Unilever PLC Sponsored ADR Stock News

Nelson Peltz's Trian Fund Management has sold about 3.8 million shares in British consumer goods giant Unilever for nearly 181 million pounds ($232 million), a filing showed on Wednesday.

Despite a noticeable rebound in Unilever PLC (LSE:ULVR)'s gross margins and an operating margin boost in the first half of 2024, investment bank Jefferies remains sceptical about the sustainability of these improvements. Analysts raised concerns about Unilever's future sales growth and free cash flow in a Tuesday broker note.

Unilever's new CEO has positively impacted the company, with a 20% share price increase and a return to positive volume growth. The company is separating its ice cream division valued at around $20B and plans to cut 1/3rd of office workers in the EU. We expect continued shareholder returns for Unilever in FY2024 and beyond due to improved growth and profitability prospects.

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Unilever delivered solid top-line growth and margin expansion. Its ice cream spinoff plan is progressing.

Unilever (UL) American depositary receipts (ADRs) jumped 6% Thursday as the consumer-goods giant posted an earnings beat, showing it is weathering the inflation pain hitting consumers better than rival Nestle.

Unilever PLC (NYSE:UL ) Q2 2024 Earnings Conference Call July 25, 2024 3:00 AM ET Company Participants Hein Schumacher - CEO & Director Fernando Fernandez - CFO & Director Gemma S. - Global Head of Media Relations Conference Call Participants Celine Pannuti - JPMorgan Chase & Co. Jean-Olivier Nicolai - Goldman Sachs Group James Edward Jones - RBC Thomas Sykes - Deutsche Bank Jeffrey Stent - BNP...