Brown-Forman Corporation, a leading company in the alcohol industry, recently saw a shift in leadership as an executive moved to a Chairman role. The company also declared a cash dividend and continues to maintain its status among Dividend Aristocrats. The company's stock is currently trading near its 52-week low, providing a potential buy opportunity. Recently, the company posted earnings that exceeded expectations, leading its stock to rally. Analysts consider Brown-Forman among the best alcohol stocks to buy. The company's year-to-date fiscal 2025 results were reported and they maintained their full year growth outlook. Recently, they formed a new distributor partnership with Reyes Beverage Group in California. Furthermore, the company extended its credit agreement to 2029. However, there were reports suggesting that Jack Daniel's Tennessee Whiskey, one of its flagship products, has fallen out of favor temporarily. Despite this, analysts urge investors to consider Brown-Forman due to its attractive valuation after a 12% job cut and the imposition of tariffs. They've completed the acquisition of Diplomático Rum Brand and agreed to sell Sonoma-Cutrer Vineyards. Their dedication to stakeholders recently resulted in a 2-for-1 stock split and a declared cash dividend.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 14 Feb 2014 08:00:00 GMT to Thu, 01 May 2025 00:00:00 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -4
