Tupperware Brands Corp. (NYSE:TUP) insider Asha Gupta sold 917 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $62.70, for a total transaction of $57,495.90. Following the transaction, the insider now directly owns 15,000 shares in the company, valued at $940,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several research analysts have recently commented on TUP shares. TheStreet raised shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Zacks Investment Research cut shares of Tupperware Brands Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. SunTrust Banks Inc. reaffirmed 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. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $61.00 target price (up from $55.00) on shares of Tupperware Brands Corp. in a report on Friday, July 22nd. Finally, Citigroup Inc. raised their target price on shares of Tupperware Brands Corp. from $57.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $59.44.
Shares of Tupperware Brands Corp. (NYSE:TUP) traded down 0.61% during mid-day trading on Wednesday, reaching $62.24. 479,785 shares of the company’s stock were exchanged. Tupperware Brands Corp. has a 52-week low of $42.60 and a 52-week high of $63.90. The firm has a market cap of $3.14 billion and a P/E ratio of 16.55. The company has a 50 day moving average price of $57.72 and a 200 day moving average price of $55.06.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Monday, June 20th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, June 16th.
An institutional investor recently raised its position in Tupperware Brands Corp. stock. Rhumbline Advisers increased its position in shares of Tupperware Brands Corp. (NYSE:TUP) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 84,921 shares of the company’s stock after buying an additional 350 shares during the period. Rhumbline Advisers owned about 0.17% of Tupperware Brands Corp. worth $4,726,000 at the end of the most recent reporting period.
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.
