ProShare Advisors LLC Sold 650 Shares of Tupperware Brands Co. (TUP)

ProShare Advisors LLC Sold 650 Shares of Tupperware Brands Co. (TUP)

ProShare Advisors LLC cut its stake in Tupperware Brands Co. (NYSE:TUP) by 12.6% during the first quarter, Holdings Channel reports. The firm owned 4,511 shares of the company’s stock after selling 650 shares during the period. ProShare Advisors LLC’s holdings in Tupperware Brands were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management boosted its position in Tupperware Brands by 0.7% in the fourth quarter. Hanson & Doremus Investment Management now owns 4,157 shares of the company’s stock valued at $219,000 after buying an additional 30 shares during the period. Huntington National Bank boosted its position in Tupperware Brands by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock valued at $120,000 after buying an additional 212 shares during the period. Louisiana State Employees Retirement System boosted its position in Tupperware Brands by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $803,000 after buying an additional 300 shares during the period. Northwest Investment Counselors LLC boosted its position in Tupperware Brands by 1.9% in the first quarter. Northwest Investment Counselors LLC now owns 27,947 shares of the company’s stock valued at $1,753,000 after buying an additional 532 shares during the period. Finally, Butensky & Cohen Financial Security Inc. boosted its position in Tupperware Brands by 4.4% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 25,935 shares of the company’s stock valued at $1,627,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Shares of Tupperware Brands Co. (NYSE:TUP) opened at 72.55 on Friday. The firm’s 50 day moving average is $70.52 and its 200 day moving average is $61.40. The company has a market cap of $3.68 billion, a PE ratio of 16.20 and a beta of 1.65. Tupperware Brands Co. has a 12 month low of $50.43 and a 12 month high of $74.36.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $554.80 million for the quarter, compared to analyst estimates of $532.58 million. Tupperware Brands had a net margin of 10.10% and a return on equity of 117.25%. Tupperware Brands’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, equities analysts predict that Tupperware Brands Co. will post $4.70 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Tuesday, June 20th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.75%. Tupperware Brands’s dividend payout ratio (DPR) is presently 61.82%.

Several research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $54.00 price objective on shares of Tupperware Brands in a research report on Sunday, February 5th. Zacks Investment Research cut shares of Tupperware Brands from a “buy” rating to a “hold” rating and set a $79.00 price objective for the company. in a research report on Tuesday. Finally, Sidoti boosted their price objective on shares of Tupperware Brands from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Tupperware Brands has an average rating of “Hold” and an average price target of $67.80.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $71.94, for a total transaction of $143,880.00. Following the transaction, the executive vice president now owns 20,765 shares in the company, valued at $1,493,834.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Catherine Ann Bertini sold 1,729 shares of Tupperware Brands stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $60.44, for a total transaction of $104,500.76. Following the transaction, the director now owns 25,452 shares in the company, valued at approximately $1,538,318.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,266 shares of company stock worth $5,061,863. 3.22% of the stock is owned by company insiders.

Tupperware Brands Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TUP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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