BlackRock Amends Boston Beer Stake, Signals Continued Passive Investment
Ticker: SAM · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still holds Boston Beer stock, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Class A Common Stock in BOSTON BEER CO INC as of December 31, 2023. This is the 16th amendment to their filing, showing a continued significant, though passive, investment in the company. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests a long-term belief in Boston Beer's value, which can provide a degree of confidence to other shareholders.
Why It Matters
BlackRock's consistent filing of an SC 13G/A for BOSTON BEER CO INC indicates a stable, passive investment by a major institutional player, which can be a positive signal for the stock's long-term outlook.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in strategy.
Analyst Insight
An investor should view this as a routine update from a major institutional holder, confirming their continued, passive interest in Boston Beer. It doesn't signal an immediate buy or sell, but rather a stable institutional presence.
Key Numbers
- 16 — Amendment Number (This is the 16th amendment to BlackRock's Schedule 13G filing for BOSTON BEER CO INC, indicating a long history of reporting on this position.)
- 100557107 — CUSIP Number (This unique identifier confirms the specific Class A Common Stock of BOSTON BEER CO INC being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- BOSTON BEER CO INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in BOSTON BEER CO INC. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 16' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company of this filing?
The subject company is BOSTON BEER CO INC, as stated in the 'SUBJECT COMPANY' section and 'Name of Issuer' on the Schedule 13G form.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the Schedule 13G cover page.
What class of securities is being reported by BlackRock Inc.?
BlackRock Inc. is reporting its ownership of 'Class A Common Stock' of BOSTON BEER CO INC, as indicated under 'Title of Class of Securities' on the Schedule 13G form.
From the Filing
EDGAR Filing Documents for 0001086364-24-003752 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. 0001086364-24-003752 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:27 Documents 1 Document Format Files Seq Description Document Type Size 1 us1005571070_012524.txt SC 13G/A 11819 Complete submission text file 0001086364-24-003752.txt 13633 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.: 24562975 SIC : 2082 Malt Beverages (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)