Tupperware Brands Corp. (TUP) Trading Down 1.9%
Tupperware Brands Corp. (NYSE:TUP) shares dropped 1.9% on Monday . The company traded as low as $58.79 and last traded at $58.79, with a volume of 338,909 shares trading hands. The stock had previously closed at $59.93.
TUP has been the subject of a number of analyst reports. TheStreet upgraded Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Zacks Investment Research downgraded Tupperware Brands Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Piper Jaffray Cos. restated a “hold” rating and issued a $59.00 price target (up from $55.00) on shares of Tupperware Brands Corp. in a research note on Thursday, April 21st. Citigroup Inc. lifted their target price on Tupperware Brands Corp. from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 18th. Finally, B. Riley reiterated a “neutral” rating and set a $53.00 target price on shares of Tupperware Brands Corp. in a research note on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Tupperware Brands Corp. presently has an average rating of “Hold” and an average target price of $58.88.
The stock has a market capitalization of $2.93 billion and a price-to-earnings ratio of 14.67. The firm has a 50 day moving average of $56.88 and a 200-day moving average of $54.66.
Tupperware Brands Corp. (NYSE:TUP) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. The business earned $564.70 million during the quarter, compared to analysts’ expectations of $559.91 million. Equities analysts predict that Tupperware Brands Corp. will post $4.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Monday, June 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.68%.
In related news, EVP Thomas M. Roehlk sold 16,000 shares of the stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $59.53, for a total value of $952,480.00. Following the sale, the executive vice president now owns 61,900 shares in the company, valued at $3,684,907. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Georges Jaggy sold 500 shares of the stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $55.97, for a total value of $27,985.00. Following the completion of the sale, the executive vice president now owns 3,118 shares in the company, valued at approximately $174,514.46. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. purchased a new stake in Tupperware Brands Corp. during the fourth quarter worth $1,232,000. Mcclain Value Management LLC purchased a new stake in Tupperware Brands Corp. during the fourth quarter worth $1,464,000. Morgan Stanley increased its stake in Tupperware Brands Corp. by 6.7% in the fourth quarter. Morgan Stanley now owns 618,489 shares of the company’s stock worth $34,420,000 after buying an additional 39,015 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Tupperware Brands Corp. by 2.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 33,953 shares of the company’s stock worth $1,889,000 after buying an additional 748 shares during the last quarter. Finally, Azimuth Capital Management LLC increased its stake in Tupperware Brands Corp. by 8.2% in the fourth quarter. Azimuth Capital Management LLC now owns 45,191 shares of the company’s stock worth $2,515,000 after buying an additional 3,440 shares during the last quarter.
Tupperware Brands Corporation (Tupperware Brands) is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. The Company’s Europe, Asia Pacific and Tupperware North America segments offer storage and serving solutions for the kitchen and home through the Tupperware brand.
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