Zacks Investment Research downgraded shares of Unilever (NYSE:UN) from a hold rating to a sell rating in a research report report published 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. reissued a neutral rating on shares of Unilever in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $66.00.
Several hedge funds have recently modified their holdings of the company. First Trust Advisors LP purchased a new position in shares of Unilever during the 2nd quarter valued at $1,503,000. Principal Financial Group Inc. purchased a new position in shares of Unilever during the 2nd quarter valued at $727,000. State of Tennessee Treasury Department purchased a new position in shares of Unilever during the 2nd quarter valued at $2,391,000. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Unilever by 7.8% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,355 shares of the company’s stock valued at $295,000 after buying an additional 386 shares in the last quarter. Finally, King Luther Capital Management Corp purchased a new position in shares of Unilever during the 2nd quarter valued at $2,824,000. 8.67% of the stock is owned by hedge funds and other institutional investors.
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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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