Market's view on Unilever
Published on April 2024
- RBC has raised the price target for Unilever from 4300 pence to 4400 pence.
- Some stock watchers are disappointed with the unchanged quarterly dividend despite a 4.4% Q1 profit, highlighting Unilever’s lower yield compared to competitors.
- Discussions include concerns over the slowdown in Hindustan Unilever (HUL) impacting Unilever’s share price.
- There is mention of Unilever’s ice cream division potentially locating its base in Amsterdam over London, indicating strategic decisions in geographic operations.
- Concerns are aired about possible sales of significant Unilever food brands, including speculation about Marmite being sold.
- A positive note from Hein Schumacher, CEO of Unilever, introduces the successful expansion of the Liquid I.V. brand into the UK and Australia, highlighting its growth and connection with pop culture events.