Unileverの空売り状況は、投資家がUnileverの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Unilever (NYSE:UL) 株価情報, 空売り情報

Unilever

Unilever is a diversified personal-care (52% of 2022 sales by value), homecare (14%), and packaged food (34%) company. Its brands include Knorr soups and sauces, Hellmann's mayonnaise, Axe and Dove skin products, and the TRESemmé haircare brand. The firm has been acquisitive in recent years; notable purchases include Paula's Choice, Liquid I.V., Horlicks, Garancia, and The Vegetarian Butcher.

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News

'Unilever To Slim Down But Not Spin Off Food Business, Says Chief' - Financial Times

"Unilever has shelved plans to run a sales process for its €15bn ice-cream division to private equity groups and will instead focus on a push to spin-off the unit in an independent listing. The consumer goods group announced in March that it would split off its ice-cream business, and it attempted to drum up interest from buyout groups for the division, which includes brands such as Ben &amp; Jerry's, Magnum and Wall's. However, the division's large size and complicated supply chain were among factors that led private equity firms to cool their interest on a potential deal, according to people familiar with the matter. The people cautioned that a bidder could still emerge. "
<a href="https://www.ft.com/content/ceb989be-f7ef-4b52-8aab-b70f34e9db2a" title="https://www.ft.com/content/ceb989be-f7ef-4b52-8aab-b70f34e9db2a">https://www.ft.com/content/ceb989be-f7ef-4b52-8aab-b70f34e9db2a</a>

'Unilever shelves private equity plan for its ice-cream business' -Financial Times

Erste Group analyst Hans Engel downgrades Unilever (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) from Buy to Hold.

Downgrades

Analyst Ratings

Erste Group Downgrades Unilever to Hold

<a href="https://www.reuters.com/business/retail-consumer/unilever-nearly-halves-expected-european-job-cuts-switching-some-staff-ice-cream-2024-11-15/" title="https://www.reuters.com/business/retail-consumer/unilever-nearly-halves-expected-european-job-cuts-switching-some-staff-ice-cream-2024-11-15/">https://www.reuters.com/business/retail-consumer/unilever-nearly-halves-expected-european-job-cuts-switching-some-staff-ice-cream-2024-11-15/</a>

Reuters Reported Unilever Plans to Cut 1,700 European Jobs, 1,500 Fewer Than Expected; Hire 1,000 for Ice Cream Unit

Vermont-based ice cream manufacturer Ben &amp; Jerry&#8217;s, an independent subsidiary of Unilever plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>), has a long <a href="https://www.benzinga.com/markets/cannabis/24/04/38440644/ben-jerrys-wont-stop-fighting-until-theres-cannabis-legalization-and-justice-says-activism-lead">history of corporate activism</a>. Its latest round has brought it into conflict with its own parent company.
What Happened: On Wednesday, Ben &amp; Jerry&#8217;s filed a contract lawsuit against Unilever in the Southern District of New York. The federal lawsuit alleges that Unilever breached Ben &amp; Jerry&#8217;s autonomy over social justice activism, specifically its various statements in support of a cease-fire between the Israeli government and Hamas in <a href="https://www.benzinga.com/markets/asia/24/10/41405272/sinwar-death-marks-turning-point-in-gaza-war-netanyahu-says-its-the-beginning-of-the-end">the ongoing war</a>. Ben &amp; Jerry&#8217;s and Unilever hold agreements to allow the brand's independent board to make social justice activism decisions.
Unilever has not yet filed a response, but a spokesperson reacted to Ben &amp; Jerry&#8217;s lawsuit in an email to Benzinga.
&#8220;Our heart goes out to all victims of the tragic events in the Middle East,&#8221; the spokesperson said. &#8220;We reject the claims made by B&amp;J's social mission board, and we will defend our case very strongly. We would not comment further on this legal matter."
The Burlington-based company&#8217;s complaint alleges that Unilever &#8220;silenced&#8221; efforts to speak out in support of Palestine. Following Ben &amp; Jerry&#8217;s statement in 2023 in support of an Israel-Palestinian cease-fire, the London, England-based parent company allegedly threatened to dissolve its independent board and sue board members.
In addition, Unilever blocked Ben &amp; Jerry&#8217;s donations to Jewish Voice for Peace and the Council on American-Islamic Relations, two organizations in support of Palestinians, the ice cream brand alleges. 
Ben &amp; Jerry&#8217;s previously sued Unilever in 2022. The ice cream manufacturer had announced a <a href="https://www.benzinga.com/government/21/07/22048169/ben-jerrys-joins-bds-movement-to-boycott-west-bank-and-east-jerusalem">cessation of sales</a> in the occupied West Bank and East Jerusalem in protest of Israeli policy. Unilever subsequently sold Ben &amp; Jerry&#8217;s Israel license, something Ben &amp; Jerry&#8217;s said was done without permission.
Why It Matters: It is considered rare for a subsidiary to file a lawsuit against its own parent company.
<a href="https://www.wsj.com/business/unilever-plans-to-spin-off-ice-cream-unit-in-shake-up-affecting-7-500-jobs-c768e45f?mod=article_inline">According</a> to the Wall Street Journal, Unilever has considered selling off its ice cream brands, including Ben &amp; Jerry&#8217;s, Breyer&#8217;s and Popsicle. Unilever acquired Ben &amp; Jerry&#8217;s in 2000.
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</ul>
Photo via Shutterstock.

