The Americafirst Capital Management LLC Takes $327,000 Position in Tupperware Brands Corporation (TUP)

The Americafirst Capital Management LLC Takes $327,000 Position in Tupperware Brands Corporation (TUP)

Americafirst Capital Management LLC bought a new stake in shares of Tupperware Brands Corporation (NYSE:TUP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,660 shares of the company’s stock, valued at approximately $327,000.

Several other large investors have also recently bought and sold shares of TUP. Tower Research Capital LLC TRC purchased a new position in shares of Tupperware Brands Corporation during the 2nd quarter valued at approximately $121,000. Ffcm LLC increased its holdings in shares of Tupperware Brands Corporation by 146.1% during the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after purchasing an additional 1,096 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tupperware Brands Corporation by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares in the last quarter. Mascoma Wealth Management LLC increased its holdings in shares of Tupperware Brands Corporation by 5,000.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock valued at $150,000 after purchasing an additional 2,100 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Tupperware Brands Corporation by 17.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,712 shares of the company’s stock valued at $168,000 after purchasing an additional 396 shares in the last quarter. 84.98% of the stock is owned by hedge funds and other institutional investors.

In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $58.54, for a total value of $117,080.00. Following the completion of the transaction, the executive vice president now owns 14,765 shares in the company, valued at $864,343.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,000 shares of company stock valued at $361,180 in the last quarter. 3.22% of the stock is currently owned by company insiders.

TUP has been the subject of several recent research reports. ValuEngine lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Thursday, September 28th. Citigroup Inc. lifted their target price 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. BidaskClub lowered shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, TheStreet lowered shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $68.25.

Tupperware Brands Corporation (NYSE:TUP) traded down 0.23% during midday trading on Friday, reaching $61.70. 248,222 shares of the company were exchanged. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 19.95 and a beta of 1.64. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36. The company has a 50 day moving average of $59.74 and a 200-day moving average of $65.28.

Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. Tupperware Brands Corporation’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. On average, equities research analysts anticipate that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.41%. The ex-dividend date was Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is 87.74%.

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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