Principal Financial Group Inc. decreased its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 67.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 330,618 shares of the company’s stock after selling 681,030 shares during the period. Principal Financial Group Inc. owned 0.65% of Tupperware Brands worth $15,995,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. boosted 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 worth $107,000 after buying an additional 1,100 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Tupperware Brands during the 1st quarter worth about $123,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Tupperware Brands during the 1st quarter worth about $124,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $176,000 after buying an additional 915 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Tupperware Brands by 29.1% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,686 shares of the company’s stock worth $294,000 after buying an additional 1,056 shares during the period. 82.77% of the stock is owned by institutional investors and hedge funds.
In other Tupperware Brands news, VP Lillian D. Garcia acquired 2,320 shares of the company’s stock in a transaction on Thursday, April 19th. The stock was acquired at an average price of $43.18 per share, for a total transaction of $100,177.60. Following the purchase, the vice president now directly owns 11,659 shares of the company’s stock, valued at $503,435.62. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David R. Parker acquired 3,000 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was acquired at an average price of $41.70 per share, with a total value of $125,100.00. Following the purchase, the director now directly owns 24,039 shares in the company, valued at $1,002,426.30. The disclosure for this purchase can be found here. Insiders acquired a total of 10,320 shares of company stock valued at $441,278 in the last quarter. Corporate insiders own 3.42% of the company’s stock.
Shares of Tupperware Brands opened at $41.76 on Monday, Marketbeat.com reports. Tupperware Brands Co. has a twelve month low of $39.86 and a twelve month high of $71.23. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of -5.58. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.71 and a beta of 1.51.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Tupperware Brands had a negative net margin of 12.35% and a positive return on equity of 401.48%. The business had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $542.62 million. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s revenue was down 2.2% on a year-over-year basis. equities research analysts expect that Tupperware Brands Co. will post 4.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Wednesday, June 20th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 6.51%. The ex-dividend date is Tuesday, June 19th. Tupperware Brands’s dividend payout ratio (DPR) is 56.20%.
Several analysts recently commented on the stock. Citigroup reduced 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. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a report on Friday, April 6th. ValuEngine downgraded shares of Tupperware Brands from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Morgan Stanley reduced their target price on shares of Tupperware Brands from $60.00 to $47.00 and set an “equal weight” rating for the company in a report on Wednesday, April 11th. Finally, Bank of America reduced 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.20.
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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