FMR LLC & Abigail Johnson Hold 9.809% of Boston Beer Co. Stock
Ticker: SAM · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 949870
| Field | Detail |
|---|---|
| Company | Boston Beer Co Inc (SAM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC and Abigail Johnson still own nearly 10% of Boston Beer Co. (SAM) stock.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Boston Beer Company Inc. (SAM) to 9.809% of Class A Common Stock, totaling 993,034 shares as of January 10, 2024. This filing indicates a slight adjustment in their reported holdings, showing FMR LLC's continued significant, but passive, investment in the craft brewer. For investors, this means a large institutional holder maintains a substantial position, which can signal confidence in the company's long-term prospects, but any future changes could impact stock price.
Why It Matters
This filing confirms a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant stake in Boston Beer Company, signaling their ongoing belief in the company's value. Their large, passive ownership can provide a degree of stability to the stock.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor, indicating no immediate change in strategy or significant risk.
Analyst Insight
This filing is a routine update from a large institutional investor. Smart investors should note the continued significant ownership by FMR LLC, which suggests long-term confidence, but it doesn't signal any immediate buying or selling action. It's a data point for understanding institutional holdings.
Key Numbers
- 9.809% — Percent of Class A Common Stock (Represents the total ownership stake of FMR LLC and Abigail P. Johnson in Boston Beer Company Inc.)
- 993,034 — Shares Beneficially Owned (The exact number of Class A Common Stock shares held by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — Reporting Person, parent holding company
- Abigail P. Johnson (person) — Reporting Person, principal owner of FMR LLC
- BOSTON BEER COMPANY INC (company) — Subject Company, issuer of the stock
- 9.809% (dollar_amount) — Percentage of Class A Common Stock owned
- 993,034 (dollar_amount) — Total shares beneficially owned
- January 10, 2024 (date) — Date as of change and filing date
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Boston Beer Company Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-01-10
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What percentage of Boston Beer Company Inc.'s Class A Common Stock do the reporting persons beneficially own?
FMR LLC and Abigail P. Johnson beneficially own 9.809% of Boston Beer Company Inc.'s Class A Common Stock, as indicated in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
How many shares of Class A Common Stock are beneficially owned by the reporting persons?
The reporting persons beneficially own a total of 993,034 shares of Class A Common Stock, as shown in Item 9 for both FMR LLC and Abigail P. Johnson, and Item 4(a) for FMR LLC.
What is the CUSIP number for the Class A Common Stock of Boston Beer Company Inc.?
The CUSIP number for the Class A Common Stock of Boston Beer Company Inc. is 100557107, as stated in Item 2(e) and on the cover page of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and in Item 3 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 by Abigail P. Johnson regarding BOSTON BEER CO INC (SAM).