Brothers Harriman & Co 3.84M $264.9M -3.7%
Geode Capital Management 3.34M $229.45M +1.6%
WFC Wells Fargo & Co. 2.45M $168.88M -8.2%
APG Asset Management 2.43M $168.16M -6.3%
IVZ Invesco 2.31M $159.48M +1.6%
NTRS Northern Trust 2.27M $156.75M -0.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.72M EXIT
California Public Employees Retirement System 419.47K -671.62K -61.6%
Vanguard 22.61M -567.13K -2.4%
Bank Julius Baer & Co. Ltd, Zurich 1.11M -413.46K -27.2%
Arrowstreet Capital, Limited Partnership 565.47K +354.85K +168.5%
Lord, Abbett & Co. 126.45K -332.15K -72.4%
STT State Street 9.62M -298.56K -3.0%
Nuveen Asset Management 643.07K -274.74K -29.9%
Mn Services Vermogensbeheer B.V. 0 -268.5K EXIT
MS Morgan Stanley 888.36K -263.35K -22.9%

Financial report summary

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Risks
  • We face substantial competition in our industry, including many new entrants into spirits; consolidation among beverage alcohol producers, distributors, wholesalers, suppliers, and retailers, or changes to our route-to-consumer models, 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 acquisitions and dispositions.
  • 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
H.S. freshman Good
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