Wed, Nov. 30, 7:06 AM
- Unilever (UN, UL) says its sees core operating margin widening 40 to 80 bps through 2019.
- The company also tips off a plan to spend €1B to €3B on M&A.
- The spreads business is under review due to "challenging" conditions in the market.
- Unilever's financial strategy includes sustaining ROIC in the high teens and maintaining a healthy dividend.
- Unilever Investor Seminar update
Mon, Nov. 28, 7:04 AM
- Unilever (UN, UL) says a higher court in Brazil issued an adverse judgement in an indirect tax case in Brazil which originally went in its favor. A judicial deposit of €590M was made in connection to the case.
- The company plans to appeal the ruling to the Brazilian Supreme Court..
- UL -1.08% premarket to $39.43.
Thu, Oct. 13, 2:10 PM
- Unilever (UN, UL) and Tesco (OTCPK:TSCDF) confirm in separate statements that a dispute between the two companies has been settled.
- Earlier in the day, Tesco pulled Unilever products from its website due to a pricing increase.
- Previously: Unilever and Tesco in scrap over higher prices in U.K. (Oct. 13)
Thu, Oct. 13, 7:24 AM
- Unilever (UN, UL) says it was forced to push through prices increases in the U.K. due to the devaluation of the pound after the Brexit vote.
- "The price increases have landed with most of our customers," notes CFO Graeme Pitkethly.
- Unilever is in a bit of a scrap with Tesco (OTCPK:TSCDF, OTCPK:TSCDY) over the higher pricing, halting supplies to the grocery chain until the raised prices are posted.
- Unilever ADRs are down 2.30% premarket.
Thu, Oct. 13, 6:32 AM
Thu, Oct. 13, 6:19 AM
Thu, Oct. 13, 3:28 AM
- Tesco (OTCPK:TSCDY) is pulling dozens of Unilever (NYSE:UL) branded products off of its website following a dispute over costs.
- Unilever has reportedly been attempting to raise the price of a range of goods it charges Britain's big four grocers by around 10%, saying it needs to offset higher prices of imported commodities.
- Are the economic ramifications of Brexit moving from Parliament to the kitchen table?
Thu, Oct. 13, 3:13 AM
- Unilever (NYSE:UL) reported third-quarter sales growth that beat estimates thanks to increased demand for its Magnum and Ben & Jerry's ice creams in the U.S. and Europe during the summer months.
- The company also said it was on track for another year of volume growth ahead of markets, steady improvement in core operating margin and strong cash flow.
Mon, Sep. 19, 1:35 PM
- Unilever (UN, UL) announces it acquired Seventh Generation for an undisclosed amount.
- Seventh Generation is a seller of natural and eco-friendly products, including green baby items (diapers, wipres, skin care, laundry).
- "Adding Seventh Generation to Unilever’s portfolio of purpose-driven brands like Ben & Jerry’s and Dove demonstrates our continued commitment to the Unilever Sustainable Living Plan," says the company.
- Unilever press release
Thu, Aug. 11, 7:26 AM| Thu, Aug. 11, 7:26 AM | 6 Comments
Wed, Jul. 20, 8:48 AM
- Unilever (UL, UN) confirms it acquired Dollar Shave Club. The company didn't disclose the transaction price, but earlier reports pegged it at $1B which would make the deal the third largest buyout in the e-commerce space ever after Zulilly and Wayfair. The transaction is also an exclamation point on the disruption that Dollar Shave Club achieved in a consumer products category once considered nearly impenetrable.
- The innovative shaving club sends razors directly to members for as little as $1 per month. Dollar Shave Club is on track to top $200M in turnover this year and has 3.2M members.
- Earlier this week, news broke that Procter & Gamble (NYSE:PG) is increasing its testing of online subscriptions. It's a trend to watch for Colgate-Palmolive (NYSE:CL), Kimberly-Clark (NYSE:KMB), and Edgewell Personal Care (NYSE:EPC).
- Previously: Fortune: Unilever buys Dollar Shave Club for $1B (July 20)
Wed, Jul. 13, 11:35 AM
- It's steady as she goes again for the group of well-known consumer staples stocks that investors continue to find appealing amid global volatility and low interest rates.
- Procter & Gamble (PG +0.2%), Colgate-Palmolive (CL +0.4%), Clorox (CLX +0.6%), Kimbery-Clark (KMB +0.3%), Coca-Cola (KO +0.2%), PepsiCo (PEP +0.7%), Altria Group (MO +0.5%), Philip Morris International (PM +0.1%), Church & Dwight (CHD +0.3%), and Unilever (UN, UL) have all outperformed the S&P 500 Index this year with returns ranging from 7% to 18%. Kraft Heinz (KHC +1%), Energizer (ENR -0.6%), Hershey (HSY +0.4%), Campbell Soup (CPB +0.3%), and J.M. Smucker (SJM +0.4%) are all up at least 20% YTD.
