Nelson Peltz is facing an uphill battle to revive the fortunes of his hedge fund, Trian Partners, after witnessing a setback in his fight to secure seats on Walt Disney’s (NYSE:DIS) board. According to a Wall Street Journal report, Peltz’s Trian is facing multiple headwinds, including investor withdrawals, lackluster returns, a decline in assets under management, and internal discord within the firm.
While his hedge fund is grappling with challenges, Peltz’s investment in the British consumer goods company Unilever (NYSE:UL)(GB:ULVR) offers a glimmer of hope. The report shows that Peltz’s stake in Unilever exceeds $1.5 billion, and he assumed a position on the company’s board shortly after acquiring its shares.
It’s noteworthy that Unilever has been lagging behind competitors like Procter & Gamble (NYSE:PG) and hasn’t seen a notable turnaround yet. However, the recent changes in Unilever’s leadership and the company’s focus on streamlining operations, including shedding underperforming assets like the ice cream business, are encouraging. If these initiatives prove successful, it could mark a turning point for Peltz and Trian.
Meanwhile, let’s look at what analysts recommend for Unilever stock.
Is Unilever a Good Stock to Buy?
Unilever stock is down over 10% in one year, underperforming PG’s gain of 6.4%. Given its underperformance and uncertainty over its turnaround story, analysts remain sidelined.
Unilever stock has two Buy, five Hold, and five Sell recommendations for a Hold consensus rating. Analysts’ average price target on ULVR stock is 3,988.18p, implying 6.49% upside potential from current levels.
