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. “
Several other analysts have also issued reports on the company. Redburn Partners reiterated a “sell” rating on shares of Unilever in a report on Friday, October 11th. Goldman Sachs Group upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Morgan Stanley lowered Unilever from an “in-line” rating to an “underweight” rating in a report on Wednesday, September 18th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.00.
A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in Unilever in the third quarter valued at approximately $646,000. Banco de Sabadell S.A bought a new stake in Unilever in the third quarter valued at approximately $2,100,000. Barclays PLC raised its stake in Unilever by 26.2% in the third quarter. Barclays PLC now owns 116,381 shares of the company’s stock valued at $6,987,000 after buying an additional 24,166 shares during the period. Cullen Capital Management LLC raised its stake in Unilever by 0.3% in the third quarter. Cullen Capital Management LLC now owns 1,088,880 shares of the company’s stock valued at $65,365,000 after buying an additional 2,940 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Unilever by 49.3% in the third quarter. Integrated Wealth Concepts LLC now owns 7,293 shares of the company’s stock valued at $438,000 after buying an additional 2,408 shares during the period. Hedge funds and other institutional investors own 8.23% of the company’s stock.
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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