Millennium Management LLC lifted its position in shares of Tupperware Brands (NYSE:TUP) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,210 shares of the company’s stock after purchasing an additional 4,489 shares during the period. Millennium Management LLC owned 0.31% of Tupperware Brands worth $9,982,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 11,710 shares during the period. BlackRock Inc. boosted its holdings in shares of 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 purchasing an additional 110,580 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Tupperware Brands by 4.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 76,789 shares of the company’s stock worth $4,815,000 after purchasing an additional 3,276 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Tupperware Brands by 24.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 846,881 shares of the company’s stock worth $53,099,000 after purchasing an additional 168,535 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 24,663 shares during the period. Institutional investors own 84.85% of the company’s stock.
Shares of TUP opened at $47.34 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of -5.07. Tupperware Brands has a one year low of $46.00 and a one year high of $74.36. The stock has a market capitalization of $2,419.88, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.77 and a beta of 1.52.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 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 during the quarter, compared to analyst estimates of $601.99 million. During the same period last year, the business posted $1.45 earnings per share. Tupperware Brands’s quarterly revenue was down 2.0% compared to the same quarter last year. sell-side analysts predict that Tupperware Brands will post 5.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were issued a $0.68 dividend. The ex-dividend date was Monday, March 19th. This represents a $2.72 annualized dividend and a yield of 5.75%. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.
A number of research firms have recently weighed in on TUP. Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley dropped their target price on shares of Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday. SunTrust Banks dropped their target price on shares of Tupperware Brands to $64.00 and set a “hold” rating for the company in a report on Thursday, February 1st. Citigroup dropped their target price on shares of Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, March 13th. Finally, Bank of America dropped their target price on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Tupperware Brands has an average rating of “Hold” and an average target price of $63.29.
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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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