FMR LLC & Abigail Johnson Hold 9.809% of Boston Beer Co. Stock
Ticker: SAM · Form: SC 13G/A · Filed: 2024-01-10T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0000315066-24-000029 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-000029 Filing Date 2024-01-10 Accepted 2024-01-10 08:53:27 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6650 Complete submission text file 0000315066-24-000029.txt 8313 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address ONE DESIGN CENTER PLACE SUITE 850 BOSTON MA 02210 Business Address ONE DESIGN CENTER PLACE SUITE 850 BOSTON MA 02210 617-368-5056 BOSTON BEER CO INC (Subject) CIK : 0000949870 (see all company filings) EIN. : 043284048 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-49309 | Film No.: 24524978 SIC : 2082 Malt Beverages (CF Office: 04 Manufacturing)