Reynders McVeigh Capital Management LLC Purchases 109,466 Shares of Unilever PLC $UL

Reynders McVeigh Capital Management LLC raised its position in Unilever PLC (NYSE:UL) by 36.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 413,512 shares of the company’s stock after acquiring an additional 109,466 shares during the period. Unilever makes up about 1.0% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 26th largest position. Reynders McVeigh Capital Management LLC’s holdings in Unilever were worth $24,860,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UL. Elyxium Wealth LLC bought a new position in shares of Unilever in the fourth quarter valued at $25,000. Financial Life Planners acquired a new stake in shares of Unilever in the 1st quarter worth about $25,000. Bard Associates Inc. bought a new position in Unilever in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new position in Unilever in the 1st quarter valued at about $29,000. Finally, Essential Partners LLC boosted its stake in Unilever by 125.5% during the 1st quarter. Essential Partners LLC now owns 602 shares of the company’s stock valued at $34,000 after purchasing an additional 335 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UL has been the subject of several analyst reports. Weiss Ratings raised Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Price Performance

Shares of NYSE:UL traded down $1.10 during trading on Tuesday, reaching $62.47. The company had a trading volume of 2,864,918 shares, compared to its average volume of 4,173,500. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The company has a fifty day moving average of $63.09 and a two-hundred day moving average of $61.02.

Unilever (NYSE:UL) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. On average, equities research analysts anticipate that Unilever PLC will post 3.53 earnings per share for the current fiscal year.

Unilever Profile

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann’s, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.