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Ben & Jerry's Sues Parent Company Unilever Over Alleged Gaza Protest Censorship

Unilever PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading relatively flat on Thursday.</a>
The company is reportedly exploring the sale of some of its smaller food brands, including those based in the Netherlands, as part of a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37815586/chilling-changes-unilever-to-separate-iconic-ice-cream-brands-in-strategic-shake-up" rel="noreferrer noopener">strategic shift under CEO Hein Schumacher.</a>
The company is looking to streamline its portfolio and refocus on its key power brands, reported Reuters, citing sources familiar with the discussions.
This move may improve profitability and better position Unilever for long-term growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41301870/elon-musks-x-reaches-agreement-with-unilever-drops-it-from-ad-boycott-lawsuit-first-part-of-the-ecos" rel="noreferrer noopener">Elon Musk&#8217;s X Reaches Agreement With Unilever, Drops It From Ad Boycott Lawsuit: &#8216;First Part Of The Ecosystem-Wide Solution&#8217;</a>
In addition to its Dutch brands, Unilever is also considering selling smaller food units in the U.K. and other parts of Europe, Reuters added.
This shift in strategy comes amid ongoing tensions with one of its subsidiaries, Ben &amp; Jerry&#8217;s, which filed a lawsuit against Unilever on Wednesday.
The lawsuit accuses the parent company of attempting to suppress the ice cream maker&#8217;s support for Palestinian refugees and its calls for a ceasefire in Gaza, <a target="_blank" href="https://www.nytimes.com/2024/11/14/business/ben-and-jerrys-unilever-lawsuit-israel-gaza.html" rel="noreferrer noopener">according </a>to The New York Times.
The legal action deepens a longstanding conflict between the two companies.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UL stock has gained over 17% in the past year. Investors can gain exposure to the stock via&nbsp;Absolute Select Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEQ#NYSE">ABEQ</a>) and&nbsp;American Century Focused Large Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLV#NYSE">FLV</a>).
Price Action: UL shares traded higher by 0.19% at $57.49 at the last check Thursday.
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Movers

Media

General

ABEQ

What's Going On With Unilever Stock Today?

WIIM

Unilever shares are trading higher. The company reported Q3 financial results.

<figure class="table"> 
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<tbody>
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<td>Outlook</td>
</tr>
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&nbsp;
Our full year 2024 outlook is unchanged.
&nbsp;
We continue to expect underlying sales growth (USG) for 2024 to be within our multi-year range of 3% to 5%, with the majority of the growth being driven by volume.
&nbsp;
Underlying operating margin for the full year is expected to be at least 18%, with increasing investment behind our brands. We expect the year-on-year margin progression in the second half to be smaller than in the first half.

