|Bid||4,000.00 x 0|
|Ask||4,000.50 x 0|
|Day's range||3,927.50 - 4,010.00|
|52-week range||3,267.50 - 4,154.00|
|Beta (5Y monthly)||0.13|
|PE ratio (TTM)||21.07|
|Earnings date||26 Jul 2022|
|Forward dividend & yield||1.44 (3.66%)|
|Ex-dividend date||17 Nov 2022|
|1y target est||50.83|
Activist investor Nelson Peltz is "supportive" of a plan by consumer goods maker Unilever to de-carbonize all five of its newly established business units, in an endorsement of its sustainability strategy, a Unilever executive told Reuters. Having the support of Peltz, who joined Unilever's board in July, will make it easier to press ahead with the strategy, analysts say. The investor, whose hedge fund Trian has built a roughly 1.5% stake, has a track record of building stakes in consumer-focused companies and influencing strategy.
Ben & Jerry's legal battle with Unilever sheds light on an issue affecting a growing number of purpose-led brands: how to maintain their identity after being bought by a major consumer company. Multinational consumer groups have raced to snap up socially conscious brands in recent years, seeking to tap into a surge in demand among customers for ethical products, usually sold at a premium. Under Chief Executive Alan Jope, Unilever has added to a portfolio of "purposeful" brands - from Paula's Choice skincare products that shun animal testing to sustainably-made supplements from SmartyPants and Nutrafol.
(Bloomberg) -- Ben & Jerry’s has “no power and no authority” to sue its own corporate parent in its efforts to avoid selling its ice cream in the Israeli-occupied West Bank, a lawyer for Unilever Plc told a judge in New York.Ben & Jerry’s claims in a suit that Unilever’s sale of its brand and trademark in Israel to a local company violated the 2000 agreement by which the consumer products giant acquired the Vermont ice cream maker. The deal provided for Ben & Jerry’s to maintain an independent b