BF-B - Brown-Forman Corporation

NYSE - NYSE Delayed Price. Currency in USD
63.85
+0.58 (+0.92%)
At close: 4:02PM EST
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Previous Close63.27
Open63.15
Bid63.77 x 800
Ask63.85 x 900
Day's Range62.98 - 63.96
52 Week Range44.57 - 68.99
Volume694,864
Avg. Volume1,361,632
Market Cap30B
Beta (5Y Monthly)0.65
PE Ratio (TTM)36.07
EPS (TTM)1.77
Earnings DateN/A
Forward Dividend & Yield0.70 (1.10%)
Ex-Dividend Date2019-12-04
1y Target Est59.29
  • Thomson Reuters StreetEvents

    Edited Transcript of BF.B earnings conference call or presentation 5-Dec-19 3:00pm GMT

    Q2 2020 Brown-Forman Corp Earnings Call

  • Brown-Forman plans Louisville area expansion
    American City Business Journals

    Brown-Forman plans Louisville area expansion

    Brown-Forman Corp. has filed plans with Louisville Metro Government to expand its distillery on a 53.38 acre property at 2921 Dixie Highway — though many steps lie ahead before the project gets off the ground. The Louisville-based spirits distiller already owns the Shively lot where the expansion is planned. The property is part of the Brown-Forman Distillery complex.

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    GuruFocus.com

    Urbem's 'Wonderful Business' Series: Diageo

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  • New Jack Daniel's flavor expected to drive revenue for Brown-Forman
    American City Business Journals

    New Jack Daniel's flavor expected to drive revenue for Brown-Forman

    Brown-Forman Corp. expects a new Jack Daniel's Tennessee Apple Whiskey to drive revenue growth in fiscal year 2020, reflecting a positive trend for the company. Although tariffs have impacted Brown-Forman for the past six quarters, the company reported a 9% increase in net sales. Net sales were $989 million for the second quarter.

  • Barrons.com

    The Dow Goes Negative Despite a Glimmer of Hope on Trade

    STOCKSTOWATCHTODAY BLOG Reversal. The three major U.S. stock mark indexes slipped into negative territory after beginning the day in the green amid continued optimism about trade. Near midday, the Dow Jones Industrial Average was down 33 points, or 0.

  • Brown-Forman (BF.B) Q2 Earnings & Sales Beat, Stock Down
    Zacks

    Brown-Forman (BF.B) Q2 Earnings & Sales Beat, Stock Down

    Brown-Forman's (BF.B) second-quarter fiscal 2020 sales and earnings beat estimates on broad-based growth across geographies and the brand portfolio.

  • Brown-Forman Corporation (BF.B) Beats Q2 Earnings and Revenue Estimates
    Zacks

    Brown-Forman Corporation (BF.B) Beats Q2 Earnings and Revenue Estimates

    Brown-Forman Corporation (BF.B) delivered earnings and revenue surprises of 11.32% and 1.54%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Brown-Forman's stock falls after earnings beat expectations but profit outlook was trimmed

    Shares of Jack Daniel's parent Brown-Forman Corp. fell 1% in premarket trading Thursday, alcoholic beverage company beat fiscal second-quarter profit and sales expectations, but trimmed its operating income growth outlook. The company, which brands also include Finlandia, el Jimador, Woodford Reserve and Chambord, said net income for the quarter to Oct. 31 rose to $282 million, or 59 cents a share, from $249 million, or 52 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 52 cents. Sales increased 9% to $989 million, above the FactSet consensus of $974 million. For the fiscal year to date, sales of Jack Daniel's family of brands grew 2%, while premium bourbon sales rose 22% and tequila sales increased 11%. For fiscal 2020, the company lowered its guidance range for income growth to 2% to 4% from 3% to 5%, citing "uncertainty in the current economic and geopolitical environment in certain emerging markets" and higher input costs. The company affirmed its guidance ranges for EPS of $1.75 to $1.85 and for sales growth outlook of 5% to 7%. The stock has rallied 11.4% over the past three months through Wednesday, while the Dow Jones Industrial Average has gained 3.5%.