Guidance

Unilever FY24 Outlook Unchanged With 3%-5% USG And An Underlying Operating Margin Of At Least 18%

Earnings

Unilever Earlier Reported Underlying Sales Growth In Q3 Was 4.5%, Against The Backdrop Of Slower Market Growth. Underlying Volume Growth Increased To 3.6% In Q3

Elon Musk&#8217;s social media platform, X, formerly Twitter, has dropped Unilever Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) <a href="https://www.benzinga.com/news/24/08/40210334/elon-musk-led-x-joined-by-rumble-in-advertisement-antitrust-lawsuit-there-may-also-be-criminal-liabi">from a lawsuit that accused the company</a> of conspiring to boycott the platform, leading to a loss in revenue.
What Happened: On Friday, X dropped its claims against Unilever in the antitrust lawsuit filed in a federal court in Wichita Falls, Texas, in August.
X confirmed the agreement with Unilever and expressed satisfaction to &#8220;continue our partnership with them on the platform.&#8221;
However, the social media platform did not disclose&nbsp;the terms of the agreement but said that it is the &#8220;first part of the ecosystem-wide solution and we look forward to more resolution across the industry.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41298806/wall-street-marks-new-record-highs-on-strong-start-to-earnings-season-investors-downplay-inflation-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wall Street Marks New Record Highs On Strong Start To Earnings Season, Investors Downplay Inflation Surge, Tesla Disappoints</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">X is pleased to have reached an agreement with Unilever and to continue our partnership with them on the platform. Today's news is the first part of the ecosystem-wide solution and we look forward to more resolution across the industry.
&mdash; News (@XNews) <a href="https://twitter.com/XNews/status/1844737849456771425?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
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Unilever stated that it had &#8220;reached&nbsp;an agreement with X, which&nbsp;has committed to meeting our&nbsp;responsibility standards to ensure the&nbsp;safety and performance of our&nbsp;brands on the platform,&#8221; reported Reuters.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The lawsuit accused the World&nbsp;Federation of Advertisers and group&nbsp;members, including Unilever, Mars, and CVS Health, of conspiring to withhold &#8220;billions&nbsp;of dollars in advertising revenue&#8221;&nbsp;from X.
Following Musk&#8217;s <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">acquisition of X in October 2022</a>, the platform experienced a slump in ad revenues for several months. Just last month, the platform faced a <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">major advertiser exodus</a> amid concerns over the platform&#8217;s content under Musk&#8217;s management.
Previously, billionaire entrepreneur Mark Cuban voiced concerns over <a href="https://www.benzinga.com/news/24/10/41229905/mark-cuban-says-elon-musk-advertisers-dont-want-to-be-associated-with-explicit-content-on-x-in-the-n">advertisers not wanting to be associated</a> with explicit content on X.
&#8220;When you talk about free speech, free speech applies to advertisers as well. They get to associate with whoever they want to, no matter what. So there are repercussions,&#8221; he stated at the time.
Musk&#8217;s platform&#8217;s value has also significantly dropped since, with <a href="https://www.benzinga.com/markets/mutual-funds/24/09/41103959/elon-musk-bought-x-for-44b-now-fidelity-values-social-media-network-below-10b">Fidelity valuing the social media</a> network below $10 billion now.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

Tech

Elon Musk's X Reaches Agreement With Unilever, Drops It From Ad Boycott Lawsuit: 'First Part Of The Ecosystem-Wide Solution'

