NEW YORK (AP) -- Tupperware's stock declined nearly 4 percent Monday afternoon as an analyst lowered her rating for the direct seller of plastic storage containers and personal care products, partly because of its stock price.
THE SPARK: Dara Mohsenian of Morgan Stanley cut Tupperware to "Equal-weight" from "Overweight."
THE ANALYSIS: In a client note, Mohsenian said that Tupperware's stock price is not as compelling as it used to be given its recent strong performance. The analyst said that the company's stock price has climbed 44 percent in the past six months, which is better than the 8 percent rise by the S&P 500.
Mohsenian also said that returning cash to stockholders is now priced into the shares — as the company raised its dividend recently — so this is no longer a catalyst.
SHARE ACTION: Shares of Tupperware Brands Corp. fell $3.50, or 4.4 percent, to $75.25 in afternoon trading. Over the past year, the stock has traded in a range of $50.90 to $80.98. The shares are up 24 percent for the year to date.