Unilever (UN) Rating Lowered to Hold at Zacks Investment Research
Unilever (NYSE:UN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
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 equities analysts have also recently commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever in a research note on Thursday. Citigroup Inc. upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research note on Monday, August 22nd. RBC Capital Markets cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.00.
Shares of Unilever (NYSE:UN) opened at 46.44 on Friday. The firm has a market capitalization of $131.83 billion, a price-to-earnings ratio of 23.93 and a beta of 0.76. The stock has a 50 day moving average of $46.15 and a 200-day moving average of $45.28. Unilever has a 52 week low of $38.75 and a 52 week high of $48.00.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were given a dividend of $0.3531 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from Unilever’s previous quarterly dividend of $0.34.
Large investors have recently made changes to their positions in the company. BlackRock Japan Co. Ltd purchased a new stake in shares of Unilever during the second quarter worth about $104,000. Capital International Inc. CA purchased a new stake in shares of Unilever during the second quarter worth about $122,000. Ledyard National Bank boosted its stake in shares of Unilever by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock worth $166,000 after buying an additional 1,665 shares during the period. First Interstate Bank boosted its stake in shares of Unilever by 26.1% in the second quarter. First Interstate Bank now owns 3,625 shares of the company’s stock worth $170,000 after buying an additional 750 shares during the period. Finally, Physicians Financial Services Inc. boosted its stake in shares of Unilever by 13.4% in the second quarter. Physicians Financial Services Inc. now owns 3,729 shares of the company’s stock worth $175,000 after buying an additional 440 shares during the period.
Unilever 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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