Tupperware Brands Corporation (NYSE:TUP) EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total transaction of $118,780.00. Following the transaction, the executive vice president now owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Tupperware Brands Corporation (NYSE:TUP) opened at $59.61 on Wednesday. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. The firm has a market capitalization of $3,002.87, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72.
Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. Tupperware Brands Corporation’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. equities analysts forecast that Tupperware Brands Corporation will post 4.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.56%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 98.91%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of TUP. Principal Financial Group Inc. raised its holdings in shares of Tupperware Brands Corporation by 143.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after acquiring an additional 663,454 shares in the last quarter. Huber Capital Management LLC raised its holdings in shares of Tupperware Brands Corporation by 44.3% during the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after acquiring an additional 277,660 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Tupperware Brands Corporation by 439.0% during the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after acquiring an additional 226,091 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Tupperware Brands Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock worth $282,221,000 after acquiring an additional 218,186 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in Tupperware Brands Corporation during the 2nd quarter valued at $9,966,000. 85.39% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on TUP shares. ValuEngine downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Citigroup Inc. lifted their price target on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of Tupperware Brands Corporation in a research report on Thursday, October 12th. Finally, Morgan Stanley raised their price objective on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Tupperware Brands Corporation has a consensus rating of “Hold” and a consensus target price of $68.33.
About Tupperware Brands Corporation
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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