Unilever PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) has been on a downward spiral lately with significant selling pressure. After declining 5.1% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.
<h2>Guide to Identifying Oversold Stocks</h2>
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock&#39;s price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
<h2>Why UL Could Bounce Back Before Long</h2>
The heavy selling of UL shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 29.36. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
<img alt="3-month RSI Chart for UL" class="chart" src="https://staticx-tuner.zacks.com/images/articles/charts/yseop/544/UL_RCI14.jpeg" style="height:auto; width:100%" title="" />
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering UL in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.4% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, UL currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock&#39;s potential turnaround in the near term.
<a href="https://www.zacks.com/stock/news/2347417/down-5-12-in-4-weeks-here-s-why-unilever-ul-looks-ripe-for-a-turnaround?cid=CS-BENZ-FT-tale_of_the_tape|rsi-2347417">To read this article on Zacks.com click here.</a>

Large Cap

Technicals

Trading Ideas

Down -5.12% in 4 Weeks, Here's Why Unilever Looks Ripe for a Turnaround

Unilever Executive Says Spending Over €150 Million To Revamp European Homecare Supply Chain; Raises European Homecare Promotion, R&D Spending By 40%; Unilever's H1 European Homecare Unit's Sales Rose Nearly 13%

Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) has seen its stock rise 17% in the past three months, outperforming the industry&#39;s 10.4% growth and the 0.4% uptick in the S&amp;P 500 composite index.
Recently, Accenture broadened its strategic alliance with Unilever (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) to streamline Unilever&#39;s digital infrastructure and leverage generative AI to enhance efficiency and operational agility. By tapping into Accenture&#39;s expertise, Unilever aims to identify where AI can generate the most significant transformative impact, ultimately yielding higher returns on investment.
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<h2>Accenture PLC Price</h2>
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Accenture PLC price | Accenture PLC Quote
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<h2>GenWizard Platform: A Key Driver of Change</h2>
Under this multi-year collaboration, Unilever will collaborate with Accenture to establish new standards in generative AI-driven productivity across the industry. This involves scaling AI applications that have already demonstrated the ability to cut costs and optimize operations on a global scale.
Accenture will provide Unilever access to its GenWizard platform, designed to fast-track technological and digital product development. The platform, armed with more than 350 patents and ready-to-use tools and frameworks, offers a comprehensive suite of solutions tailored to achieve specific business technology goals. The partnership will allow Unilever to deploy targeted generative AI solutions throughout its operations, driving efficiency, cost reduction and discovering innovative workflows. Ultimately, this collaboration is expected to help Unilever gain a competitive edge in the marketplace.
<h2>Driving Digital Transformation and Competitive Advantage</h2>
Accenture&#39;s collaboration with Unilever marks a strategic move toward strengthening its position as a leader in digital transformation, particularly in the realm of generative AI. The use of Accenture&#39;s GenWizard platform underscores the company&#39;s commitment to providing cutting-edge solutions that enable its clients to achieve operational excellence.
From Unilever&#39;s perspective, the application of generative AI is expected to enhance overall business performance by simplifying its digital core, identifying new efficiencies and scaling successful AI use cases globally. These initiatives are likely to drive significant cost reductions, operational agility and business insights, positioning Unilever to better adapt to an increasingly competitive and technology-driven market.
The partnership also highlights the growing importance of AI in shaping corporate strategies. Companies that harness AI&#39;s potential to streamline operations and improve decision-making will likely gain a competitive edge. This collaboration serves as a testament to the value of long-term investments in AI-driven innovations.
<h2>Zacks Rank and Stocks to Consider</h2>
ACN currently carries a Zacks Rank #4 (Sell).
A couple of better-ranked stocks from the broader Zacks Business Services sector are AppLovin&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) and Genpact (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/g#NYSE">G</a>).
APP currently sports a Zacks Rank of 1 (Strong Buy). The company has a long-term earnings growth expectation of 20%. JAMF delivered a trailing four-quarter earnings surprise of 21.1%, on average.
Genpact carries a Zacks Rank of 2 (Buy) at present. It has a long-term earnings growth expectation of 8.4%.G delivered a trailing four-quarter earnings surprise of 6.9%, on average.
<a href="https://www.zacks.com/stock/news/2333218/accenture-and-unilever-collaborate-on-generative-ai-platform?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2333218">To read this article on Zacks.com click here.</a>

