Breaking: Institutional Investors Sentiment Indicator of Brown Forman Corp (NYSE:BF.B) Increases in 2016 Q2

November 28, 2016 - By kentuckypostne   ·   0 Comments

Breaking: Institutional Investors Sentiment Indicator of Brown Forman Corp (NYSE:BF.B)  Increases in  2016 Q2

Sentiment for Brown Forman Corp (NYSE:BF.B)

Brown Forman Corp (NYSE:BF.B) institutional sentiment increased to 7.32 in 2016 Q2. Its up 6.44, from 0.88 in 2016Q1. The ratio has increased, as 153 hedge funds increased or opened new equity positions, while 173 sold and decreased stock positions in Brown Forman Corp. The hedge funds in our partner’s database reported: 51.59 million shares, down from 56.05 million shares in 2016Q1. Also, the number of hedge funds holding Brown Forman Corp in their top 10 equity positions increased from 6 to 9 for an increase of 3. Sold All: 22 Reduced: 151 Increased: 122 New Position: 31.

Brown-Forman Corporation is a spirit and wine company. The company has a market cap of $19.10 billion. The Firm makes, bottles, imports, exports, markets and sells a range of alcoholic beverages. It has a 17.86 P/E ratio. The Firm has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail brands.

About 378,235 shares traded hands. Brown-Forman Corporation (NYSE:BF.B) has declined 0.74% since April 25, 2016 and is downtrending. It has underperformed by 6.76% the S&P500.

According to Zacks Investment Research, “Brown-Forman Corporation is a producer and marketer of fine quality beverage alcohol brands. The brands include Jack Daniel’s, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra. They globally market and sell various categories of beverage alcohol products, such as Tennessee, Canadian, and Kentucky whiskies; Kentucky bourbons; California sparkling wine; tequila; table wine; liqueurs; vodka; and ready-to-drink products. They sell their wine and spirits brands either through wholesale distributors or in states that directly control alcohol sales, state governments that then sell to retail customers and consumers. Their main international markets are the U.K., Australia, Mexico, Poland, Germany, France, Spain, Italy, South Africa, China, Japan, Canada, and Russia.”

Brown-Forman Corporation (NYSE:BF.B) Ratings Coverage

Ratings analysis reveals 14% of Brown-Forman’s analysts are positive. Out of 7 Wall Street analysts rating Brown-Forman, 1 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $95 while the high is $113. The stock’s average target of $107 is 128.49% above today’s ($46.83) share price. BF.B was included in 11 notes of analysts from July 21, 2015. The rating was downgraded by Sterne Agee CRT to “Neutral” on Friday, February 26. Stifel Nicolaus downgraded Brown-Forman Corporation (NYSE:BF.B) on Friday, October 23 to “Hold” rating. The rating was initiated by Credit Suisse on Friday, September 16 with “Outperform”. The firm has “Underweight” rating by Morgan Stanley given on Monday, September 28. RBC Capital Markets downgraded it to “Sector Perform” rating and $109 target price in Monday, January 4 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 27 report. The rating was initiated by Sterne Agee CRT with “Buy” on Tuesday, July 21.

BF.B Company Profile

Brown-Forman Corporation, incorporated on October 19, 1933, is a spirit and wine company. The Firm makes, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Firm has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. The Company’s principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No. 27 Gold Tennessee Whiskey, Finlandia Vodkas, Finlandia RTDs, Korbel California Champagnes, Korbel California Brandy, Woodford Reserve Kentucky Bourbons, el Jimador Tequilas, el Jimador New Mix RTDs, Herradura Tequilas, Canadian Mist Canadian Whisky, Sonoma-Cutrer California Wines, Early Times Kentucky Whisky and Bourbon, Chambord Liqueur, Old Forester Kentucky Bourbon, Antiguo Tequila, Pepe Lopez Tequila, Santa Dose Cachaca and Collingwood Canadian Whisky.

More notable recent Brown-Forman Corporation (NYSE:BF.B) news were published by: Fool.com which released: “For Brown-Forman Corporation, Jack Daniel’s Is More Important Than Ever” on September 05, 2016, also Fool.com with their article: “Is Now the Time to Buy Brown-Forman Corporation Stock?” published on April 13, 2016, Moodys.com published: “Moody’s say’s Brown-Forman’s new $1billion share repurchase program is credit …” on January 29, 2016. More interesting news about Brown-Forman Corporation (NYSE:BF.B) were released by: Prnewswire.com and their article: “Consumer Goods Stocks under Scanner — Brown-Forman, Constellation Brands …” published on November 17, 2016 as well as Businesswire.com‘s news article titled: “Brown-Forman Corporation Named One of the DEI® Best Places to Work” with publication date: July 21, 2016.

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