  • Business Wire

    Brown-Forman Reports First Half Results; Reaffirms Full Year Earnings Per Share Outlook for Fiscal 2020

    Brown-Forman Corporation (NYSE:BFA) (NYSE:BFB) reported financial results for its second quarter and first half of fiscal 2020. For the second quarter, the company’s reported net sales1 were up 9% to $989 million (+6% on an underlying basis2) compared to the same prior-year period. In the quarter, reported operating income increased 6% to $352 million (-3% on an underlying basis) and diluted earnings per share rose 14% to $0.59.

  • Jack Daniel’s maker Brown-Forman is unlikely to beat profit estimates this quarter, says this analyst
    MarketWatch

    Jack Daniel’s maker Brown-Forman is unlikely to beat profit estimates this quarter, says this analyst

    Jack Daniel’s distributor Brown-Forman is unlikely to beat earnings estimates when it reports fiscal second-quarter earnings on Thursday, after launching a promotional program for its flagship whiskey earlier this year, MKM said Tuesday.

  • Brown-Forman Corporation (BF.B) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Brown-Forman Corporation (BF.B) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Brown-Forman Corporation (BF.B) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Brown-Forman hires Louisville PR exec to replace retiring Rusty Cheuvront
    American City Business Journals

    Brown-Forman hires Louisville PR exec to replace retiring Rusty Cheuvront

    The new hire previously consulted with Fortune 500 companies and worked in lobbying in the beverage industry.

  • Oaks Lily creator retiring from Brown-Forman
    American City Business Journals

    Oaks Lily creator retiring from Brown-Forman

    2020 might end up being the year that Brown-Forman's Chief Entertainment Officer Tim Laird really plays more golf. Since the Chicagoan joined Midland Trail Golf Club after moving here in 1999 looking to make the most of longer playing seasons, he’s golfed 27 times. Laird has just been too busy writing three books, appearing on local television programming and traveling 80% of his year to get back to the golf course.

  • Things You Must Know Before Brown-Forman's (BF.B) Q2 Earnings
    Zacks

    Things You Must Know Before Brown-Forman's (BF.B) Q2 Earnings

    Brown-Forman's (BF.B) robust expansion and innovation efforts are expected to get reflected in second-quarter fiscal 2020 results. Higher input and tariff-related costs might have been drags.

  • Barrons.com

    Agilent Technologies, Merck, M&T Bank Announced Dividend Hikes

    Pharmaceutical company Merck plans to boost its quarterly dividend 11% while Brown-Forman, the maker of Jack Daniel’s whiskey, declared a 5% quarterly dividend boost.

  • Brown-Forman Hikes Dividend: What Else Should You Know?
    Zacks

    Brown-Forman Hikes Dividend: What Else Should You Know?

    Brown-Forman (BF.B) hikes its quarterly dividend by 5% to 17.43 cents a share. This marks the 36th consecutive year of dividend increase.

  • Business Wire

    Brown-Forman Increases Cash Dividend 5.0%

    Brown-Forman Corporation announced today that its Board of Directors increased its quarterly cash dividend on its Class A and Class B Common Stock by 5.0% to $0.1743 per share from the prior quarter’s $0.1660 per share.

  • Energy BBDO wins Brown-Forman liquor business: The surprising backstory
    American City Business Journals

    Energy BBDO wins Brown-Forman liquor business: The surprising backstory

    Energy BBDO emerged the victor in a creative shootout that was particularly surprising for whom it involved.

  • Business Wire

    Brown-Forman Selects Energy BBDO as Global Creative Agency of Record

    Brown-Forman Corporation announced today that Energy BBDO will be the new global creative agency of record for the majority of its global brand portfolio, including Jack Daniel’s, Woodford Reserve, Tequila Herradura, el Jimador, and Old Forester. “I believe we are at a pivotal moment in time as we seek to deliver the next generation of growth for our brands,” said Mark McCallum, Chief Brands Officer, Brown-Forman.

  • What Percentage Of Brown-Forman Corporation (NYSE:BF.B) Shares Do Insiders Own?
    Simply Wall St.

    What Percentage Of Brown-Forman Corporation (NYSE:BF.B) Shares Do Insiders Own?

