Brown-Forman Corporation Class B (BF B) has seen its share of both ups and downs, underperforming the market on numerous occasions. Their stock hasn't been this interesting for years as they continue to underperform in the consumer defensive sector. Despite this, the dividend aristocrat announced a
cash dividend as well as a
$400 million share repurchase, indicating financial health and appealing to shareholders. Their fiscal Q1 reports show a squeeze in profit margins as
whiskey and Tequila sales plunged, also evident in their Q2 Earnings forecast. The company has made strategic moves such as the acquisition of the
Diplomático Rum brand and a series of beneficial stakeholder decisions. Changes in
European leadership and CFO positions hint at organization restructuring. Analysts predict an
earnings decline, causing some market concern. However, Brown-Forman increased their cash dividend for the 39th consecutive year and elected Mark Clouse and Elizabeth Smith to the board of directors, illustrating stability and growth.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Fri, 15 Nov 2024 22:11:00 GMT -
Rating -4
- Innovation -3
- Information 5
- Rumor -1
