Zacks Investment Research cut shares of Unilever (NYSE:UN) from a hold rating to a sell rating in a research note published on Friday.
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. “
Other analysts have also issued reports about the stock. UBS upgraded shares of Unilever from a neutral rating to a buy rating in a report on Wednesday, March 28th. Argus upgraded shares of Unilever from a hold rating to a buy rating in a report on Friday, March 23rd. They noted that the move was a valuation call. Investec upgraded shares of Unilever from a hold rating to a buy rating in a report on Monday, January 29th. ABN Amro upgraded shares of Unilever from a sell rating to a hold rating in a report on Friday, February 2nd. Finally, JPMorgan Chase restated a neutral rating on shares of Unilever in a report on Monday, December 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Unilever has a consensus rating of Hold and a consensus price target of $66.00.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th were issued a $0.445 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.78 annualized dividend and a yield of 3.12%. Unilever’s dividend payout ratio (DPR) is 59.68%.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bollard Group LLC increased its stake in shares of Unilever by 15.2% during the fourth quarter. Bollard Group LLC now owns 7,122 shares of the company’s stock valued at $401,000 after purchasing an additional 939 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Unilever by 3.9% during the fourth quarter. Suntrust Banks Inc. now owns 26,146 shares of the company’s stock valued at $1,470,000 after purchasing an additional 973 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of Unilever by 8.1% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 13,300 shares of the company’s stock valued at $749,000 after purchasing an additional 1,000 shares in the last quarter. Bourgeon Capital Management LLC increased its stake in shares of Unilever by 26.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 4,850 shares of the company’s stock valued at $273,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Unilever by 4.7% during the fourth quarter. Synovus Financial Corp now owns 25,487 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,144 shares in the last quarter. 8.28% of the stock is owned by institutional investors and hedge funds.
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Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
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