AXA grew its stake in Tupperware Brands (NYSE:TUP) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,300 shares of the company’s stock after buying an additional 6,500 shares during the period. AXA owned approximately 0.17% of Tupperware Brands worth $5,411,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Tupperware Brands by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 416,352 shares of the company’s stock worth $26,105,000 after buying an additional 5,234 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Tupperware Brands by 0.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 811,743 shares of the company’s stock worth $50,896,000 after buying an additional 2,074 shares in the last quarter. Martingale Asset Management L P grew its stake in Tupperware Brands by 18.2% in the 4th quarter. Martingale Asset Management L P now owns 253,136 shares of the company’s stock worth $15,873,000 after buying an additional 39,030 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Tupperware Brands by 10.1% in the 4th quarter. OppenheimerFunds Inc. now owns 61,429 shares of the company’s stock worth $3,852,000 after buying an additional 5,642 shares in the last quarter. Finally, American International Group Inc. grew its stake in Tupperware Brands by 1.3% in the 4th quarter. American International Group Inc. now owns 105,423 shares of the company’s stock worth $6,610,000 after buying an additional 1,336 shares in the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.
Shares of TUP traded down $1.24 during mid-day trading on Friday, reaching $47.34. The company’s stock had a trading volume of 479,427 shares, compared to its average volume of 925,936. The firm has a market cap of $2,483.25, a price-to-earnings ratio of 9.78, a PEG ratio of 0.79 and a beta of 1.52. The company has a debt-to-equity ratio of -5.07, a quick ratio of 0.56 and a current ratio of 0.96. Tupperware Brands has a 52 week low of $46.00 and a 52 week high of $74.36.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.09. The firm had revenue of $588.60 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 EPS. equities research analysts predict that Tupperware Brands will post 5.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Tuesday, March 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a yield of 5.75%. Tupperware Brands’s dividend payout ratio is currently 56.20%.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley cut their price target on shares of Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday. Citigroup cut their price target on shares of Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, March 13th. Bank of America cut their price target on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a research note on Thursday, February 22nd. Finally, ValuEngine cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Tupperware Brands presently has a consensus rating of “Hold” and an average price target of $63.29.
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About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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