Unilever (NYSE:UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research 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. “
Separately, JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.00.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Spears Abacus Advisors LLC bought a new stake in Unilever in the 2nd quarter valued at $202,000. Bath Savings Trust Co bought a new stake in shares of Unilever in the 3rd quarter worth about $207,000. Cetera Advisors LLC bought a new stake in shares of Unilever in the 3rd quarter worth about $226,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Unilever by 1.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,149 shares of the company’s stock worth $229,000 after buying an additional 70 shares during the last quarter. Finally, Strategic Advisors LLC bought a new stake in shares of Unilever in the 2nd quarter worth about $251,000. Institutional investors own 8.67% of the company’s stock.
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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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