Cowen and Company reissued their hold rating on shares of Brown Forman Corporation (NYSE:BF.B) in a research note issued to investors on Thursday. The brokerage currently has a $52.00 price target on the stock.
BF.B has been the subject of a number of other research reports. Royal Bank Of Canada restated a hold rating and issued a $51.00 price objective on shares of Brown Forman Corporation in a research report on Monday, May 22nd. Credit Suisse Group cut Brown Forman Corporation from an outperform rating to a neutral rating and increased their target price for the stock from $51.00 to $53.00 in a report on Wednesday, June 7th. Zacks Investment Research upgraded Brown Forman Corporation from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Tuesday, May 9th. Deutsche Bank AG reiterated a hold rating and set a $50.00 target price on shares of Brown Forman Corporation in a report on Tuesday, June 13th. Finally, Societe Generale cut Brown Forman Corporation from a hold rating to a sell rating in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $50.71.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.183 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of Infinity. This is an increase from Brown Forman Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 6th. Brown Forman Corporation’s dividend payout ratio is currently 42.94%.
About Brown Forman Corporation
Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its 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.
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