Schroder Investment Management Group Lowers Holdings in Tupperware Brands Co. (TUP)

Schroder Investment Management Group lessened its stake in Tupperware Brands Co. (NYSE:TUP) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 985,460 shares of the company’s stock after selling 24,563 shares during the period. Schroder Investment Management Group’s holdings in Tupperware Brands were worth $61,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Tupperware Brands by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock valued at $70,217,000 after buying an additional 8,594 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Tupperware Brands by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock valued at $61,216,000 after buying an additional 130,092 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Tupperware Brands by 1.3% in the 3rd 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. Huber Capital Management LLC lifted its holdings in shares of Tupperware Brands by 44.3% in the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after buying an additional 277,660 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Tupperware Brands by 0.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 809,669 shares of the company’s stock valued at $50,054,000 after buying an additional 5,141 shares during the period. 83.69% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $62.07, for a total value of $124,140.00. Following the completion of the transaction, the executive vice president now owns 10,665 shares in the company, valued at approximately $661,976.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.14% of the stock is owned by insiders.

Tupperware Brands Co. (NYSE:TUP) opened at $50.95 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of -5.19. Tupperware Brands Co. has a 52 week low of $49.04 and a 52 week high of $74.36. The firm has a market capitalization of $2,592.72, a PE ratio of 10.53, a P/E/G ratio of 0.82 and a beta of 1.49.

Tupperware Brands (NYSE:TUP) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same quarter in the previous year, the business earned $1.45 EPS. Tupperware Brands’s revenue for the quarter was down 2.0% compared to the same quarter last year. research analysts forecast that Tupperware Brands Co. will post 5.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.72 annualized dividend and a dividend yield of 5.34%. Tupperware Brands’s dividend payout ratio is presently -52.21%.

TUP has been the subject of several analyst reports. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Wednesday, December 13th. Morgan Stanley boosted their price objective on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Finally, KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.67.

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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.

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Institutional Ownership by Quarter for Tupperware Brands (NYSE:TUP)

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