Unilever (NYSE:UL) Rating Lowered to Sell at Societe Generale

Unilever (NYSE:ULGet Rating) was downgraded by equities research analysts at Societe Generale from a “buy” rating to a “sell” rating in a research report issued on Monday, Marketbeat.com reports.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. Sanford C. Bernstein raised Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, March 14th. Royal Bank of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 15th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, The Goldman Sachs Group initiated coverage on Unilever in a research note on Friday, February 25th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.51.

Shares of Unilever stock traded down $0.49 on Monday, hitting $45.68. The stock had a trading volume of 206,053 shares, compared to its average volume of 4,664,042. Unilever has a 52-week low of $43.11 and a 52-week high of $61.81. The company’s 50 day moving average price is $45.28 and its 200 day moving average price is $49.64.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UL. Wellington Management Group LLP grew its holdings in shares of Unilever by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 17,225,391 shares of the company’s stock worth $784,961,000 after acquiring an additional 2,378,067 shares during the period. GQG Partners LLC acquired a new stake in shares of Unilever in the 4th quarter worth approximately $391,267,000. Pendal Group Ltd grew its holdings in shares of Unilever by 29,662.4% in the 4th quarter. Pendal Group Ltd now owns 5,689,084 shares of the company’s stock worth $303,662,000 after acquiring an additional 5,669,969 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Unilever by 24.3% in the 1st quarter. Fisher Asset Management LLC now owns 4,922,757 shares of the company’s stock worth $224,330,000 after acquiring an additional 962,570 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Unilever by 5.2% in the 1st quarter. American Century Companies Inc. now owns 4,828,818 shares of the company’s stock worth $220,049,000 after acquiring an additional 239,905 shares during the period. Institutional investors own 16.81% of the company’s stock.

About Unilever (Get Rating)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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