A number of other institutional investors have also recently made changes to their positions in TUP. BlackRock Inc. raised its position in shares of Tupperware Brands Corporation by 15,657.3% in the first quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock worth $534,973,000 after buying an additional 8,475,428 shares during the last quarter. Norges Bank bought a new stake in Tupperware Brands Corporation during the fourth quarter valued at about $21,925,000. Miller Howard Investments Inc. NY bought a new stake in Tupperware Brands Corporation during the first quarter valued at about $25,917,000. WBI Investments Inc. bought a new stake in Tupperware Brands Corporation during the first quarter valued at about $17,503,000. Finally, Thrivent Financial For Lutherans raised its stake in Tupperware Brands Corporation by 215.8% in the first quarter. Thrivent Financial For Lutherans now owns 395,301 shares of the company’s stock valued at $24,793,000 after buying an additional 270,111 shares during the last quarter. 89.86% of the stock is owned by institutional investors.
Legato Capital Management LLC boosted its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 891.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,895 shares of the company’s stock after buying an additional 7,998 shares during the period. Legato Capital Management LLC’s holdings in Tupperware Brands Corporation were worth $625,000 as of its most recent SEC filing.
Tupperware Brands Corporation (TUP) traded down 1.97% on Wednesday, reaching $59.28. The company’s stock had a trading volume of 169,027 shares. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 19.17 and a beta of 1.62. The company has a 50 day moving average of $68.91 and a 200 day moving average of $65.57.
Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The firm had revenue of $572.90 million for the quarter, compared to analysts’ expectations of $580.19 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that Tupperware Brands Corporation will post $4.70 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Friday, June 16th. Tupperware Brands Corporation’s dividend payout ratio (DPR) is 87.74%.
Several equities research analysts have recently issued reports on TUP shares. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “sell” rating in a research note on Wednesday, June 28th. B. Riley reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Tupperware Brands Corporation in a research note on Sunday, April 23rd. BidaskClub lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Sidoti increased their price target on Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, May 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.75.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total transaction of $120,980.00. Following the transaction, the executive vice president now directly owns 16,765 shares in the company, valued at $1,014,114.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 12,250 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $72.75, for a total value of $891,187.50. Following the transaction, the executive vice president now owns 33,015 shares in the company, valued at $2,401,841.25. The disclosure for this sale can be found here. Insiders have sold 79,823 shares of company stock worth $5,768,735 over the last 90 days. 3.14% of the stock is owned by insiders.
Tupperware Brands Corporation 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.