Fox Run Management L.L.C. decreased its holdings in Tupperware Brands Co. (NYSE:TUP) by 41.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,060 shares of the company’s stock after selling 6,540 shares during the quarter. Fox Run Management L.L.C.’s holdings in Tupperware Brands were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Intl Fcstone Inc. purchased a new position in Tupperware Brands during the second quarter valued at $496,000. Dimensional Fund Advisors LP lifted its position in Tupperware Brands by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock valued at $57,433,000 after buying an additional 11,710 shares during the period. First Trust Advisors LP lifted its position in Tupperware Brands by 17.5% during the third quarter. First Trust Advisors LP now owns 181,347 shares of the company’s stock valued at $11,211,000 after buying an additional 27,060 shares during the period. CNA Financial Corp lifted its position in Tupperware Brands by 26.7% during the third quarter. CNA Financial Corp now owns 14,700 shares of the company’s stock valued at $909,000 after buying an additional 3,100 shares during the period. Finally, Icon Advisers Inc. Co. purchased a new position in Tupperware Brands during the third quarter valued at $1,626,000. 84.03% of the stock is owned by institutional investors.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the sale, the executive vice president now directly owns 6,765 shares in the company, valued at approximately $422,338.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.14% of the stock is currently owned by company insiders.
Several brokerages have commented on TUP. Zacks Investment Research lowered Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. 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. ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. KeyCorp restated a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Finally, TheStreet upgraded Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.67.
Shares of Tupperware Brands Co. (NYSE TUP) traded up $0.79 during trading hours on Wednesday, hitting $51.71. The stock had a trading volume of 793,414 shares, compared to its average volume of 758,768. Tupperware Brands Co. has a 1 year low of $49.04 and a 1 year high of $74.36. The company has a debt-to-equity ratio of -5.19, a current ratio of 1.06 and a quick ratio of 0.52. The company has a market capitalization of $2,590.00, a P/E ratio of -9.93, a PEG ratio of 0.83 and a beta of 1.49.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.50 by $0.09. Tupperware Brands had a positive return on equity of 159.90% and a negative net margin of 11.77%. The company had revenue of $588.60 million during the quarter, compared to the consensus estimate of $601.99 million. During the same period last year, the company earned $1.45 EPS. Tupperware Brands’s revenue for the quarter was down 2.0% on a year-over-year basis. analysts expect that Tupperware Brands Co. will post 5.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.72 annualized dividend and a yield of 5.26%. Tupperware Brands’s payout ratio is -52.21%.
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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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