dglobalnews.com Unilever to conduct review of strategic options
Published: Thu, February 23, 2017
Markets | By Armando Jensen

Unilever to conduct review of strategic options

Unilever to conduct review of strategic options

The reported earnings per share topped the analyst's consensus by $0.05 with the percentage difference between estimated and actual earnings arriving at 6.20%.

However, over the weekend Kraft said it had "amicably agreed" to abandon the proposed merger, which would have been the second largest in corporate history, and the largest ever acquisition of a UK-based company.

The Kraft Heinz Company (NASDAQ:KHC) plummeted -1.84 percent and ended the day at $94.87. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.60 per share.

The mean revenue estimate for the current fiscal period ending June 2015 is $4.7B by 10 brokerage firms. The company earned $6.86 billion during the quarter, compared to analysts' expectations of $6.73 billion. They presently have a $90.02 price objective on the stock.

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KHC is ahead its 52-week low with 35.86%and going down from its 52-week high price with -2.97%.

In fact, Colgate-Palmolive's stock surged Friday morning on news about a potential Kraft Heinz and Unilever deal. The stock now has a Market Cap of $115.46B. The stock has 52-week high of $97.77 and 52-week low of $71.83. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $96.00 target price (down from $99.00) on shares of The Kraft Heinz Company in a report on Monday, November 7th. The stock traded at a volume of 14.51 million shares. The stock is up 2.09% in this year through last close, and the beta ratio has a value of 0.61.

The relative strength index or RSI highlights overbought (above 70) and oversold (below 30) areas. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

British American Tobacco p.l.c. (NYSEMKT:BTI) jumped 13.34 percent over the past one year, while it rose 11.23 percent year to date (YTD). The firm past twelve months price to sales ratio was 1.60 and price to cash ratio remained 3.28. The stock was trading on above-average volume. The stock is now trading 7.35 percent higher from its SMA-50. The stock has a Return on Assets of 2.8 percent, Return on Investment of 5.3 percent and a Return on Equity of 6 percent. Bollard Group LLC increased its position in shares of The Kraft Heinz Company by 815.4% in the third quarter. The high end of the revenue guidance is $20.69 Billion and the low end is $20.69 Billion.

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