    If you want to know who really controls Brown-Forman Corporation (NYSE:BF.B), then you'll have to look at the makeup...

  • Business Wire

    Brown-Forman Second Quarter Earnings Release and Conference Call Scheduled for December 5, 2019

    Brown-Forman Corporation will release its financial results for the second quarter fiscal 2020 on December 5, 2019 by 8:00 a.m. , followed by a conference call to discuss the results at 10:00 a.m.

  • Brown-Forman Corporation (NYSE:BF.B) Is Employing Capital Very Effectively
    Simply Wall St.

    Brown-Forman Corporation (NYSE:BF.B) Is Employing Capital Very Effectively

    Today we'll look at Brown-Forman Corporation (NYSE:BF.B) and reflect on its potential as an investment. Specifically...

  • 20 People to Know in Accounting: Tim Horton
    American City Business Journals

    20 People to Know in Accounting: Tim Horton

    Tim Horton is lead financial analyst-corporate financial planning and analysis, capital markets at Brown-Forman Corp.

  • Investors Should Bet on Things That Rarely Change
    GuruFocus.com

    Investors Should Bet on Things That Rarely Change

    'What is not going to change' is the wise question to ask among managers and investors Continue reading...

  • 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen)
    InvestorPlace

    7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen)

    As time passes, fewer investors are familiar with Peter Lynch. That's a shame. The famous former Fidelity fund manager delivered astounding returns for more than a decade in the 1970s and 1980s -- 29.2% per year annualized -- and wrote popular investing books describing his philosophy.Put very simply, Lynch is best known for the idea of looking for investments in stuff that you know. If you work in a specific industry, you likely have knowledge that most general market participants don't. Similarly, you may know more about local companies, banks, etc. in your city than the market as a whole. And in everyday life, there are plenty of things you can invest in as well.In fact, looking around your house, you can probably find items made from dozens of different publicly listed companies. Some of these may be big-ticket items such as your A.O. Smith (NYSE:AOS) water heater or your Whirlpool (NYSE:WHR) fridge. But there's plenty of money to be made in small repeat purchases as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe foods, drinks, spices, cleaning supplies and so on that are in your kitchen right now have historically been some of the stock market's all-time best performers. Coca-Cola (NYSE:KO), for example, has been so spectacularly successful that it helped make Atlanta a larger and more prosperous city than its regional rivals. When a soft drink formula can literally change an area's financial outlook, you realize that you shouldn't overlook the vast profit potential of everyday items. * 10 Hot Stocks Staging Huge Reversals With that in mind, it's worth taking a look at these seven dividend-paying stocks that make items that you can find in the average American kitchen. Dividend Stocks to Buy: PepsiCo (PEP)Source: suriyachan / Shutterstock.com Dividend Yield: 2.8%First off, let's start with a double-threat. PepsiCo (NYSE:PEP) is, as most of us are aware, Coca-Cola's leading rival; however, it's a more attractive business than Coca-Cola at this point because of its other business.Specifically PepsiCo also owns Frito Lay, the dominant player in chips and snack foods. Counting brands like Doritos, Fritos and Cheetos, PEP has a place in most people's pantries, even if you don't drink Pepsi.Folks have heard they should take in fewer sodas and eat less junk food. However, so far, consumption patterns haven't changed much. People like their little indulgences. That said, soda taxes are a concern, which makes PepsiCo's diversified revenue stream a safer bet than Coca-Cola over the long haul.At 23x forward earnings, PEP stock isn't especially cheap, but it's a reasonable price for a company with great brands and a solid 2.8% dividend yield. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.1%If you're like many Americans, you probably associate Hormel Foods (NYSE:HRL) with its iconic SPAM brand. That's understandable, the company has sold this product for so long that it has its own museum now. Even there, the company continues to innovate. For example, I just bought some of the company's new Pumpkin Spice SPAM and can't wait to try it. Still, I can't blame you for potentially wanting to pass on a maker of canned meat.But there's far more to the business than SPAM. Hormel is now No. 1 or No. 2 in more than 40 different grocery store items, ranging from its traditional strengths like bacon, turkey, canned chili and deli meats to a variety of more millennial-focused items. These include almond and other nut butters, ready-to-eat