#4 - Unilever (NYSE:UL)
Another definition of consumer staples stocks is that they are defensive stocks. And Unilever Plc (NYSE: UL) fits this description well. Unilever is the company behind such popular brand names as Axe, Dove, and even Ben & Jerry’s.
The stock is up about 15% in the 12 months ending in March 2023. That's an improvement over the decline of about 10% that the stock has delivered over the last five years. But as of this writing, UL stock is basically where it was when the pandemic began. And that’s been a little disappointing for investors.
One reason for this may be that the stock only has about 10% institutional ownership. That means the retail investor is doing the heavy lifting. But Unilever has an attractive profit margin and is projected to deliver decent growth over the next five years. Plus, with a P/E ratio of just 15x, the stock is not only cheap compared to its sector, but to the broader market as well.
About Unilever
Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.
Read More - Current Price
- $57.16
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $61.75 (8.0% Upside)