Mid Cap

Accenture and Unilever Collaborate on Generative AI Platform

Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) and Unilever plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) have announced a significant expansion of their strategic partnership aimed at transforming digital infrastructure and harnessing the power of generative AI to enhance efficiency<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40723918/unilever-and-accenture-join-forces-to-establish-a-new-industry-standard-in-generative-ai-powered-p" rel="noreferrer noopener"> and agility across its global operations.</a>
The multi-year program will focus on establishing a new industry benchmark for productivity powered by generative AI. Unilever plans to scale successful AI use cases that have already demonstrated worldwide cost savings and operational efficiencies.
Hein Schumacher, CEO of Unilever, highlighted the success of their initial AI implementations, which introduced 500 AI applications and achieved notable efficiency gains. He emphasized the potential for further advancements with Accenture&#8217;s support, stating that the deeper integration of AI is a key part of their strategy to accelerate growth and performance.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40577369/accenture-expands-healthcare-reach-across-europe-with-latest-consus-health-deal" rel="noreferrer noopener">Accenture Expands Healthcare Reach Across Europe With Latest consus.health Deal</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UL stock has gained over 30% in the past year. Investors can gain exposure to the stock via&nbsp;Absolute Select Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEQ#NYSE">ABEQ</a>) and&nbsp;Keating Active ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEAT#NASDAQ">KEAT</a>).
Unilever will utilize Accenture&#8217;s GenWizard platform, which boasts over 350 patents and a suite of tools and frameworks designed to meet various technology objectives. This platform will play a crucial role in expediting Unilever&#8217;s technology and digital product development.
Julie Sweet, Chair and CEO of Accenture, praised the extended collaboration, noting that it will set a new standard for scaling generative AI in enterprise settings. She emphasized that the GenWizard platform will help Unilever achieve efficiencies, discover innovative work methods, and gain a competitive edge.
This enhanced partnership builds on previous efforts to explore and apply generative AI across Unilever&#8217;s operations, including new projects from its &#8220;Horizon3 Labs.&#8221;
ACN stock has gained over 5% in the past year. Investors can gain exposure to the stock via&nbsp;Trust for Professional Managers Jensen Quality Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JGRW#NYSE">JGRW</a>) and&nbsp;iShares U.S. Tech Independence Focused ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IETC#BATS">IETC</a>).
Price Action: ACN shares closed higher by 0.62% to $343.99 on Wednesday. UL shares are trading higher by 0.15% to $65.20 at premarket trading on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
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IETC

Trust for Professional Managers Jensen Quality Growth ETF

JGRW

KEAT

AI Power Play: Accenture And Unilever Unveil Major Expansion to Transform Digital Operations

Unilever will look to leverage Accenture&#39;s&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Fservices%2Fcloud%2Fapplication-transformation%2Fgenwizard&amp;esheet=54116604&amp;newsitemid=20240905109256&amp;lan=en-US&amp;anchor=GenWizard&amp;index=1&amp;md5=18f1e18f83894cc32ddeac2e779335d0">GenWizard</a>&nbsp;platform to accelerate their technology and digital product development. The gen AI platform has more than 350 patents and ready-to-apply tools and frameworks that work together to provide a comprehensive solution for any given technology business objective.

Unilever And Accenture Launch Multi-Year Program To Boost Productivity With Generative AI-Powered Solutions

<a href="https://news.sky.com/story/unilever-rations-skincare-portfolio-with-kate-somerville-sale-13203323?dcmp=snt-sf-twitter" title="https://news.sky.com/story/unilever-rations-skincare-portfolio-with-kate-somerville-sale-13203323?dcmp=snt-sf-twitter">https://news.sky.com/story/unilever-rations-skincare-portfolio-with-kate-somerville-sale-13203323?dcmp=snt-sf-twitter</a>

Asset Sales

Sky News Reported Unilever Is Working With Advisers On Sale Kate Somerville Skincare Brand It Acquired In 2015

