Commonwealth Equity Services LLC grew its holdings in Tupperware Brands Co. (NYSE:TUP) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,254 shares of the company’s stock after purchasing an additional 1,797 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Tupperware Brands were worth $677,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Tupperware Brands by 23.8% in the second quarter. BlackRock Inc. now owns 6,906,507 shares of the company’s stock valued at $284,824,000 after purchasing an additional 1,326,438 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Tupperware Brands by 12.7% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,440,426 shares of the company’s stock valued at $59,403,000 after buying an additional 161,947 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Tupperware Brands by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,100,328 shares of the company’s stock valued at $45,377,000 after buying an additional 39,623 shares during the period. Vulcan Value Partners LLC lifted its stake in shares of Tupperware Brands by 110.9% during the second quarter. Vulcan Value Partners LLC now owns 991,383 shares of the company’s stock valued at $40,885,000 after buying an additional 521,386 shares during the period. Finally, LGT Capital Partners LTD. lifted its stake in shares of Tupperware Brands by 58.7% during the third quarter. LGT Capital Partners LTD. now owns 840,182 shares of the company’s stock valued at $28,104,000 after buying an additional 310,742 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.
Shares of TUP opened at $36.11 on Thursday. The company has a market cap of $1.84 billion, a P/E ratio of 7.46, a PEG ratio of 0.73 and a beta of 1.09. Tupperware Brands Co. has a 1 year low of $29.82 and a 1 year high of $66.26.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $485.80 million for the quarter, compared to the consensus estimate of $477.65 million. Tupperware Brands had a negative net margin of 8.73% and a negative return on equity of 145.79%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts forecast that Tupperware Brands Co. will post 4.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Wednesday, December 19th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date of this dividend is Tuesday, December 18th. Tupperware Brands’s dividend payout ratio is currently 56.20%.
Several equities analysts recently issued reports on the stock. Morgan Stanley set a $40.00 price objective on shares of Tupperware Brands and gave the company a “hold” rating in a research note on Friday, October 26th. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Citigroup reduced their price objective on shares of Tupperware Brands from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 17th. Finally, Bank of America reduced their price objective on shares of Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, October 4th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.
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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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