Oppenheimer Asset Management Inc. reduced its position in Tupperware Brands Corporation (NYSE:TUP) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,814 shares of the company’s stock after selling 261 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Tupperware Brands Corporation were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hikari Power Ltd purchased a new position in shares of Tupperware Brands Corporation in the 2nd quarter worth $220,000. Artemis Investment Management LLP purchased a new position in shares of Tupperware Brands Corporation in the 2nd quarter worth $9,966,000. Swiss National Bank raised its position in shares of Tupperware Brands Corporation by 1.4% in the 2nd quarter. Swiss National Bank now owns 84,800 shares of the company’s stock worth $5,956,000 after buying an additional 1,200 shares during the period. Chicago Equity Partners LLC raised its position in shares of Tupperware Brands Corporation by 13.4% in the 2nd quarter. Chicago Equity Partners LLC now owns 379,095 shares of the company’s stock worth $26,624,000 after buying an additional 44,715 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Tupperware Brands Corporation by 143.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after buying an additional 663,454 shares during the period. 86.32% of the stock is currently owned by institutional investors and hedge funds.
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TUP has been the topic of several research reports. Sidoti increased their target price on Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, BidaskClub lowered Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $71.33.
Tupperware Brands Corporation (NYSE TUP) opened at 58.04 on Friday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 18.77 and a beta of 1.62. The firm has a 50-day moving average price of $59.55 and a 200 day moving average price of $65.32. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. Tupperware Brands Corporation’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. On average, equities research analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 20th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio is presently 87.74%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total value of $120,980.00. Following the completion of the sale, the executive vice president now directly owns 16,765 shares in the company, valued at $1,014,114.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 6,000 shares of company stock valued at $379,400 over the last quarter. 3.22% of the stock is currently owned by corporate insiders.
Tupperware Brands Corporation Company Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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