Unilever (NYSE:UN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
Separately, JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Unilever has an average rating of “Hold” and a consensus price target of $66.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Unilever by 20.4% in the second quarter. FMR LLC now owns 14,213,201 shares of the company’s stock worth $785,563,000 after buying an additional 2,408,645 shares during the period. BlackRock Inc. boosted its position in shares of Unilever by 1.9% in the second quarter. BlackRock Inc. now owns 9,343,387 shares of the company’s stock worth $516,410,000 after buying an additional 176,316 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Unilever by 7.9% in the third quarter. Russell Investments Group Ltd. now owns 1,464,205 shares of the company’s stock worth $86,430,000 after buying an additional 107,496 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Unilever by 67.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,456,768 shares of the company’s stock worth $80,515,000 after buying an additional 584,455 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Unilever by 11.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,298,881 shares of the company’s stock worth $76,686,000 after buying an additional 137,758 shares during the period. 8.67% of the stock is owned by institutional investors.
Unilever 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.
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