GW&K Investment Management LLC trimmed its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 476,191 shares of the company’s stock after selling 56,258 shares during the quarter. GW&K Investment Management LLC owned about 0.94% of Tupperware Brands worth $29,857,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. First Allied Advisory Services Inc. lifted its position in Tupperware Brands by 1.2% during the 2nd quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock worth $405,000 after acquiring an additional 66 shares during the period. Ameritas Investment Partners Inc. lifted its position in Tupperware Brands by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock worth $1,136,000 after acquiring an additional 244 shares during the period. Ropes Wealth Advisors LLC lifted its position in Tupperware Brands by 3.3% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,325 shares of the company’s stock worth $585,000 after acquiring an additional 268 shares during the period. Royal Bank of Canada lifted its position in Tupperware Brands by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 55,120 shares of the company’s stock worth $3,872,000 after acquiring an additional 273 shares during the period. Finally, Security National Bank of SO Dak lifted its holdings in shares of Tupperware Brands by 3.5% in the 2nd quarter. Security National Bank of SO Dak now owns 9,911 shares of the company’s stock valued at $696,000 after buying an additional 331 shares during the period. 83.66% of the stock is owned by institutional investors.
Several analysts have recently commented on the company. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Friday, January 12th. Morgan Stanley raised their price target on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Finally, ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $68.83.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total transaction of $118,780.00. Following the completion of the transaction, the executive vice president now directly owns 10,765 shares of the company’s stock, valued at $639,333.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the transaction, the chairman now directly owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,600 shares of company stock valued at $3,010,776. 3.22% of the stock is currently owned by insiders.
Shares of Tupperware Brands Co. (NYSE TUP) opened at $63.71 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $3,233.90, a P/E ratio of 23.17, a PEG ratio of 1.03 and a beta of 1.75. Tupperware Brands Co. has a 1-year low of $55.16 and a 1-year high of $74.36.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. sell-side analysts anticipate that Tupperware Brands Co. will post 4.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.72 annualized dividend and a yield of 4.27%. Tupperware Brands’s dividend payout ratio is presently 98.91%.
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Tupperware Brands 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.
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