Those trends include significantly increased coverage since the lows of 2023, firming sentiment with MarketBeat's reported consensus up to Moderate Buy from Reduce compared to last year, and a rising price target.
Ice cream maker Ben & Jerry's said late on Friday that billionaire activist investor Nelson Peltz, who is on its parent company Unilever's board, has increased his influence over the consumer goods conglomerate, including on political issues.
Unilever PLC (LSE:ULVR) reported better sales growth in the first quarter than City analysts expected and kept its full-year outlook unchanged. The FTSE 100 consumer goods giant said its plan to spin off its ice cream unit – which it revealed will be called The Magnum Ice Cream Company – remained on track to be completed by the end of the year.
Consumer-brands giant Unilever said it is on track to meet its goals for the year after first-quarter sales were boosted by its key brands, and despite a hit to turnover from net disposals and currency effects.
Unilever PLC (LSE:ULVR), maker of store cupboard staples such as Marmite and Lipton's Tea, reports its first-quarter results on Thursday (24 April), and after a rocky start to the year, Barclays thinks even modest growth could help calm investor concerns. The consumer goods group signalled back in February that it would begin slowly, and was promptly punished by the market.
The company has demanded Ben & Jerry's Foundation submit to an expedited audit of its donations to continue receiving funding, according to a report.
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