MGO One Seven LLC Has $3.69 Million Stake in Unilever PLC $UL

MGO One Seven LLC grew its stake in shares of Unilever PLC (NYSE:UL) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,461 shares of the company’s stock after buying an additional 16,240 shares during the period. MGO One Seven LLC’s holdings in Unilever were worth $3,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of UL. Palisade Asset Management LLC acquired a new stake in shares of Unilever in the 3rd quarter valued at approximately $25,000. Asset Dedication LLC boosted its stake in Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 248 shares during the last quarter. Global Wealth Strategies & Associates acquired a new position in Unilever during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in Unilever during the third quarter valued at approximately $29,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Unilever by 141.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 514 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Down 0.6%

UL opened at $58.38 on Friday. Unilever PLC has a 12 month low of $54.95 and a 12 month high of $74.97. The firm’s fifty day simple moving average is $61.30 and its 200 day simple moving average is $65.42.

Unilever (NYSE:UL) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.00). The business had revenue of $11.87 billion during the quarter, compared to analysts’ expectations of $31.39 billion. On average, research analysts predict that Unilever PLC will post 3.54 earnings per share for the current year.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be paid a $0.5449 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.18 annualized dividend and a yield of 3.7%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UL shares. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Argus upgraded Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Weiss Ratings cut Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.