- Goldman Sachs has an explanation on why a generous valuation is warranted for the staples favorites.
- "We raise our average Staples target multiples to 20-22X P/E, up from the 19-20X range prior, to reflect the recent decline in 10-year yield as well as some likelihood of a slower rise in yield over the next 12 months and broader market volatility," wrote the MNST)+(NYSE:STZ)+(NYSE:PF)/11822884.html" target="_blank">analyst team covering the sector in a note to investors.
- Top consumer staples picks from GS include Monster Beverage (MNST +0.4%), Constellation Brands (STZ +0.2%), Pinnacle Foods (PF +1.2%), and Post Holdings (POST +0.5%).
- Consumer staples ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Sun, Jul. 3, 2:50 PM
- via Barclays:
- "Although stocks in the U.S. and Europe have partially bounced back from the sharp selloff sparked by the U.K. referendum result, risks remain prevalent. [Analyst] Keith Parker foresees further equity downside alongside a prolonged market bottoming process, during which positioning is likely to turn much more defensive at active managers.
- "With this in mind, our stock screen this week highlights Overweight-rated stocks that screen defensively based on sector and equity beta but are also expected to generate superior ROE and free cash flows in FY1.
- "Our screen considers the following factors: i) Large-cap (US $5 billion+) stock in the consumer staples, utilities, telecom or healthcare sectors. ii) Adjusted beta less than 1.0. iii) Rated Overweight by Barclays equity research. iv) 15%+ ROE and 4.5%+ FCF yield expected in FY1, based on Barclays estimates."
- The stocks: Aetna (NYSE:AET), BT Group plc (NYSE:BT), Cardinal Health (NYSE:CAH), Coloplast (OTC:CLPBF, OTCPK:CLPBY), CVS (NYSE:CVS), Estee Lauder (NYSE:EL), Express Scripts (NASDAQ:ESRX), Glanbia (OTC:GLAPF, OTCPK:GLAPY), Grifols (NASDAQ:GRFS), Imperial Brands (OTCQX:IMBBY, OTCQX:ITYBF), Johnson & Johnson (NYSE:JNJ), Ahold (OTCQX:AHONY, OTCQX:AHODF, OTCQX:AHOND), LabCorp (NYSE:LH), Perrigo (NYSE:PRGO), Telus (NYSE:TU), Unilever (UL, UN), UnitedHealth Group (NYSE:UNH)
- See full table here.
Fri, Jun. 3, 9:56 AM
- Susquehanna sizes up the Ready-to-Drink tea market after Starbucks (NASDAQ:SBUX) partners up with Anheuser-Busch InBev (NYSE:BUD) to grow the Teavana and Tazo brands.
- On a broad scale, the U.S. RTD market was $5.1B last year and showed 3% growth.
- The main players are Unilever (UN, UL) via Lipton, Arizona Beverage (private), Coca-Cola (NYSE:KO) via Gold Peak, and Dr. Pepper Snapple (NYSE:DPS) via Snapple which as a group account for 70% of sales. Teavana and Tazo have almost no market share with most sales currently coming from Starbucks stores.
- The SBUX-BUD partnership will see Anheuser-Busch InBev produce the tea products at its U.S. breweries and distribute them to about 300K convenience stores and grocery chains in the U.S.
- Analyst Pablo Zuanic provided Seeking Alpha the data.
- Previously: Starbucks finds a tea partner in Anheuser-Busch InBev (June 2)
Sat, May 21, 12:49 PM
- Laslzo Birinyi still sees underlying strength in the stock market, despite the myriad of economic, technical, and political fears holding back investor enthusiasm.
- In particular, the well-known investor has his eyes on AutoZone (NYSE:AZO) and builder NVR (NYSE:NVR) as "special situations" stocks.
- Kraft Heinz (NASDAQ:KHC) also makes the list due to its lack of volatility amid a volatile market which could indicate upside down the road. On that point, a quick screen of other consumer goods stocks like Kraft that have weathered the uneven read on U.S. consumer spending and global demand over the last month may tip off some other value picks.
- Here's ten consumer good stocks with a low recent volatility measurement, below average forward P/E ratio, and +2% dividend yield: DEO, UN, UL, CAJ, RMCF, KO, PEP, BUD, PM, PG, TM.
- Related ETFs: IYK, UGE, SZK.
Mon, Apr. 25, 2:21 PM
- Unilever (UN, UL) sold €1.5B ($1.7B) in bonds at rock-bottom coupon rates.
- €500M in 8-year bonds were sold with a 0.7% coupon, while €700M of 12-year bonds were priced at 1.21%. The remaining €300M in four-year notes were almost at a zero-percent rate with only a token 0.08% coupon attached.
- The ECB recently opened up its stimulus program to corporate bond buying.
- Unilever is using the funds for general corporate purposes.
- Now read Unilever: Just Keep Doing What You're Doing After Strong Q1 2016 Results