Jane Street Group LLC lessened its stake in Tupperware Brands (NYSE:TUP) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,232 shares of the company’s stock after selling 988 shares during the quarter. Jane Street Group LLC’s holdings in Tupperware Brands were worth $203,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of TUP. Goldman Sachs Group Inc. raised its holdings in Tupperware Brands by 24.8% in the 4th 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. Assenagon Asset Management S.A. acquired a new position in Tupperware Brands in the 4th quarter worth about $10,262,000. Bank of New York Mellon Corp raised its holdings in Tupperware Brands by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock worth $61,216,000 after purchasing an additional 130,092 shares during the period. Renaissance Technologies LLC acquired a new position in Tupperware Brands in the 4th quarter worth about $7,455,000. Finally, BlackRock Inc. raised its holdings in Tupperware Brands by 1.4% in the 4th 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. 84.86% of the stock is owned by institutional investors and hedge funds.
NYSE:TUP opened at $41.69 on Friday. Tupperware Brands has a 12 month low of $40.78 and a 12 month high of $74.36. 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 company has a market cap of $2,186.26, a price-to-earnings ratio of 8.61, a PEG ratio of 0.77 and a beta of 1.52.
Tupperware Brands (NYSE:TUP) last posted 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 positive return on equity of 160.65% and a negative net margin of 11.77%. The company had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same period in the previous year, the business earned $1.45 EPS. Tupperware Brands’s quarterly revenue was down 2.0% on a year-over-year basis. equities research analysts forecast that Tupperware Brands will post 4.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.52%. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.
Several research firms have commented on TUP. Bank of America cut their price objective on Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, April 10th. SunTrust Banks cut their price objective on Tupperware Brands to $64.00 and set a “hold” rating for the company in a research note on Thursday, February 1st. Zacks Investment Research lowered Tupperware Brands from a “buy” rating to a “sell” rating in a research note on Wednesday, December 27th. Morgan Stanley cut their price objective on Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, April 5th. Finally, ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $60.29.
In related news, VP Lillian D. Garcia purchased 2,320 shares of the company’s stock in a transaction dated Thursday, April 19th. The stock was acquired at an average cost of $43.18 per share, for a total transaction of $100,177.60. Following the completion of the transaction, the vice president now directly owns 11,659 shares of the company’s stock, valued at $503,435.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Simon C. Hemus sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $43.19, for a total value of $604,660.00. Following the completion of the sale, the insider now owns 25,307 shares of the company’s stock, valued at $1,093,009.33. The disclosure for this sale can be found here. 3.42% of the stock is owned by corporate insiders.
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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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