The Brown–Forman Corporation is an American company, one of the largest in the spirits and wine business. Based in Louisville, Kentucky, it manufactures several well known brands throughout the world, including Jack Daniels, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Finlandia, Herradura, Korbel, and Chambord.
Company profile
Ticker
BF.A, BF.B
Exchange
Website
CEO
Lawson Whiting
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Amercain Investments, C.V. • AMG Trading, L.L.C. • The BenRiach Distillery Company Limited • Brown-Forman Australia • Brown-Forman Beverages Europe, Ltd. • Brown-Forman Beverages Worldwide • Brown-Forman Deutschland GmbH • Brown-Forman Holding Mexico S.A. de C.V. • Brown-Forman Hungary 1 Kft. • Brown-Forman Korea Ltd. ...
IRS number
610143150
BF.A stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
23 Mar 23
424B2
Prospectus for primary offering
22 Mar 23
FWP
Free writing prospectus
21 Mar 23
424B3
Prospectus supplement
21 Mar 23
S-3ASR
Automatic shelf registration
8 Mar 23
10-Q
2023 Q3
Quarterly report
8 Mar 23
8-K
Brown-forman Delivers Strong Year-to-date Net Sales Growth
8 Mar 23
S-8 POS
Registration of securities for employees (post-effective amendment)
17 Jan 23
8-K
Brown-forman Completes Acquisition of Diplomático Rum Brand
5 Jan 23
10-Q
2023 Q2
Quarterly report
7 Dec 22
Transcripts
BF.A
Earnings call transcript
2023 Q3
8 Mar 23
BF.A
Earnings call transcript
2023 Q2
7 Dec 22
BF.A
Earnings call transcript
2023 Q1
31 Aug 22
BF.A
Earnings call transcript
2022 Q4
8 Jun 22
BF.A
Earnings call transcript
2022 Q3
3 Mar 22
BF.A
Earnings call transcript
2022 Q2
8 Dec 21
BF.A
Earnings call transcript
2022 Q1
1 Sep 21
BF.A
Earnings call transcript
2021 Q4
9 Jun 21
BF.A
Earnings call transcript
2021 Q2
8 Dec 20
BF.A
Earnings call transcript
2021 Q1
2 Sep 20
Latest ownership filings
Financial summary
| Quarter (USD) | Jan 23 | Oct 22 | Jul 22 | Apr 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | Apr 21 | Apr 20 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 437.00 mm | 437.00 mm | 437.00 mm | 437.00 mm | 437.00 mm | 437.00 mm |
| Cash burn (monthly) | 219.67 mm | 31.25 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 423.14 mm | 60.20 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 13.86 mm | 376.80 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 0.1 | 12.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
89.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 660 |
| Opened positions | 82 |
| Closed positions | 66 |
| Increased positions | 238 |
| Reduced positions | 219 |
| 13F shares | Current |
|---|---|
| Total value | 9.99 tn |
| Total shares | 152.05 mm |
| Total puts | 57.40 k |
| Total calls | 134.30 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 22.24 mm | $1.46 tn |
| BLK Blackrock | 16.55 mm | $1.09 tn |
| Fundsmith | 12.15 mm | $797.80 bn |
| STT State Street | 10.47 mm | $689.62 bn |
| Geode Capital Management | 4.18 mm | $274.24 bn |
| Fundsmith Investment Services | 3.94 mm | $258.89 bn |
| IVZ Invesco | 3.35 mm | $220.13 bn |
| MS Morgan Stanley | 2.85 mm | $186.89 bn |
| Brown Advisory | 2.80 mm | $183.88 bn |
| ProShare Advisors | 2.54 mm | $167.04 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Feb 23 | Whiting Lawson E | Class B Common | Payment of exercise | Dispose F | No | No | 64.9 | 15,394 | 999.07 k | 25,444 |
| 22 Feb 23 | Whiting Lawson E | Class B Common | Option exercise | Acquire M | No | No | 28.034 | 22,195 | 622.21 k | 40,838 |
| 22 Feb 23 | Whiting Lawson E | Stock Appreciation Right Class B Common | Option exercise | Dispose M | No | No | 28.034 | 22,195 | 622.21 k | 0 |
| 31 Jan 23 | Hamel Matthew E | Class B Common | Payment of exercise | Dispose F | No | No | 66 | 6,649 | 438.83 k | 33,861 |
| 31 Jan 23 | Hamel Matthew E | Class B Common | Option exercise | Acquire M | No | No | 28.034 | 10,880 | 305.01 k | 40,510 |
| 31 Jan 23 | Hamel Matthew E | Stock Appreciation Right Class B Common | Option exercise | Dispose M | No | No | 28.034 | 10,880 | 305.01 k | 10,880 |
| 31 Oct 22 | Hamel Matthew E | Class B Common | Payment of exercise | Dispose F | No | No | 68.17 | 7,457 | 508.34 k | 24,838 |
| 31 Oct 22 | Hamel Matthew E | Class B Common | Option exercise | Acquire M | No | No | 28.034 | 10,880 | 305.01 k | 32,295 |
| 31 Oct 22 | Hamel Matthew E | Stock Appreciation Right Class B Common | Option exercise | Dispose M | No | No | 28.034 | 10,880 | 305.01 k | 21,760 |