Previous Close | 48.07 |
Open | 48.56 |
Bid | 0.00 x 1200 |
Ask | 0.00 x 1800 |
Day's Range | 48.34 - 48.71 |
52 Week Range | 42.54 - 57.85 |
Volume | |
Avg. Volume | 3,480,419 |
Market Cap | 124.122B |
Beta (5Y Monthly) | 0.13 |
PE Ratio (TTM) | 21.05 |
EPS (TTM) | 2.30 |
Earnings Date | N/A |
Forward Dividend & Yield | 1.87 (3.90%) |
Ex-Dividend Date | Aug 04, 2022 |
1y Target Est | 54.00 |
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The ice cream brand in court called for the parent company to be prevented from transferring assets to a local licensee in Israel, saying the products could be used to oppose social issues that it supports.
(Bloomberg) -- Ben & Jerry’s has “no power and no authority” to sue its own corporate parent in its efforts to avoid selling its ice cream in the Israeli-occupied West Bank, a lawyer for Unilever Plc told a judge in New York.Most Read from BloombergFBI Raid Focused on Material Trump Brought from White HouseChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsS&P 500 Finishes Lower After Wiping Out 1% Rally: Markets WrapBen & Jerr
A U.S. judge on Monday appeared skeptical that Ben & Jerry's deserved an immediate injunction against its parent Unilever Plc to restrict the marketing of its ice cream in the Israeli-occupied West Bank, which Ben & Jerry's said was against its values. U.S. District Judge Andrew Carter said at a court hearing in Manhattan that he was unsure Ben & Jerry's had shown it faced "imminent harm" following Unilever's June 29 sale of the ice cream maker's Israeli business to local licensee Avi Zinger. The unusual dispute shows the challenges Unilever faces as it encourages its brands, which number more than 400, to have social missions that the company says help drive sales.