Brown-Forman, the parent company of Jack Daniel's and Old Forester, has seen a significant rise in its stock, continuing its 41-year streak of increasing cash dividends. Despite a temporary fall out of favor for Jack Daniel's, the company presents a solid long-term outlook. The Q4 2024 results reflect this resilience, although there has been a noticeable drop in sales and earnings. Among the top large cap losers last week were Tesla, SoFi Technologies, and certain alcohol stocks, including Brown-Forman. Yet, investment advice leans toward buying Brown-Forman stocks when tech stocks plummet. The company's strategic actions include the acquisition of the Diplomático Rum brand and a $400 million share repurchase, despite some market underperformance. Their stockholders have elected directors and approved cash dividends. Brown-Forman's attractiveness comes from its excellent valuation and strategic cuts, and it continues to be viewed as a fast-growing dividend aristocrat. However, for a value-oriented portfolio, the stock may seem too expensive.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 16 Jan 2025 23:03:00 GMT -
Rating 6
- Innovation 2
- Information 5
- Rumor -4