guacamole, free-range pesticide-free deli meat, imported Mexican salsas and other trendier items.Hormel has reported strong organic growth in its existing brands for years now, even as many of its packaged foods rivals have struggled immensely. That's because Hormel dominates niches, like guacamole, rather than being one of a "zillion" cereals, yogurts or ketchups, for example, competing for shelf space and consumer attention.HRL stock is also an appealing investment for the same reason its products are great in your pantry: they're built to last. Things like canned chili and SPAM are good to have around during storms and natural disasters. HRL stock is good to have in an economic disaster. * 7 Hot & Trendy Generation Z Stocks to Buy The company has no debt, making its balance sheet rock solid. And it has paid an increasing annual dividend for more than 50 consecutive years; rain or shine, Hormel will pay you more money every year to keep owning its stock. Shares are down slightly in recent months on fears that the swine fever in Asia will cause higher pork prices. That may be true for a quarter or two; long-term, however, Hormel will continue to make its loyal shareholders tons of money. Hershey (HSY)Source: mhiguera via FlickrDividend Yield: 2%If I had a dollar for every time someone told me Hershey (NYSE:HSY) stock was too expensive, I could buy a ton of chocolate. Thankfully, I bought a healthy portion of HSY stock years ago, and with the dividend, I also can buy many Hershey products for my family.Hershey stock is up 44% so far in 2019, leading people to say that Hershey is a great company but it's simply overpriced. In the short-run, that may be true. At 25x earnings, the stock is significantly above its historical median of around 21x. Given its high short-term valuation and big gains already in 2019, don't expect miracles from HSY stock over the next three or six months.If you're willing to hold for a few years, however, you should expect Hershey stock to proceed much higher. Why's that? The company has a dominant position in a high profit-margin, recession resistant market. There's only Hershey (44%) and Mars (30%) on a national scale, with no other chocolate producer making up more than 10% of the market. As a result, Hershey and Mars can keep prices high because few people like store brand chocolate.Also, chocolate sales tend to be recession resistant, meaning that earnings and dividends remain strong even during economic downturns. Brown-Forman (BF.A) (BF.B)Source: Shutterstock Dividend Yield: 1.1%Our next two picks are recent portfolio additions of Terry Smith. Smith, for those unfamiliar, is the manager of Fundsmith, Britain's largest mutual fund. Fundsmith has gained 17% per year -- or 269% total -- since the fund launched in 2010, absolutely smashing the fund's benchmark, which is up 128% over the same stretch.Smith's basic philosophy is simple: Buy great companies at a fair price, and then do nothing. As long as the companies continue to deliver returns, once you get in at a reasonable valuation, he wants to hold on forever. Between his simple philosophy and breathtaking returns, it's no wonder that he is often called the British Warren Buffett.What food and beverage items is Smith buying lately? First up is Brown-Forman (NYSE:BF.A) (NYSE:BF.B), the maker of Jack Daniels whisky, along with a variety of other spirits and liquors. Over the past 50 years or so, the Brown family has transformed Jack Daniels from a small regional whiskey to an international powerhouse. The company is now repeating its success with other brands such as its fast-growing tequila business.Brown-Forman is undoubtedly a great business. But with BF stock near all-time highs, is it still a great buy? Smith thinks so. He established his stake this summer. Despite trading near 30x earnings, you can still make a case for investing in BF stock at these prices. The company has historically grown both earnings and its dividend more than 10% per year; there has been no slowdown in results more recently either. The company's balance sheet is strong, insulating it from downturns. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk And even within the highly profitable liquor space, Brown-Forman's profit margins are exceptionally high. BF stock represents a low-risk steadily growing business with an unimpeachable brand in Jack Daniels. And if you like whiskey or tequila, the dividends can help defray the cost of that item from your budget. McCormick (MKC)Source: Blue Genie via FlickrDividend Yield: 1.4%Terry Smith's other recent purchase is also likely to show up in your kitchen. That's because Smith picked up stock in McCormick (NYSE:MKC), the famous spices and seasonings leader. Between McCormick's brand seasonings and its private label business, the company controls well over half the total market in America and