Unilever NV (NYSE:UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to 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 analysts have also weighed in on the company. Jefferies Group LLC upgraded Unilever NV from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. J P Morgan Chase & Co downgraded shares of Unilever NV from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 6th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Unilever NV presently has a consensus rating of “Hold” and an average target price of $51.00.
Shares of Unilever NV (NYSE:UN) opened at 41.28 on Wednesday. Unilever NV has a 1-year low of $38.41 and a 1-year high of $48.00. The stock has a market capitalization of $117.22 billion, a P/E ratio of 21.28 and a beta of 0.85. The stock has a 50 day moving average of $41.13 and a 200-day moving average of $42.85.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Friday, February 10th will be issued a $0.292 dividend. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $1.17 annualized dividend and a yield of 2.83%.
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Several large investors have recently bought and sold shares of UN. Trillium Asset Management LLC raised its position in Unilever NV by 2.2% in the third quarter. Trillium Asset Management LLC now owns 440,951 shares of the company’s stock valued at $20,328,000 after buying an additional 9,693 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Unilever NV by 3.4% in the third quarter. Moors & Cabot Inc. now owns 6,867 shares of the company’s stock worth $316,000 after buying an additional 225 shares during the last quarter. BlackRock Investment Management LLC raised its stake in shares of Unilever NV by 19.3% in the third quarter. BlackRock Investment Management LLC now owns 3,044,434 shares of the company’s stock worth $140,348,000 after buying an additional 493,424 shares during the last quarter. US Bancorp DE raised its stake in shares of Unilever NV by 35.7% in the third quarter. US Bancorp DE now owns 131,978 shares of the company’s stock worth $6,085,000 after buying an additional 34,738 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Unilever NV by 13.7% in the third quarter. Bank of New York Mellon Corp now owns 923,918 shares of the company’s stock worth $42,592,000 after buying an additional 111,509 shares during the last quarter. Institutional investors and hedge funds own 6.47% 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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