Tupperware Brands Co. (NYSE:TUP) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $68.40.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Thursday, September 28th. Citigroup increased their price target on Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a report on Thursday, October 12th. Morgan Stanley increased their price target on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, October 26th.
Shares of Tupperware Brands (NYSE TUP) opened at $62.89 on Thursday. Tupperware Brands has a 52 week low of $53.65 and a 52 week high of $74.36. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $3,200.00, a P/E ratio of 22.87, a P/E/G ratio of 1.02 and a beta of 1.75.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.33%. Tupperware Brands’s dividend payout ratio is currently 98.91%.
In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the transaction, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total transaction of $124,860.00. Following the completion of the transaction, the executive vice president now owns 6,765 shares in the company, valued at approximately $422,338.95. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock worth $3,010,776 in the last three months. 3.14% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of TUP. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tupperware Brands during the 3rd quarter valued at $102,000. Tower Research Capital LLC TRC bought a new position in shares of Tupperware Brands during the 2nd quarter valued at $121,000. Ffcm LLC raised its holdings in shares of Tupperware Brands by 146.1% during the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after purchasing an additional 1,096 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tupperware Brands by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware raised its holdings in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after purchasing an additional 2,246 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.
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Tupperware Brands Company Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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