Zacks Investment Research upgraded shares of Unilever (NYSE:UN) from a sell rating to a hold rating in a report released on Wednesday, December 27th.
According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “
Separately, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Unilever in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $66.00.
Unilever (UN) opened at $55.49 on Wednesday. Unilever has a 52 week low of $40.06 and a 52 week high of $61.62.
Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in Unilever by 7.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,464,205 shares of the company’s stock worth $86,430,000 after buying an additional 107,496 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Unilever by 67.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,456,768 shares of the company’s stock worth $80,515,000 after buying an additional 584,455 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Unilever by 4.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 275,866 shares of the company’s stock worth $16,287,000 after buying an additional 11,029 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Unilever by 175.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,587 shares of the company’s stock worth $2,574,000 after buying an additional 27,772 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Unilever by 11.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,298,881 shares of the company’s stock worth $76,686,000 after buying an additional 137,758 shares in the last quarter. 8.67% of the stock is owned by hedge funds and other institutional investors.
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Unilever Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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