Unilever (UN) Upgraded by Zacks Investment Research to Buy
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 research analysts also recently weighed in on UN. Sanford C. Bernstein reaffirmed an outperform rating on shares of Unilever in a research note on Monday, August 22nd. RBC Capital Markets lowered Unilever from an outperform rating to a sector perform rating in a report on Friday, July 22nd. Royal Bank Of Canada lowered Unilever from an outperform rating to a sector perform rating in a report on Friday, July 22nd. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Unilever in a report on Thursday, September 1st. Finally, Citigroup Inc. raised Unilever from a neutral rating to a buy rating in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $41.00.
Shares of Unilever (NYSE:UN) opened at 45.25 on Tuesday. Unilever has a one year low of $37.92 and a one year high of $48.00. The stock’s 50 day moving average price is $46.12 and its 200 day moving average price is $45.27. The firm has a market capitalization of $128.46 billion, a price-to-earnings ratio of 23.31 and a beta of 0.76.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were paid a $0.3531 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This is a boost from Unilever’s previous quarterly dividend of $0.34. This represents a $1.41 annualized dividend and a dividend yield of 3.12%.
Several hedge funds have recently bought and sold shares of UN. Abner Herrman & Brock LLC boosted its stake in Unilever by 0.6% in the second quarter. Abner Herrman & Brock LLC now owns 8,690 shares of the company’s stock valued at $403,000 after buying an additional 48 shares during the last quarter. Northstar Group Inc. raised its position in Unilever by 0.4% in the second quarter. Northstar Group Inc. now owns 20,368 shares of the company’s stock valued at $956,000 after buying an additional 77 shares during the last quarter. Smithfield Trust Co. raised its position in Unilever by 0.4% in the second quarter. Smithfield Trust Co. now owns 23,335 shares of the company’s stock valued at $1,095,000 after buying an additional 96 shares during the last quarter. Cypress Wealth Advisors LLC raised its position in Unilever by 1.1% in the second quarter. Cypress Wealth Advisors LLC now owns 9,237 shares of the company’s stock valued at $434,000 after buying an additional 101 shares during the last quarter. Finally, 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 last quarter.
Unilever Company Profile
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.
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