|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||51.17 - 51.17|
|52-week range||41.90 - 56.76|
|Beta (5Y monthly)||0.14|
|PE ratio (TTM)||16.04|
|Forward dividend & yield||1.82 (3.57%)|
|Ex-dividend date||18 May 2023|
|1y target est||N/A|
A look at the stocks making headlines on Tuesday.
Here is how McCormick (MKC) and Unilever PLC (UL) have performed compared to their sector so far this year.
The latest investor updates on stocks that are trending on Thursday.
Despite some signs inflationary pressures are easing, Unilever warned on Thursday of big increases in the prices of dairy, soybean oil, cocoa and sugar in the first half of this year - potentially bad news for fans of its Ben & Jerry's Half Baked ice cream. Unilever, which is passing on about three-quarters of its expenses to consumers, said its profit margins had fallen more than two percentage points as it battles cost inflation that started with the COVID pandemic and worsened due to Russia's invasion of Ukraine and extreme weather. "It's principally around the costs of labour, logistics and energy and what our suppliers see in their own production bases," finance chief Graeme Pitkethly said.
Unilever's store ice cream brands, which include Ben & Jerry's and Magnum, are losing market share to supermarket own-brands as consumers seek cheaper alternatives after big price hikes for some of the world's top-selling labels. The British company, which sells Cornettos cones and Talenti tubs, on Thursday reported a 0.2% dip in overall quarterly sales volumes, but a more than 4% decline in ice cream volumes. Its ice cream prices rose 10.5% in the quarter, driving turnover of 1.7 billion euros ($1.9 billion).
LONDON (Reuters) -Unilever smashed quarterly sales forecasts on Thursday as another big rise in prices from the maker of Dove soap and Ben & Jerry's ice cream triggered only a small dip in volumes, sending its shares up nearly 2% in early trade. The 10.7% increase in prices was, however, lower than in recent quarters, adding to signs inflationary pressures might be easing as input costs declined. Packaged goods companies have been hiking prices as they grapple with a surge in costs of everything from sunflower oil and shipping to packaging and grain.
Unilever (NYSE: UL) is one of the largest consumer goods producers in the world, competing with the likes of Procter & Gamble and Nestlé. Investors have rewarded it over the past year amid rapid price hikes. Unilever, which owns iconic brands like Dove, Hellmann's, and Ben & Jerry's, has gone through major changes in recent years.
In March 2023, U.S. retail sales experienced a 1% sequential decline, better than market expectations of a 0.4% decrease.
Magnum has cut the number of ice creams sold in its multipacks despite the price staying the same for shoppers.
We often talk about movers, how companies are performing in the stock market, but we don’t always know what these companies do. And more importantly, what do investors need to know? We go behind the ticker: Zscaler (ZS) is a fast growing competitor in the cyber security and enterprise space, with a market cap of about $17 billion. According to its website, “Zscaler anticipates, secures, and simplifies the experience of doing business for the world's most established companies.” So what is it? Who’s using Zscaler’s software and services? Well, the company protects consumer data for Charles Schwab (SCHW), it created work-from-home platforms for government entities like the City of Los Angeles, and built e-commerce infrastructure for giant consumer goods manufacturer, Unilever (UL). As Zscaler CEO, Jay Chaudhry explained to Yahoo Finance, "The world has to move to adapt new technologies, like Zero Trust. That's the real answer. Many companies are making progress, and many are behind." Headquartered in San Jose, California, Zscaler operates in 185 countries around the world, with a workforce of more than 2500 employees. It trades under the ticker symbol (ZS), with shares up 270% since its first day of trading in 2018. Zscaler’s flagship product is the ‘Zero Trust Exchange,' a cloud platform that’s distributed across more than 150 data centers around the world. "The way Zscaler was designed, it was assumed that the user could be working from anywhere and applications could be in data center, in factory. It's all in the cloud, so it doesn't matter because in the Zero Trust architecture, we don't put users on the network. We connect them like a switchboard," says Chaudhry. Like many pandemic darlings, like Cisco (CSCO), Okta (OKTA) and Cloudlfare (NET), the shares peaked in 2021 and have fallen more than 40% over the last year. Despite a poor performance in the stock market, Zscaler’s revenue has grown steadily since the pandemic due to the rise of hybrid work and a widespread transition to the cloud.
Indian consumer goods conglomerate Hindustan Unilever Ltd named Rohit Jawa as its managing director and chief executive officer on Friday, succeeding Sanjiv Mehta, who is retiring after spending nearly 10 years at the company's helm. Jawa, currently chief of transformation for Unilever, will take charge as MD and CEO from June 27, Unilever's Indian unit said in an exchange filing. The 56-year-old, who joined Hindustan Unilever as a management trainee in 1988, takes over the maker of Dove soaps and Sunsilk shampoos at a time when consumer companies are facing inflationary challenges that have hurt their margins.
Procter & Gamble revamped its business with the help of activist investor Nelson Peltz, who's now on Unilever's board.
Ice creams could be loaded with starch to stop them melting at higher temperatures as the push to net zero forces companies to turn up the temperature in their freezers.
If you have a couple of grand or more, you might want to put that money to work in Hormel and Unilever today.
Clorox has taken an aggressive position on pricing. The consumer response will determine if the company, and industry, is pushing too hard.
Three key brands are telling investors a great deal about consumer spending with sales continuing to grow.
The outgoing boss of Unilever has insisted it will continue to focus on "social purpose", even as he refused to immediately stop selling products in Russia.
Consumer goods group says it faces higher costs and denies it is making ‘windfall profits’
Unilever said on Thursday "there is a risk" that it may have to stop doing business in Russia, and that it might have to take a loss or write down its assets there. The company, which employs over 3,000 people in Russia, in March became the first major European food company to stop imports and exports out of Russia after the country's invasion of Ukraine. The maker of Dove soap and Knorr soup said at the time it would not invest further in Russia and would also stop all media and advertising spending there, adding that its Ukrainian operations had also stopped.
Unilever said on Thursday it expects a "consumption boom" in China as lockdowns ease, flagging $1.5-$2 trillion in "excess household savings" it believes could boost its sales in the country and in Southeast Asia. In January, China's cabinet said it would boost imports and promote a consumption recovery to boost the economy. As Chinese consumers have limited options where they can invest their savings, with the housing market not a viable option, Unilever Chief Executive Alan Jope said: "We are expecting to see a little bit of a consumption boom in China."
By Geoffrey Smith
Unilever Plc will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over the next three years, the company said on Tuesday. The plant, which will be located in Salinas Victoria on the outskirts of Monterrey, will manufacture beauty and personal care products, Unilever said. Unilever already operates four plants in the country, which is a key center for exports to other nations, the company said.
Unilever has suspended sales of Hellmann's mayonnaise to South Africa, the company and major retailers confirmed on Wednesday, due to the high cost of importing the product from the United States. "Due to high inflationary import costs, we will regretfully be discontinuing Hellmann’s in South Africa until further notice," Hellmann’s South Africa business tweeted on Tuesday. A Unilever spokesperson told Reuters the pause was due to high raw material and shipping costs.