Unilever NV (UN) Stock Rating Lowered by Zacks Investment Research
Unilever NV (NYSE:UN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
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. “
UN has been the subject of several other reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever NV in a research report on Monday, August 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever NV in a research report on Thursday, September 1st. Royal Bank Of Canada downgraded Unilever NV from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Citigroup Inc. upgraded Unilever NV from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets downgraded Unilever NV from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Unilever NV currently has a consensus rating of “Hold” and a consensus target price of $41.00.
Unilever NV (NYSE:UN) opened at 41.51 on Tuesday. The firm has a market cap of $117.84 billion, a P/E ratio of 21.71 and a beta of 0.84. Unilever NV has a 52-week low of $40.03 and a 52-week high of $48.00. The firm’s 50-day moving average price is $43.87 and its 200-day moving average price is $45.03.
The firm also recently announced a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Friday, October 28th will be issued a $0.301 dividend. The ex-dividend date is Wednesday, October 26th.
A number of large investors have recently modified their holdings of UN. Mar Vista Investment Partners LLC increased its stake in shares of Unilever NV by 3.9% in the second quarter. Mar Vista Investment Partners LLC now owns 1,284,060 shares of the company’s stock worth $60,274,000 after buying an additional 48,240 shares during the last quarter. Headinvest LLC boosted its stake in shares of Unilever NV by 0.4% in the second quarter. Headinvest LLC now owns 117,247 shares of the company’s stock worth $5,504,000 after buying an additional 470 shares during the period. Cooke & Bieler LP boosted its stake in shares of Unilever NV by 25.3% in the second quarter. Cooke & Bieler LP now owns 1,516,971 shares of the company’s stock worth $71,206,000 after buying an additional 306,685 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Unilever NV by 548.4% in the second quarter. Janney Montgomery Scott LLC now owns 366,480 shares of the company’s stock worth $17,202,000 after buying an additional 309,959 shares during the period. Finally, World Asset Management Inc boosted its stake in shares of Unilever NV by 8.3% in the second quarter. World Asset Management Inc now owns 106,131 shares of the company’s stock worth $4,982,000 after buying an additional 8,145 shares during the period. Institutional investors and hedge funds own 6.60% of the company’s stock.
About Unilever NV
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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