As soon as Democratic nominee Kamala Harris promised to <a href="https://www.benzinga.com/news/24/08/40387906/kamala-harris-plans-historic-federal-ban-on-corporate-price-gouging-in-food-and-grocery-industries">ban price-gouging on groceries</a> (if she were elected U.S. President in November), the blowback from critics was loud and fierce. 
But such laws, which put a floor and a ceiling on consumer goods and services through government mandate, are not new.
For example, President Franklin D. Roosevelt signed into law the Emergency Price Control Act of 1942 to curb inflation during World War II. It was enacted on Jan. 30, 1942 and expired on June 30,1947, <a href="https://www.loc.gov/item/uscode1940-006050a010/">according</a> to the Library of Congress.
Almost 30 years later, President Richard Nixon issued an executive order in 1971 that put a 90-day freeze on wages and prices, following the Economic Stabilization Act of 1970, <a href="https://www.cato.org/commentary/remembering-nixons-wage-price-controls">according</a> to the Cato Institute.
Read Also: <a href="https://feeds2.benzinga.com/personal-finance/24/08/40508841/oleary-on-harris-price-control-plan-thats-beyond-crazy-it-didnt-work-in-the-70s-it-wont-work-now">O&#8217;Leary On Harris&#8217; Price Control Plan: &#8216;That&#8217;s Beyond Crazy&#8217; – It Didn&#8217;t Work In The &#8217;70s, It Won&#8217;t Work Now</a>
There are countless other instances of governments imposing such legislation as far back as the days of the Roman Empire, <a href="https://cdn.mises.org/Forty%20Centuries%20of%20Wage%20and%20Price%20Controls%20How%20Not%20to%20Fight%20Inflation_2.pdf">according</a> to &#8220;Forty Centuries of Wages and Price Controls.&#8221;
Harris presented the price-gouging ban a week ago at <a href="https://www.benzinga.com/news/24/08/40387906/kamala-harris-plans-historic-federal-ban-on-corporate-price-gouging-in-food-and-grocery-industries">a campaign rally</a> in North Carolina. The plan includes sharper scrutiny on potential mergers between supermarkets and food producers, which leads to higher grocery prices as expenses are passed onto consumers.
Grocer association gave the proposal <a href="https://www.benzinga.com/news/24/08/40467624/harris-price-gouging-plan-faces-pushback-from-grocers-hurting-from-the-same-inflationary-pressure-as">the cold shoulder</a>. They argue that they face the same inflationary pressures that consumers do.
When enacted, price control legislation significantly impacts sectors that have a handful of dominant players, such as soda production, tire manufacture, wireless communications and retail.
Price Action: Soda producers saw gains and losses by Friday&#8217;s mid-afternoon trading.
<ul>
<li>The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) dipped 0.19% to $69.20</li>
<li>PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) declined 0.60% to $174.69</li>
<li>Unilver PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) gained 1.42% to $63.41</li>
</ul>
Tire makers also went in both directions on Wall Street on Friday.
<ul>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) jumped 5.12% to $8.93</li>
<li>Bridgestone Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRDCY#OTC">BRDCY</a>) gained 1.37% to $20.01</li>
<li>Group Michelin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGDDY#OTC">MGDDY</a>) slipped 0.81% to $19.54</li>
</ul>
Wireless communications providers trended upward. 
<ul>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) gained 0.69% to $41.15</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) went up 0.82% to $19.67</li>
<li>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) rose 0.73% to $197.88</li>
</ul>
Retailers also had a positive day into Friday&#8217;s mid-afternoon trading.
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) improved 0.19% to $75.43</li>
<li>Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose 0.47% to $176.96</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) climbed 0.68% to $157.88</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40430000/donald-trump-takes-one-point-lead-over-kamala-harris-in-new-national-poll-has-slim-lead-in-key-swing">Donald Trump Takes One-Point Lead Over Kamala Harris In New National Poll, Has Slim Lead In Key Swing State</a></li>
</ul>

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FDR, Nixon Tried Price Control Legislation: Would It Work For Kamala Harris?

