Ellington Management Group LLC increased its holdings in shares of Tupperware Brands Co. (NYSE:TUP) by 47.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,200 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Ellington Management Group LLC’s holdings in Tupperware Brands were worth $389,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Tupperware Brands by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock worth $57,433,000 after acquiring an additional 11,710 shares in the last quarter. BlackRock Inc. boosted its stake 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Tupperware Brands by 9.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 279,481 shares of the company’s stock worth $17,524,000 after acquiring an additional 24,663 shares in the last quarter. Swiss National Bank boosted its stake in Tupperware Brands by 2.2% during the fourth quarter. Swiss National Bank now owns 86,700 shares of the company’s stock worth $5,436,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Tupperware Brands during the fourth quarter worth about $10,262,000. 85.01% of the stock is currently owned by institutional investors and hedge funds.
Tupperware Brands Co. (NYSE:TUP) opened at $49.11 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of -5.07. The stock has a market cap of $2,475.58, a PE ratio of -9.43, a price-to-earnings-growth ratio of 0.78 and a beta of 1.57. Tupperware Brands Co. has a twelve month low of $47.66 and a twelve month high of $74.36.
Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the 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 160.65%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. sell-side analysts predict that Tupperware Brands Co. will post 5.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be issued a $0.68 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.72 annualized dividend and a yield of 5.54%. Tupperware Brands’s dividend payout ratio (DPR) is presently -52.21%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands 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 transaction, the executive vice president now directly owns 6,765 shares of the company’s stock, valued at $422,338.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.22% of the stock is currently owned by insiders.
Several research firms recently commented on TUP. Zacks Investment Research lowered shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. SunTrust Banks dropped their price objective on shares of Tupperware Brands to $64.00 and set a “hold” rating on the stock in a research note on Thursday, February 1st. Finally, Morgan Stanley dropped their price objective on shares of Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.14.
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About Tupperware Brands
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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