Streetbeat News

Unilever PLC

https://www.unilever.com

Industry

Household & Personal Products

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. The Home Care segment provides fabric solutions and various cleaning products. The company offers its products under the Domestos, OMO, Seventh Generation, Ben & Jerry's, Knorr, Magnum, Wall's, Bango, the Vegetarian Butcher, Axe, Cif, Comfort, Dove, Lifebuoy, Lux, Rexona, Sunsilk, Equilibra, OLLY, Liquid I.V., SmartyPants, Onnit, Hellmann's, and Vaseline brands. Unilever PLC was incorporated in 1894 and is headquartered in London, the United Kingdom.

Open

57.09

Mkt cap

142B

Volume

2.1M

High

57.57

P/E Ratio

20.65

52-wk high

65.87

Low

56.87

Div yield

0.04

52-wk low

46.46

Accenture and Unilever have expanded their partnership to enhance digital operations using generative AI. This multi-year program aims to set a new industry benchmark for productivity. Unilever will leverage Accenture's GenWizard platform to scale AI applications, which have already shown significant cost savings and efficiency gains. Both companies have seen stock gains over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 10:19 am

Unilever and Accenture have announced a multi-year partnership to enhance productivity using Accenture's GenWizard platform, which is powered by generative AI. This collaboration aims to accelerate Unilever's technology and digital product development.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:43 am

Unilever is reportedly working with advisers to sell its Kate Somerville skincare brand, which it acquired in 2015. This move is part of Unilever's strategy to streamline its skincare portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2024 | 4:57 pm

Kamala Harris's proposal to ban price-gouging on groceries has sparked debate, drawing comparisons to past price control measures by FDR and Nixon. The proposal could impact sectors with dominant players, such as soda production, tire manufacturing, wireless communications, and retail. Recent stock movements in these sectors show mixed reactions.

Portfolio Pulse from Michael Juliano

August 23, 2024 | 8:04 pm

B of A Securities has upgraded Unilever (NYSE:UL) from Underperform to Buy, raising the price target from $47 to $72.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:18 am

Alimentation Couche-Tard Inc. has proposed a $31 billion buyout of Seven & I Holdings Co, the Japanese owner of 7-Eleven. This acquisition could shift 7-Eleven's ownership from Japan to Canada, making Alimentation Couche-Tard the world's leading convenience store operator. The deal could face regulatory scrutiny due to its scale.

Portfolio Pulse from Chris Katje

August 21, 2024 | 2:48 pm

Unilever U.S. is recalling approximately 137,000 cases of Popsicle Jolly Rancher frozen confection products due to the presence of unlabeled milk. This recall affects only products marked for individual sale.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:31 pm

The Bank of England (BoE) reduced its key interest rate by 25 basis points to 5%, marking the first cut in over four years. The decision was divided among the Monetary Policy Committee members. The BoE expects inflation to rise to 2.75% later this year but fall below target in the next two years. The British pound fell 0.5% against the dollar, while UK equities remained flat. US-listed British companies showed mixed premarket performances.

Portfolio Pulse from Piero Cingari

August 01, 2024 | 12:35 pm

U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising over 1%. IBM led the charge with a 6.4% increase following strong quarterly earnings. Other notable gainers included Viking Therapeutics, AST SpaceMobile, Bally’s Corporation, and ServiceNow, among others.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 4:59 pm

Unilever plc (NYSE:UL) reported strong first-half financial results, with adjusted EPS rising to 1.67 euros and sales increasing to 31.12 billion euros. The company saw significant growth in its Beauty & Wellbeing and Personal Care segments. Unilever's underlying operating profit rose by 17.1%, and the company continues to focus on high-quality sales growth and gross margin expansion. The stock is up 6.3% following the announcement.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 1:59 pm

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