Martingale Asset Management L P boosted its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 18.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 253,136 shares of the company’s stock after acquiring an additional 39,030 shares during the period. Martingale Asset Management L P owned about 0.50% of Tupperware Brands worth $15,873,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TUP. Huber Capital Management LLC raised its position in Tupperware Brands by 44.3% during the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after acquiring an additional 277,660 shares during the period. Assenagon Asset Management S.A. acquired a new position in Tupperware Brands during the fourth quarter worth $10,262,000. Bank of New York Mellon Corp raised its position in Tupperware Brands by 15.4% during the fourth quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock worth $61,216,000 after acquiring an additional 130,092 shares during the period. BlackRock Inc. raised its position in Tupperware Brands by 1.4% during the fourth quarter. BlackRock Inc. now owns 8,212,037 shares of the company’s stock worth $514,894,000 after acquiring an additional 110,580 shares during the period. Finally, Strs Ohio acquired a new position in Tupperware Brands during the third quarter worth $6,182,000. Institutional investors own 83.69% of the company’s stock.
Shares of Tupperware Brands Co. (NYSE:TUP) opened at $51.58 on Friday. The company has a market cap of $2,578.47, a PE ratio of 10.47, a PEG ratio of 0.82 and a beta of 1.49. The company has a debt-to-equity ratio of -5.19, a current ratio of 1.06 and a quick ratio of 0.52. Tupperware Brands Co. has a 12-month low of $49.04 and a 12-month high of $74.36.
Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.09. The business had revenue of $588.60 million during the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. sell-side analysts anticipate that Tupperware Brands Co. will post 5.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is -52.21%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were 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 owns 6,765 shares of the company’s stock, valued at $422,338.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.22% of the company’s stock.
A number of research firms have weighed in on TUP. KeyCorp restated a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Zacks Investment Research upgraded shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. ValuEngine cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks reduced their target price on shares of Tupperware Brands to $64.00 and set a “hold” rating for the company in a research report on Thursday, February 1st. Finally, Morgan Stanley reduced their target price on shares of Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Tupperware Brands currently has a consensus rating of “Hold” and an average price target of $65.86.
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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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