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. “
A number of other analysts have also recently issued reports on UN. Sanford C. Bernstein reissued an outperform rating on shares of Unilever in a research note on Monday, August 22nd. RBC Capital Markets cut shares of Unilever from an outperform rating to a sector perform rating in a research note on Friday, July 22nd. Royal Bank Of Canada cut shares of Unilever from an outperform rating to a sector perform rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. reissued a buy rating on shares of Unilever in a research note on Thursday, September 1st. Finally, Citigroup Inc. raised shares of Unilever from a neutral rating to a buy rating in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Unilever presently has an average rating of Hold and a consensus target price of $41.00.
Shares of Unilever (NYSE:UN) opened at 46.10 on Friday. The firm has a 50-day moving average of $46.17 and a 200 day moving average of $45.30. The company has a market capitalization of $130.87 billion, a P/E ratio of 23.90 and a beta of 0.76. Unilever has a 1-year low of $38.75 and a 1-year high of $48.00.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were paid a dividend of $0.3531 per share. This represents a $1.41 annualized dividend and a yield of 3.06%. This is a boost from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, August 3rd.
Institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC raised its position in Unilever by 9.6% in the first quarter. Fisher Asset Management LLC now owns 6,350 shares of the company’s stock valued at $290,000 after buying an additional 556 shares during the period. Headinvest LLC raised its position in Unilever by 0.4% in the second quarter. Headinvest LLC now owns 117,247 shares of the company’s stock valued at $5,504,000 after buying an additional 470 shares during the period. Winslow Evans & Crocker Inc. raised its position in Unilever by 0.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 26,310 shares of the company’s stock valued at $1,235,000 after buying an additional 113 shares during the period. Renaissance Technologies LLC raised its position in Unilever by 88.6% in the first quarter. Renaissance Technologies LLC now owns 661,492 shares of the company’s stock valued at $29,608,000 after buying an additional 310,777 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its position in Unilever by 9.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 382,027 shares of the company’s stock valued at $17,933,000 after buying an additional 33,919 shares during the period.
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.