Axa lifted its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 56.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,600 shares of the company’s stock after acquiring an additional 17,200 shares during the quarter. Axa owned 0.09% of Tupperware Brands Corporation worth $3,343,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Tupperware Brands Corporation during the first quarter worth about $110,000. Ffcm LLC increased its position in shares of Tupperware Brands Corporation by 146.1% during the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after acquiring an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tupperware Brands Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after acquiring an additional 167 shares during the last quarter. Mascoma Wealth Management LLC increased its position in shares of Tupperware Brands Corporation by 5,000.0% during the second quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock worth $150,000 after acquiring an additional 2,100 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Tupperware Brands Corporation by 17.1% during the first quarter. IHT Wealth Management LLC now owns 2,712 shares of the company’s stock worth $168,000 after acquiring an additional 396 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 6,000 shares of company stock valued at $379,400 over the last 90 days. Corporate insiders own 3.14% of the company’s stock.
Shares of Tupperware Brands Corporation (NYSE:TUP) opened at 59.18 on Tuesday. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 19.14 and a beta of 1.62. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36. The company has a 50-day moving average price of $58.50 and a 200 day moving average price of $65.36.
Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The company had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. During the same period in the prior year, the company earned $1.16 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio (DPR) is 87.74%.
A number of analysts have recently issued reports on the company. TheStreet lowered Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. BidaskClub lowered Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Sidoti lifted 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. Finally, ValuEngine lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.33.
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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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