Brown-Forman Corp (NASDAQ:BF/B) declared a dividend on Thursday, November 21st, Fidelity reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.1743 per share on Thursday, January 2nd. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Brown-Forman’s previous dividend of $0.17.
Shares of BF/B opened at $67.82 on Monday. The company has a fifty day simple moving average of $63.73 and a two-hundred day simple moving average of $57.73.
Several brokerages have weighed in on BF/B. BMO Capital Markets boosted their price target on Brown-Forman from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 29th. Morgan Stanley boosted their price target on Brown-Forman from $51.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. MKM Partners began coverage on Brown-Forman in a report on Friday, September 20th. They issued a “neutral” rating and a $59.00 price target for the company. UBS Group boosted their price target on Brown-Forman from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Evercore ISI reissued an “in-line” rating and set a $60.00 price objective on shares of Brown-Forman in a research note on Thursday, September 19th. Eleven equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $58.60.
Brown-Forman Company Profile
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs.
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