Unilever (ULVR)

Sector:

Food

Index:

FTSE 100

3,516.50p
   
  • Change Today:
      65.00p
  • 52 Week High: 4,360.00
  • 52 Week Low: 3,328.00
  • Currency: UK Pounds
  • Shares Issued: 2,554.17m
  • Volume: 4,534,763
  • Market Cap: £89,817m
  • RiskGrade: 121

Trian Partners builds stake in Unilever - report

By Abigail Townsend

Date: Monday 24 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Activist hedge fund Trian Partners is understood to have built up a stake in Unilever, it was reported on Monday, pushing shares in the under-pressure blue chip higher.
Neither the US fund, which was co-founded by Nelson Peltz, nor Unilever have commented. But the Financial Times, which first reported the move, said people with direct knowledge of the matter had confirmed that Trian had taken a position in the consumer goods giant.

The size of the stake is unknown. But any stake-building will ramp up the pressure on Unilever, which last week finally conceded defeat in its £50bn attempt to acquire GSK Consumer Healthcare.

The proposed GSK deal unnerved a number of investors, who have raised questions about chief executive Alan Jope's plans to move away from lower-margin goods to focus on health, beauty and hygiene.

The stock fell sharply as a result and it is now down 2% so far this year. However, investors looked to welcome the potential involvement of Trian and by 1130 GMT shares in the firm - the owner of myriad brands from Dove and Domestos to Hellman's and Knorr - were ahead 6% at 3,894.25p.

Trian, which was founded in 2005 by Peltz, Ed Garden and Peter May, has built up a reputation for forcing through change at the companies it holds stakes in.

In 2018 it took a stake worth around $3bn in fellow consumer goods company Proctor & Gamble. Peltz went on to take a seat on the board and push through a series of changes, including simplifying its corporate structure. He stepped down last year.

Victoria Scholar, head of investment at Interactive Investor, said: "Unilever has jumped to the top of the FTSE 100, bucking wider negativity and recouping most of last week's heavy declines.

"Since the peak in August 2019, shares in Unilever have shed more than 25%, sparking shareholder hostility. The hope is that the intervention from Peltz's group will help turnaround the face of Unilever, which has been grappling with declining sales and investor enthusiasm. His group has had success with P&G and Mondelez in the past. It looks as though the deal with GSK is dead in the water, while Jope is at serious risk of being replaced."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Unilever Market Data

Currency UK Pounds
Share Price 3,516.50p
Change Today 65.00p
% Change 1.88 %
52 Week High 4,360.00
52 Week Low 3,328.00
Volume 4,534,763
Shares Issued 2,554.17m
Market Cap £89,817m
RiskGrade 121

Unilever Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.05% below the market average76.05% below the market average76.05% below the market average76.05% below the market average76.05% below the market average
72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average
Price Trend
36.95% below the market average36.95% below the market average36.95% below the market average36.95% below the market average36.95% below the market average
37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average37.93% below the sector average
Income
48.42% above the market average48.42% above the market average48.42% above the market average48.42% above the market average48.42% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Growth
48.05% below the market average48.05% below the market average48.05% below the market average48.05% below the market average48.05% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 13
Sell 0
Strong Sell 2
Total 26
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Unilever Dividends

  Latest Previous
  Q1 Q4
Ex-Div 19-May-22 24-Feb-22
Paid 16-Jun-22 22-Mar-22
Amount 35.90p 36.02p

Trades for 20-May-2022

Time Volume / Share Price
17:07 269 @ 3,519.12p
16:45 8,805 @ 3,509.00p
16:45 8,805 @ 3,509.00p
16:35 1,706,992 @ 3,516.50p
16:29 100 @ 3,509.00p

Unilever Key Personnel

Chair Nils Smedegaard Andersen
CFO Graeme Pitkethly
CEO Alan Jope

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