Published on 18 Apr 2024 on Insider Monkey via Yahoo Finance
Brown-Forman Corporation (BF-B) Fell as It Posted Slow Revenue Growth
Madison Investments, an investment advisor, released its “Madison Mid Cap Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund (Class Y) returned 9.63% compared to an 8.60% return for the Russell Midcap Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Madison Mid Cap Fund featured stocks like Brown-Forman Corporation (NYSE:BF-B) in the first quarter 2024 investor letter. Headquartered in Louisville, Kentucky, Brown-Forman Corporation (NYSE:BF-B) manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. On April 17, 2024, Brown-Forman Corporation (NYSE:BF-B) stock closed at $50.44 per share. One-month return of Brown-Forman Corporation (NYSE:BF-B) was -4.84%, and its shares lost 23.30% of their value over the last 52 weeks. Brown-Forman Corporation (NYSE:BF-B) has a market capitalization of $23.44 billion.
Madison Mid Cap Fund stated the following regarding Brown-Forman Corporation (NYSE:BF-B) in its first quarter 2024 investor letter: