UL - Unilever Is Down 15% From Its 3-Year High. Time to Buy?
2023-04-22 09:15:00 ET
Unilever (NYSE: UL) is one of the largest consumer goods producers in the world, competing with the likes of Procter & Gamble and Nestlé . The company has been making changes as it looks to focus on business growth. Investors have rewarded it over the past year amid rapid price hikes.
However, the stock remains down about 15% from its three-year highs. Are the shares appealing now at their current price?
Unilever, which owns iconic brands like Dove, Hellmann's, and Ben & Jerry's, has gone through major changes in recent years. That's included a CEO turnover (with another one on the way), a transition from a dual listing to a single listing in the U.K., the sale of slower-growing businesses (like teas), a renewed focus on supporting its largest and most important brands, and the acquisition of faster-growing, bolt-on nameplates (such as Liquid I.V.).
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Unilever Is Down 15% From Its 3-Year High. Time to Buy?