10 Best UK Stocks to Buy According to Billionaires

3. Unilever PLC (NYSE:UL)

Number of Billionaire Investors: 12

Value of Billionaire Holdings: $1.55 billion

A British multinational consumer goods giant, Unilever PLC (NYSE:UL) ranks 3rd on our list of the best UK stocks to buy. On March 28, Citi analysts assigned a Buy rating to the stock with a price target of £52. The analysts have marginally slashed their Q1 sales growth forecast to 2.5% because of soft consumer demand in developed end markets and slower pricing in Southeast Asia. However, Citi remains bullish on Unilever’s long-term potential, projecting a recovery in margins in the second half of the year and robust returns for shareholders by 2026-2027.

In 2024, Unilever PLC (NYSE:UL) recorded an underlying sales growth of 4.2%, driven by a 2.9% increase in volume and a 1.3% rise in prices. All business segments at Unilever contributed to this positive momentum, and the 30 Power Brands, which account for more than 75% of total turnover, exhibited sales growth of 5.3% for the year. Free cash flow came in at €6.9 billion, slightly below €7.1 billion from last year, which had included a one-off tax refund. Net debt rose slightly to €24.5 billion, up by €900 million compared to 2023. UL also paid a $0.468 per share quarterly dividend on March 7.

According to Insider Monkey’s Q4 database, Unilever PLC (NYSE:UL) was found in 12 billionaire portfolios, with total stakes amounting to $1.55 billion. Billionaire Rajiv Jain’s GQG Partners holds a $368.3 million position in UL.