B of A Securities analyst Victoria Petrova upgrades Unilever (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) from Underperform to Buy and raises the price target from $47 to $72.

Upgrades

Price Target

B of A Securities Upgrades Unilever to Buy, Raises Price Target to $72

A proposed buyout offer of 7-Eleven parent company Seven &amp; I Holdings Co could take the American convenience store from being owned by a Japanese company to<a href="https://www.benzinga.com/markets/asia/24/08/40448182/7-eleven-may-become-canadian-how-japanese-chain-could-change"> a Canadian company.</a>
Many people likely have no idea that 7-Eleven is currently owned by a Japanese company according to a poll of Benzinga readers.
What Happened: Canadian convenience store owner Alimentation Couche-Tard Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>) has proposed an offer to buy Seven &amp; I Holdings Co, the owner of 7-Eleven, for a reported $31 billion. The news of the deal sent shares of Seven &amp; I Holdings <a href="https://www.benzinga.com/markets/asia/24/08/40453525/7-eleven-owner-seven-i-holdings-sees-6-drop-in-shares-amid-alimentation-couche-tards-potential-takeo">higher to start the week.</a>
7-Eleven was founded in the 1920s in Texas, which currently serves as the company's headquarters. The convenience store has been owned by the Japanese company since 2005, which many Americans likely weren't aware of.
"Did you know that 7-Eleven is a Japanese-owned company?" Benzinga asked its readers.
Seventy-one percent of poll respondents answered no, with 29% saying yes that they knew 7-Eleven was owned by a Japanese company.
While most readers weren't familiar with this example, there are dozens more American companies owned by foreign companies. Here are some examples.
Ben &amp; Jerry's: The American ice cream company founded in Vermont, now owned by Unilever (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>), a U.K. food and consumer products conglomerate.
Burger King: The restaurant brand is owned by Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), a Canadian-American company headquartered in Toronto that also owns Canadian coffee retail brand Tim Horton's.
Trader Joe's: The grocery store brand is owned by German company Aldi Nord, which also owns Aldi.
Smithfield Foods: The American pork producer and food processing company is owned by WH Group, a Chinese food company.
Chrysler: One of the American "Big 3" automakers, Chrysler is now a unit of Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), which is headquartered in the Netherlands.
Budweiser: One of the top-selling American beer brands, Budweiser was founded in St. Louis, Missouri in 1876. The company is now owned by Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), which is headquartered in Belgium.
Read Also: <a href="https://www.benzinga.com/top-stories/24/08/40423891/buffett-musk-wood-cuban-or-ackman-who-do-investors-trust-most-with-life-savings-poll-shows-it-isnt-e">Buffett, Musk, Wood, Cuban Or Ackman: Who Do Investors Trust Most With Life Savings? Poll Shows It Isn&#8217;t Even Close</a>
Why It's Important: If Alimentation Couche-Tard Inc. completes its takeover of 7-Eleven parent Seven &amp; I, it would create the world&#8217;s leading convenience store operator, with over 100,000 combined locations globally.
The deal would also mark the largest takeover of a Japanese company if the buyout offer is approved.
Alimentation Couche-Tard is one of the most valuable Canadian public companies, and it would likely elevate into the top 10.
With a combined total of over 20,000 locations in the United States, the potential merger could face regulatory scrutiny in North America.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/restaurants/24/07/39635507/joey-chestnut-the-patriot-reigning-champ-shuns-chinese-backed-hot-dogs-for-impossible-america">Joey Chestnut The Patriot? Reigning Champ Shuns Chinese-Backed Hot Dogs For &#8216;Impossible&#8217; American Ones</a></li>
</ul>
The study was conducted by Benzinga on Aug. 19 and Aug. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 121 adults.
Image created using artificial intelligence via Midjourney.

Exclusives

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STLA

7-Eleven Owned By A Japanese Company? 71% Of Benzinga Poll Respondents Surprised: Other Foreign-Owned US Companies Revealed

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Press Releases

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Unilever Personal Care brands to partner CONMEBOL Copa América USA 2024™

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