Unilever PLC (UL) CEO Puts 1.7 Billion for Mergers and Acquisitions

We recently published 13 Best ADR Stocks to Invest In.  Unilever PLC (NYSE:UL) is one of the best ADR stocks.

Unilever PLC (NYSE:UL) is one of the biggest consumer goods companies in the world. The start of the year has been quite busy for the firm as it completes its divestment of the ice cream brand Magnum and its CEO announces an allocation of €1.5 billion for mergers and acquisitions. On December 9th, Unilever PLC (NYSE:UL) CEO Fernando Fernandez explained that the firm will focus on the US through this mergers strategy, according to a Reuters report. On December 6th, the firm had completed its Magnum demerger, with Magnum’s shares now listed in Amsterdam.

Unilever PLC (NYSE:UL)’s fiscal third quarter earnings results saw the firm report an underlying sales growth of 3.9% and and a 1.5% volume growth. For the full year 2025, the firm expects to grow its underlying sales by 3% to 5%. The quarter was a good one for Unilever PLC (NYSE:UL) when it came to the firm’s business in emerging markets. It saw growth in Indonesia and China, and overall, only the ice cream business’ performance remained worrisome. On November 5th, Jefferies raised its share price target for Unilever PLC (NYSE:UL) to 4,000 GBp from an earlier 3,800 GPp, The Fly reported. Keeping an Underperform rating on the shares, it remained slightly skeptical about a 2.5% volume growth.

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Disclosure: None. This article is originally published at Insider Monkey.