Unilever NV (UN) Stock Rating Upgraded by Zacks Investment Research
Unilever NV (NYSE:UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 research analysts have also issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever NV in a report on Thursday, September 22nd. Citigroup Inc. upgraded shares of Unilever NV from a “neutral” rating to a “buy” rating in a report on Wednesday, August 31st. Sanford C. Bernstein restated an “outperform” rating on shares of Unilever NV in a report on Monday, August 22nd. RBC Capital Markets downgraded shares of Unilever NV from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. Finally, Royal Bank Of Canada downgraded shares of Unilever NV from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Unilever NV presently has an average rating of “Hold” and an average price target of $41.00.
Unilever NV (NYSE:UN) opened at 39.19 on Wednesday. The company has a market cap of $111.25 billion, a P/E ratio of 20.80 and a beta of 0.84. The stock has a 50 day moving average of $42.98 and a 200-day moving average of $44.85. Unilever NV has a 12 month low of $39.03 and a 12 month high of $48.00.
The company also recently announced a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Friday, October 28th will be issued a $0.301 dividend. The ex-dividend date of this dividend is Wednesday, October 26th.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Japan Co. Ltd purchased a new stake in shares of Unilever NV during the second quarter valued at approximately $104,000. Woodmont Investment Counsel LLC bought a new stake in Unilever NV during the third quarter worth about $104,000. Buffington Mohr McNeal increased its stake in Unilever NV by 7.0% in the third quarter. Buffington Mohr McNeal now owns 2,292 shares of the company’s stock worth $105,000 after buying an additional 150 shares during the period. Capital International Inc. CA bought a new stake in Unilever NV during the second quarter worth about $122,000. Finally, Cable Hill Partners LLC increased its stake in Unilever NV by 125.3% in the third quarter. Cable Hill Partners LLC now owns 3,236 shares of the company’s stock worth $148,000 after buying an additional 1,800 shares during the period. Institutional investors own 6.46% of the company’s stock.
Unilever NV 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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