Gotham Asset Management LLC raised its stake in shares of Tupperware Brands Corporation (NYSE:TUP) by 130.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,731 shares of the company’s stock after buying an additional 7,218 shares during the quarter. Gotham Asset Management LLC’s holdings in Tupperware Brands Corporation were worth $894,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. lifted its stake in Tupperware Brands Corporation by 15,657.3% in the 1st quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock valued at $534,973,000 after acquiring an additional 8,475,428 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Tupperware Brands Corporation by 143.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after acquiring an additional 663,454 shares in the last quarter. Teachers Advisors LLC lifted its stake in Tupperware Brands Corporation by 439.0% in the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock valued at $19,496,000 after acquiring an additional 226,091 shares in the last quarter. Vanguard Group Inc. lifted its stake in Tupperware Brands Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after acquiring an additional 218,186 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Tupperware Brands Corporation during the 2nd quarter worth approximately $9,966,000. Institutional investors and hedge funds own 85.33% of the company’s stock.
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TUP has been the topic of a number of analyst reports. ValuEngine cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands Corporation in a research note on Thursday, October 12th. Citigroup Inc. increased their price target on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, BidaskClub cut Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $69.00.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $58.54, for a total transaction of $117,080.00. Following the completion of the sale, the executive vice president now owns 14,765 shares of the company’s stock, valued at $864,343.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 6,000 shares of company stock valued at $361,180 in the last ninety days. Insiders own 3.22% of the company’s stock.
Shares of Tupperware Brands Corporation (TUP) traded down 1.50% on Friday, reaching $60.46. The company’s stock had a trading volume of 25,670 shares. The firm’s 50 day moving average is $60.46 and its 200-day moving average is $65.24. The stock has a market cap of $3.08 billion, a P/E ratio of 19.55 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.
Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a return on equity of 101.06% and a net margin of 6.18%. The company had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio is presently 98.91%.
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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