Tupperware Brands Corporation C (NYSE:TUP) has been the object of insider selling activity recently. Josef Hajek, SVP, Tax & Gov’t Relations sold $211,220 worth of shares at an average price of $71.60 on Fri the 9th. That brings the SVP, Tax & Gov’t Relations’s holdings to $240,121 per an SEC filing yesterday. Thomas M. Roehlk, EVP let go of $891,310 worth of shares at an average price of $72.76 on June 2nd. Roehlk now owns $1,510,861 of stock as recorded in a recent Form 4 SEC filing.
Thomas M. Roehlk, EVP sold $143,880 worth of shares at an average price of $71.94 on Thu the 1st. That brings Roehlk’s holdings to $1,493,834 as reported to the SEC.
Tupperware Brands Corporation, launched on February 8, 1996, is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. The Business’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Business’s Europe, Asia Pacific and Tupperware North America segments include primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand. The Europe segment includes Avroy Shlain in South Africa and Nutrimetics in France, which sell beauty and personal care products. Some units in Asia Pacific also sell beauty and personal care products under the NaturCare, Nutrimetics and Fuller brands. The Business’s Beauty North America segment offers cosmetics, skin care and personal care products marketed under the BeautiControl brand in the United States, Canada and Puerto Rico, and the Fuller Cosmetics brands in Mexico and Central America. The Business’s South America segment offers both housewares and beauty products under the Fuller, Nutrimetics, Nuvo and Tupperware brands..
Here are a few additional firms who have increased or decreased their stake in (TUP). Proficio Capital Partners LLC bolstered its position by buying 56 shares an increase of 27.3%. Proficio Capital Partners LLC owns 261 shares valued at $18,000. The total value of its holdings increased 63.6%. As of quarter end Morgan Stanley had acquired 481 shares growing its holdings by 47.8%. The value of the investment in Tupperware Brands Corporation C increased from $53,000 to $93,000 a change of $40,000 since the last quarter.
As of the end of the quarter Community Financial Services Group, LLC had bought a total of 655 shares growing its position 112.9%. The value of the company’s investment in Tupperware Brands Corporation C went from $31,000 to $77,000 a change of 148.4% for the reporting period. As of the end of the quarter Schroder Investment Management Group had sold a total of 231,657 shares trimming its stake by 17.0%. The value of the investment in TUP decreased from $71,697,000 to $70,862,000 decreasing 1.2% quarter to quarter.
On November 28, 2016 B. Riley held the price objective at $47.00 and downgraded the company to Sell from Neutral. On November 28 the stock rating was downgraded from “Neutral” to “Sell” with a current price target of $47.00 in an announcement from B. Riley.
On April 18 Citigroup held the company rating at “Neutral” but moved up the price target to $63.00 from $57.00. March 18 investment analysts at Citigroup held the stock rating at “Neutral” but raised the price target from $47.00 to $57.00.
On February 26 the company was rated “Sector Weight” in a report from KeyBanc which was a cut from the previous “Overweight” rating. Piper Jaffray downgraded the stock and lowered the price target on January 28 changing the price target from $68.00 to $50.00 and altering the rating from “Overweight” to “Neutral”.
The company is trading up from yesterday’s close of $71.91. Tupperware Brands Corporation C also announced a dividend to be paid on Thursday the 6th of July 2017. The dividend payment will be $0.680 per share for the quarter or $2.72 on an annualized basis. This dividend amount will represent a yeild of $3.78. The ex-dividend date will be on Thursday the 16th of March 2017.
Shares last traded at $71.97 marginally over $71.38, the 50 day moving average and which is just a bit higher than the 200 day moving average of $61.87. The 50 day moving average was up $0.65 and the 200 day average was up $10.16.
The company’s P/E ratio is 16.09 and market cap is 3.65B. In the latest earnings report the EPS was $4.48 and is projected to be $4.70 for the current year with 50,724,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.98 with next year’s EPS projected to be $5.04.