Deutsche Bank AG lessened its stake in shares of Tupperware Brands (NYSE:TUP) by 12.8% in the 4th quarter, HoldingsChannel reports. The fund owned 115,329 shares of the company’s stock after selling 16,967 shares during the period. Deutsche Bank AG’s holdings in Tupperware Brands were worth $7,228,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tupperware Brands by 48.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock worth $176,000 after buying an additional 915 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its stake in Tupperware Brands by 3.9% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 26,860 shares of the company’s stock worth $1,684,000 after buying an additional 1,015 shares in the last quarter. Vident Investment Advisory LLC raised its stake in Tupperware Brands by 22.9% in the third quarter. Vident Investment Advisory LLC now owns 6,849 shares of the company’s stock worth $423,000 after buying an additional 1,277 shares in the last quarter. American International Group Inc. raised its stake in Tupperware Brands by 1.3% in the fourth 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. Finally, Cove Street Capital LLC raised its stake in Tupperware Brands by 0.5% in the fourth quarter. Cove Street Capital LLC now owns 278,521 shares of the company’s stock worth $17,463,000 after buying an additional 1,340 shares in the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.
TUP has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, December 13th. Morgan Stanley reduced their price objective on shares of 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. Bank of America reduced their price objective 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. ValuEngine downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks reduced their price objective on shares of Tupperware Brands to $64.00 and set a “hold” rating for the company in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, six have given 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 a consensus target price of $63.29.
NYSE TUP opened at $47.34 on Friday. 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 12-month low of $46.00 and a 12-month high of $74.36. The firm has a market capitalization of $2,483.25, a price-to-earnings ratio of 9.78, a PEG ratio of 0.79 and a beta of 1.52.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The business had revenue of $588.60 million for the quarter, compared to analyst estimates of $601.99 million. During the same period in the previous year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. sell-side analysts anticipate that Tupperware Brands will post 5.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date was Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.
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Tupperware Brands Company 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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