Not all analysts are bullish about prospects for Unilever PLC (LSE:ULVR) after it demerged its ice cream arm, with UBS keeping its 'sell' rating as it predicts difficulty for the shares. While other analysts rushed to hail an exciting new era for the Hellmanns-to-Domestos maker, the Swiss bank trimmed its 12-month price target to 4,440p from 4,635p, citing subdued market growth and earnings dilution from the demerger of its tea, coffee and ice cream businesses, The Magnum Ice Cream Company, which was completed last weekend.
Unilever PLC (LSE:ULVR) is entering what analysts at Barclays and JPMorgan believe is a game-changing period after scooping out its ice cream arm. "We believe 2026 will be Unilever's inflection point," said Barclays, predicting a year when the Marmite, Hellmann's, Comfort and Domestos maker will "prove its volume muscle".
A former Unilever executive whose consumer insight platform is used by nearly a dozen of the world's largest packaged goods companies has raised millions of pounds to fund its expansion.
Unilever PLC (LSE:ULVR) shares showed a jump of nearly 13% in early trading on Tuesday, after the consumer goods giant completed a share consolidation following the demerger of its ice cream arm, The Magnum Ice Cream Company. The share consolidation was carried out at a ratio of eight new shares for every nine existing shares, with admission of the new shares taking place at the start of trading on Tuesday.
Unilever's ice cream spinoff has become the world's largest standalone ice cream business after debuting on the Amsterdam stock market. The consumer goods giant first announced plans to spin off its ice cream unit, which includes Ben & Jerry's and Magnum, in March last year.
Unilever PLC (LSE:ULVR) said it will complete the demerger of its ice-cream arm, now renamed The Magnum Ice Cream Company (TMICC), on Saturday 6 December, with the new business set to begin trading on Monday 8 December in Amsterdam, London and New York. The update follows the publication of TMICC's prospectus for its listings on Euronext Amsterdam and the London Stock Exchange, and confirmation that its US registration statement has become effective ahead of a New York Stock Exchange debut.
An audit of the Ben & Jerry's Foundation, a U.S.-based non-profit solely funded by the brand, found that it had deficiencies in financial controls and governance, according to Magnum, the Unilever unit set to be spun off next week that will own the ice-cream maker.
UBS is not buying the excitement around Unilever PLC's (LSE:ULVR) soon-to-list ice cream business, The Magnum Ice Cream Company (TMICC). The bank has a sell rating on the stock ahead of its debut on Monday, December 8, with a 12-month price target of 4,120p against a quoted price of 4,552p.
Unilever is considering selling a group of British food brands, including Marmite, Colman's and Bovril, three people with knowledge of the matter said, as the consumer goods group looks
Ice cream first, arithmetic later. UBS thinks the forthcoming spin-off of The Magnum Ice Cream Company (TMICC) leaves Unilever PLC (LSE:ULVR) with more moving parts than the market appreciates — and not much near-term help to earnings.
Unilever PLC's (LSE:ULVR) investors have had little to shout about in recent years, but Barclays reckons 2026 could finally mark a turning point. The bank believes the consumer goods giant is on course to combine steady growth with rising profitability, arguing that margins of around 20% need not be viewed as a ceiling.
The company will list on the Euronext Amsterdam, NYSE and London Stock Exchanges on Dec. 6, after finding a way to push forward despite the U.S. government shutdown.