Ceredex Value Advisors LLC Invests $1.04 Million in Tupperware Brands (TUP)

Ceredex Value Advisors LLC purchased a new stake in shares of Tupperware Brands (NYSE:TUP) during the first quarter, HoldingsChannel.com reports. The fund purchased 21,124 shares of the company’s stock, valued at approximately $1,036,000.

Several other institutional investors have also added to or reduced their stakes in TUP. Ffcm LLC raised its holdings in shares of Tupperware Brands by 1,021.1% during the 4th quarter. Ffcm LLC now owns 1,704 shares of the company’s stock valued at $107,000 after purchasing an additional 1,552 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Tupperware Brands by 183.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after purchasing an additional 1,100 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Tupperware Brands during the 1st quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tupperware Brands by 48.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after purchasing an additional 915 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Tupperware Brands during the 4th quarter valued at $177,000. Institutional investors and hedge funds own 83.76% of the company’s stock.

Shares of Tupperware Brands opened at $45.65 on Monday, according to Marketbeat. The firm has a market capitalization of $2.33 billion, a P/E ratio of 9.43, a PEG ratio of 0.82 and a beta of 1.53. Tupperware Brands has a one year low of $40.78 and a one year high of $73.61. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of -5.58.

Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, April 25th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $542.60 million for the quarter, compared to the consensus estimate of $542.62 million. Tupperware Brands had a negative net margin of 12.35% and a positive return on equity of 401.48%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. research analysts expect that Tupperware Brands will post 4.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Wednesday, June 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $2.72 annualized dividend and a yield of 5.96%. Tupperware Brands’s dividend payout ratio is 56.20%.

TUP has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. SunTrust Banks dropped their target price on shares of Tupperware Brands to $64.00 and set a “hold” rating on the stock in a report on Thursday, February 1st. Morgan Stanley dropped their target price on shares of Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. ValuEngine downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Bank of America dropped their target price on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a report on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $61.83.

In related news, Director David R. Parker purchased 3,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The shares were bought at an average cost of $41.70 per share, for a total transaction of $125,100.00. Following the transaction, the director now directly owns 24,039 shares of the company’s stock, valued at approximately $1,002,426.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Simon C. Hemus sold 14,000 shares of the firm’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $43.19, for a total transaction of $604,660.00. Following the completion of the sale, the insider now owns 25,307 shares in the company, valued at $1,093,009.33. The disclosure for this sale can be found here. Insiders acquired a total of 10,320 shares of company stock worth $441,278 over the last 90 days. Company insiders own 3.42% of the company’s stock.

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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Institutional Ownership by Quarter for Tupperware Brands (NYSE:TUP)

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