Unilever NV (UN) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Unilever NV (NYSE:UN) from a hold rating to a buy rating in a report released on Thursday. Zacks Investment Research currently has $66.00 target price on the stock.
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 firms have also recently issued reports on UN. J P Morgan Chase & Co reissued a neutral rating on shares of Unilever NV in a research note on Thursday, September 7th. UBS AG reissued a neutral rating on shares of Unilever NV in a research note on Monday, July 17th. BidaskClub raised Unilever NV from a hold rating to a buy rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada cut Unilever NV from a sector perform rating to an underperform rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Unilever NV presently has an average rating of Hold and an average price target of $66.00.
Shares of Unilever NV (NYSE UN) traded down 1.15% during mid-day trading on Thursday, reaching $58.52. 2,558,088 shares of the company traded hands. The stock’s 50 day moving average is $59.38 and its 200 day moving average is $55.83. The stock has a market capitalization of $164.59 billion, a PE ratio of 23.99 and a beta of 0.89. Unilever NV has a 52-week low of $38.41 and a 52-week high of $60.90.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th were given a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, August 2nd.
Hedge funds have recently bought and sold shares of the business. Covington Capital Management increased its position in Unilever NV by 0.5% during the 1st quarter. Covington Capital Management now owns 55,397 shares of the company’s stock worth $2,741,000 after buying an additional 250 shares during the period. Bank of America Corp DE increased its position in shares of Unilever NV by 3.6% in the first quarter. Bank of America Corp DE now owns 5,223,427 shares of the company’s stock worth $259,500,000 after purchasing an additional 179,531 shares during the period. Aristotle Capital Management LLC increased its position in shares of Unilever NV by 1.6% in the first quarter. Aristotle Capital Management LLC now owns 4,790,618 shares of the company’s stock worth $237,998,000 after purchasing an additional 74,444 shares during the period. Mirador Capital Partners LP increased its position in shares of Unilever NV by 24.0% in the second quarter. Mirador Capital Partners LP now owns 43,647 shares of the company’s stock worth $2,541,000 after purchasing an additional 8,441 shares during the period. Finally, Birinyi Associates Inc. increased its position in shares of Unilever NV by 2.6% in the second quarter. Birinyi Associates Inc. now owns 38,772 shares of the company’s stock worth $2,143,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.
Unilever NV Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
Receive News & Ratings for Unilever NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever NV and related companies with Analyst Ratings Network's FREE daily email newsletter.