Unilever (NYSE:UN) Upgraded at Zacks Investment Research
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. “
Other analysts also recently issued research reports about the stock. Morgan Stanley downgraded shares of Unilever from an in-line rating to an underweight rating in a report on Wednesday, September 18th. Goldman Sachs Group upgraded shares of Unilever from a neutral rating to a buy rating in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $68.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Perennial Advisors LLC increased its stake in shares of Unilever by 0.7% in the second quarter. Perennial Advisors LLC now owns 26,699 shares of the company’s stock worth $1,621,000 after purchasing an additional 175 shares in the last quarter. GWM Advisors LLC increased its stake in shares of Unilever by 5.2% in the second quarter. GWM Advisors LLC now owns 3,698 shares of the company’s stock worth $225,000 after purchasing an additional 183 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Unilever by 1.9% in the second quarter. Sunbelt Securities Inc. now owns 10,111 shares of the company’s stock worth $614,000 after purchasing an additional 186 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in shares of Unilever by 1.0% in the second quarter. Benedict Financial Advisors Inc. now owns 20,390 shares of the company’s stock worth $1,238,000 after purchasing an additional 211 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Unilever by 35.6% in the second quarter. Rehmann Capital Advisory Group now owns 834 shares of the company’s stock worth $51,000 after purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 7.71% of the company’s stock.
Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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