Ellington Management Group LLC raised its position in shares of Tupperware Brands (NYSE:TUP) by 47.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,200 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Ellington Management Group LLC’s holdings in Tupperware Brands were worth $389,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of TUP. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Tupperware Brands by 7.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,914 shares of the company’s stock valued at $3,395,000 after acquiring an additional 3,922 shares in the last quarter. Sei Investments Co. increased its holdings in Tupperware Brands by 19.2% in the 3rd quarter. Sei Investments Co. now owns 56,077 shares of the company’s stock worth $3,467,000 after buying an additional 9,013 shares during the period. New York State Common Retirement Fund increased its holdings in Tupperware Brands by 5.3% in the 3rd quarter. New York State Common Retirement Fund now owns 138,020 shares of the company’s stock worth $8,532,000 after buying an additional 7,000 shares during the period. Bank of New York Mellon Corp increased its holdings in Tupperware Brands by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 846,231 shares of the company’s stock worth $52,314,000 after buying an additional 7,401 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Tupperware Brands by 6.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 67,072 shares of the company’s stock worth $4,146,000 after buying an additional 3,791 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.
Several research firms have commented on TUP. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Friday, January 12th. ValuEngine lowered Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup decreased their price objective on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, March 13th. Morgan Stanley cut their target price on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Finally, Bank of America cut their target price on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $63.29.
NYSE TUP traded down $1.24 during trading on Friday, hitting $47.34. The stock had a trading volume of 479,427 shares, compared to its average volume of 925,936. The company has a market cap of $2,419.88, a P/E ratio of 9.78, a P/E/G ratio of 0.77 and a beta of 1.52. The company has a debt-to-equity ratio of -5.07, a current ratio of 0.96 and a quick ratio of 0.56. Tupperware Brands has a twelve month low of $46.00 and a twelve month 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 (EPS) for the quarter, beating 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 positive return on equity of 160.65% and a negative net margin of 11.77%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. analysts anticipate that Tupperware Brands will post 5.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Tuesday, March 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend was Monday, March 19th. Tupperware Brands’s payout ratio is 56.20%.
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Tupperware Brands Profile
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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