Legal & General Group Plc lifted its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 14.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,239 shares of the company’s stock after buying an additional 7,841 shares during the period. Legal & General Group Plc owned about 0.13% of Tupperware Brands Corporation worth $4,441,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Founders Capital Management acquired a new position in shares of Tupperware Brands Corporation during the 1st quarter worth about $110,000. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tupperware Brands Corporation during the 1st quarter worth about $110,000. Mascoma Wealth Management LLC boosted its stake in shares of Tupperware Brands Corporation by 5,000.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock worth $150,000 after buying an additional 2,100 shares during the last quarter. AT Bancorp acquired a new position in shares of Tupperware Brands Corporation during the 2nd quarter worth about $179,000. Finally, IHT Wealth Management LLC boosted its stake in shares of Tupperware Brands Corporation by 17.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,712 shares of the company’s stock worth $168,000 after buying an additional 396 shares during the last quarter. Institutional investors own 86.33% of the company’s stock.
A number of research firms have recently commented on TUP. ValuEngine downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet downgraded shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. BidaskClub downgraded shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Tupperware Brands Corporation has a consensus rating of “Hold” and a consensus target price of $71.33.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $58.54, for a total transaction of $117,080.00. Following the completion of the sale, the executive vice president now directly owns 14,765 shares of the company’s stock, valued at $864,343.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 6,000 shares of company stock valued at $379,400. 3.14% of the stock is currently owned by insiders.
Tupperware Brands Corporation (TUP) opened at 58.83 on Tuesday. Tupperware Brands Corporation has a 1-year low of $52.32 and a 1-year high of $74.36. The stock’s 50 day moving average is $59.27 and its 200-day moving average is $65.46. The firm has a market capitalization of $2.99 billion, a P/E ratio of 19.03 and a beta of 1.62.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $572.90 million during the quarter, compared to the consensus estimate of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. Analysts forecast that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is presently 87.74%.
About Tupperware Brands Corporation
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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