12 Best Household Stocks to Buy According to Hedge Funds

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8. Unilever PLC (NYSE:UL)

Number of Hedge Fund Holders: 31

Unilever PLC (NYSE:UL) is a fast-moving consumer goods (FMCG) company that operates through five segments: Personal Care, Nutrition, Beauty and Well-Being, Home Care, and Ice Cream. Unilever PLC (NYSE:UL) offers over 400 brands worldwide. Its Beauty & Well-being segment includes skin care, hair care, and prestige beauty, while the Personal Care segment includes oral care products, deodorant, and skin cleansing. The Home Care segment manages fabric care and cleaning products, making it one of the best household stocks to buy according to hedge funds.

The company’s EPS slightly exceeded analyst consensus expectations of £2.965 in fiscal Q4 2024, reaching £2.98, primarily due to solid operational efficiency. However, revenue for the quarter reached £14.2 billion, missing the anticipated £15 billion. The revenue miss was primarily due to currency exchange headwinds and certain market challenges. Despite that, Unilever PLC (NYSE:UL) reported significant growth across its core brands, with its Power Brands collectively posting a 5.3% increase in underlying sales. The Beauty & Well-being segment underwent a 6.5% growth, while the Personal Care segment attained a 5.2% increase. This growth was attributed to a robust performance by brands such as Sunsilk and Vaseline in Beauty & Well-being and deodorant line innovations in Personal Care.

Thus, the company has a strong brand portfolio with high-profile names, which lends it a competitive market advantage and is critical to its long-term success. In a report released on March 18, Celine Pannuti CFA from J.P. Morgan maintained a Buy rating on the company with a price target of £54.00.

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