Unilever NV (NYSE:UN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “

Several other equities research analysts also recently commented on UN. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. UBS AG reaffirmed a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. BidaskClub raised shares of Unilever NV from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Royal Bank Of Canada downgraded shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Unilever NV currently has a consensus rating of “Hold” and an average price target of $66.00.

Unilever NV (NYSE:UN) opened at 59.20 on Friday. The company has a market capitalization of $166.50 billion, a price-to-earnings ratio of 24.27 and a beta of 0.89. The stock has a 50 day moving average of $59.38 and a 200 day moving average of $55.83. Unilever NV has a 12 month low of $38.41 and a 12 month high of $60.90.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. purchased a new stake in Unilever NV during the second quarter valued at about $127,000. Proficio Capital Partners LLC lifted its holdings in Unilever NV by 503.0% during the first quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock valued at $148,000 after purchasing an additional 2,208 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Unilever NV by 10.9% during the first quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock valued at $133,000 after purchasing an additional 264 shares during the last quarter. Bollard Group LLC lifted its holdings in Unilever NV by 16.2% during the second quarter. Bollard Group LLC now owns 3,485 shares of the company’s stock valued at $193,000 after purchasing an additional 487 shares during the last quarter. Finally, Bath Savings Trust Co purchased a new stake in Unilever NV during the third quarter valued at about $207,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Unilever NV Company Profile

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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Analyst Recommendations for Unilever NV (NYSE:UN)

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