Kepler Capital Sticks to Its Hold Rating for Unilever (ULVR)

Kepler Capital analyst Karel Zoete maintained a Hold rating on Unilever on March 19 and set a price target of p5,900.00. The company’s shares closed yesterday at p4,574.00.

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Zoete covers the Consumer Defensive sector, focusing on stocks such as Unilever, Ontex Group N.V., and Sligro Food Group NV. According to TipRanks, Zoete has an average return of -1.4% and a 48.39% success rate on recommended stocks.

In addition to Kepler Capital , Unilever also received a Hold from TipRanks – Anthropic’s Anthropic Consumer Defensive GB in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Unilever (LSE: ULVR).

Based on Unilever’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p20.35 billion and a net profit of p2.58 billion. In comparison, last year the company earned a revenue of p29.64 billion and had a net profit of p2.04 billion

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULVR in relation to earlier this year.