Eagle Asset Management Inc. decreased its holdings in shares of Tupperware Brands (NYSE:TUP) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 441,484 shares of the company’s stock after selling 32,000 shares during the period. Eagle Asset Management Inc.’s holdings in Tupperware Brands were worth $21,358,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ffcm LLC raised its holdings in Tupperware Brands by 1,021.1% during the fourth quarter. Ffcm LLC now owns 1,704 shares of the company’s stock worth $107,000 after buying an additional 1,552 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Tupperware Brands by 183.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock worth $107,000 after buying an additional 1,100 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Tupperware Brands during the first quarter worth $124,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tupperware Brands by 48.4% during 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 during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in Tupperware Brands during the fourth quarter worth $177,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Several research firms have weighed in on TUP. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a report on Friday, April 6th. Morgan Stanley lowered their price objective on shares of Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, April 5th. ValuEngine downgraded shares of Tupperware Brands from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. SunTrust Banks lowered 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. Finally, Bank of America lowered their target price on shares of Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, April 10th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.60.
Shares of TUP stock opened at $45.02 on Wednesday. The stock has a market capitalization of $2.34 billion, a PE ratio of 9.30, a PEG ratio of 0.81 and a beta of 1.53. The company has a debt-to-equity ratio of -5.58, a current ratio of 0.96 and a quick ratio of 0.57. Tupperware Brands has a one year low of $40.78 and a one year high of $73.61.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, April 25th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The company had revenue of $542.60 million during 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 firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 earnings per share. equities research analysts anticipate that Tupperware Brands will post 4.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Wednesday, June 20th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, June 19th. This represents a $2.72 annualized dividend and a dividend yield of 6.04%. Tupperware Brands’s dividend payout ratio is currently 56.20%.
In related news, Vice Chairman Simon C. Hemus sold 14,000 shares of the stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $43.19, for a total transaction of $604,660.00. Following the completion of the transaction, the insider now owns 25,307 shares in the company, valued at $1,093,009.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David R. Parker purchased 3,000 shares of Tupperware Brands stock in a transaction that occurred on Thursday, April 12th. The shares were bought at an average price of $41.70 per share, with a total value of $125,100.00. Following the transaction, the director now owns 24,039 shares of the company’s stock, valued at approximately $1,002,426.30. The disclosure for this purchase can be found here. In the last quarter, insiders bought 10,320 shares of company stock valued at $441,278. 3.42% of the stock is currently owned by corporate insiders.
About Tupperware Brands
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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