Tupperware Brands Corp. (TUP) Plans $0.68 Quarterly Dividend
Tupperware Brands Corp. (NYSE:TUP) announced a quarterly dividend on Friday, November 18th. Investors of record on Tuesday, December 20th will be paid a dividend of 0.68 per share on Friday, January 6th. This represents a $2.72 dividend on an annualized basis and a yield of 4.62%.
Shares of Tupperware Brands Corp. (NYSE:TUP) opened at 58.90 on Monday. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 14.73 and a beta of 1.72. Tupperware Brands Corp. has a 12 month low of $42.60 and a 12 month high of $66.90. The company has a 50-day moving average price of $62.24 and a 200-day moving average price of $60.49.
Tupperware Brands Corp. (NYSE:TUP) last announced its earnings results on Wednesday, October 19th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Tupperware Brands Corp. had a return on equity of 124.54% and a net margin of 9.20%. The company earned $521.80 million during the quarter, compared to analysts’ expectations of $528.14 million. During the same period last year, the business posted $0.79 EPS. Tupperware Brands Corp.’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts expect that Tupperware Brands Corp. will post $4.34 EPS for the current fiscal year.
A number of equities analysts recently commented on TUP shares. SunTrust Banks Inc. restated a “neutral” rating and set a $62.00 target price (up from $57.00) on shares of Tupperware Brands Corp. in a report on Monday, July 25th. B. Riley reiterated a “neutral” rating and issued a $53.00 price objective on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Zacks Investment Research upgraded Tupperware Brands Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $61.00 price objective on shares of Tupperware Brands Corp. in a research note on Thursday, August 4th. Finally, TheStreet cut Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.57.
In other Tupperware Brands Corp. news, insider Allan Dando sold 620 shares of Tupperware Brands Corp. stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $59.82, for a total transaction of $37,088.40. Following the transaction, the insider now owns 2,863 shares of the company’s stock, valued at $171,264.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corp. stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $64.94, for a total value of $129,880.00. Following the transaction, the executive vice president now directly owns 37,900 shares in the company, valued at approximately $2,461,226. The disclosure for this sale can be found here. Insiders own 3.22% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its position in Tupperware Brands Corp. by 4,479.7% in the second quarter. Loomis Sayles & Co. L P now owns 3,160 shares of the company’s stock valued at $178,000 after buying an additional 3,091 shares during the period. Advisor Group Inc. purchased a new position in Tupperware Brands Corp. during the second quarter valued at approximately $193,000. Paloma Partners Management Co purchased a new position in Tupperware Brands Corp. during the second quarter valued at approximately $210,000. Panagora Asset Management Inc. raised its position in Tupperware Brands Corp. by 36.1% in the second quarter. Panagora Asset Management Inc. now owns 4,900 shares of the company’s stock valued at $276,000 after buying an additional 1,300 shares during the period. Finally, KCG Holdings Inc. purchased a new position in Tupperware Brands Corp. during the third quarter valued at approximately $327,000. 92.60% of the stock is currently owned by institutional investors.
Tupperware Brands Corp. Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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