has strong position in international geographies such as Mexico as well.McCormick, like Hershey, perpetually seems expensive on a price-to-earnings basis, as it generally trades around 25x earnings. Throughout the 1990s, for example, it never dropped under 20x earnings even once. Good luck trying to buy it cheaper than the S&P 500 on valuation. That said, McCormick has continued to post double-digit total returns for decades now and has hiked its dividend every year for decades making it a Dividend Aristocrat.How can McCormick reliably put so much more money in your pocket every year? Simply put, spices are a great business. They are cheap relative to the cost of making a meal, and you don't buy them too frequently. When the price of oregano goes up from $2.69 to $2.89, who is going to complain or switch to a different product? Additionally, McCormick is a dominant player in food service -- when you get some specific menu item at a chain restaurant, for example, there's a great chance McCormick provided the flavoring to give it its distinct taste and smell. McCormick has a large R&D team devoted to cooking up specific flavor pairings such as, say, mango chipotle, that inevitably end up on menus around the country.What attracted Smith to McCormick stock recently, after it had already appreciated significantly? Probably McCormick's recent purchase of the French's and Frank's brands. Frank's Red Hot sauce in particular is booming, but it had been owned by absentee foreigners who weren't marketing it effectively in the U.S. Under McCormick's ownership, sales are surging, leading overall earnings growth to accelerate sharply. Molson Coors (TAP)Source: Drew Stephens via FlickrDividend Yield: 4.1%If you're a beer person, this one is for you. Molson Coors (NYSE:TAP), unlike many on this list, has not performed great in recent years. In fact, the stock is down more than 40% from its historic highs. It's not hard to see why people are nervous; there has been a significant shift toward craft beer, and people have assumed that the macro brewers like Molson Coors will suffer greatly under this shift.It's simply not so, however. Craft beer makes up just 13% of the U.S. market, and its market share growth has slowed dramatically over the past year or two. Craft beer is a great product, and it has certainly disrupted the market. But it's not going to put the macro beers out of business; there's still plenty of value in brands, marketing and macro's much lower prices. Particularly in a recession, it will be hard for many people to justify drinking craft all the time.Also, Molson Coors has a few irons in the fire as far as craft goes. For folks that don't want to drink the company's namesake brands, they have other brands such as Blue Moon as well. Sure, some beer snobs will turn up their nose at even "major" craft brands like Blue Moon or Sam Adams (NYSE:SAM). But in general, running a brewery is a hard business, and the majority of the nation's beer will still come from major corporate enterprises one way or another. And Molson Coors will benefit as it does. * 10 Hot Stocks Staging Huge Reversals Why buy TAP stock now? For one thing, based on its steady operating results, the company just hiked its dividend by 40% and now pays a dividend yield of more than 4% annually. Management didn't get the memo that craft killed their business, apparently. The stock is also selling for just over 10x earnings. That's crazy cheap for a brewer; normally beer and liquor businesses sell at a major premium to the market, not a discount. As people realize that Molson Coor's profits and cash flow remain steady, shares will get bid up sharply. In the meantime, enjoy the big dividend. Colgate-Palmolive (CL)Source: Shutterstock Dividend Yield: 2.5%Finally, while you might not find this brand in your kitchen, after all that eating and drinking, you probably want to brush your teeth. Colgate-Palmolive (NYSE:CL) is the maker of the famous toothpaste brand Colgate, along with a variety of other hygiene products and cleaning supplies.CL stock has had a disappointing run over the past five years; shares have traded basically flat. Over that time, however, shares went from expensive to reasonably priced, as earnings have climbed nicely in the interim.The company has faced some setbacks over that stretch. The collapse of the Venezuelan economy cost Colgate one of its better international markets. And its Hill's pet food acquisition has taken longer to pay off than expected. Despite these setbacks, Colgate has managed to grow earnings without the share price going up … yet. That could change as investors look to pick up more solid defensive dividend stocks in the coming months.At the time of this writing, Ian Bezek owned TAP, MKC, HSY, AOS, BF.B, BF.A, and HRL stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) appeared first on InvestorPlace.