High Falls Advisors Inc lessened its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 61.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,250 shares of the company’s stock after selling 5,277 shares during the quarter. High Falls Advisors Inc’s holdings in Tupperware Brands Corporation were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in TUP. BlackRock Inc. grew its holdings in shares of Tupperware Brands Corporation by 15,657.3% during the 1st quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock worth $534,973,000 after purchasing an additional 8,475,428 shares in the last quarter. Principal Financial Group Inc. boosted its stake in 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 valued at $79,167,000 after buying an additional 663,454 shares in the last quarter. Teachers Advisors LLC boosted its stake in Tupperware Brands Corporation by 439.0% in the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock valued at $19,496,000 after buying an additional 226,091 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tupperware Brands Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after buying an additional 218,186 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Tupperware Brands Corporation in the 2nd quarter valued at $9,966,000. 84.98% of the stock is currently owned by institutional investors.
Shares of Tupperware Brands Corporation (NYSE TUP) traded down 0.66% during mid-day trading on Friday, reaching $61.43. The company had a trading volume of 59,045 shares. The stock has a market capitalization of $3.13 billion, a P/E ratio of 19.87 and a beta of 1.64. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. The firm’s 50 day moving average is $59.60 and its 200-day moving average is $65.28.
Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million for the quarter, compared to the consensus estimate of $580.19 million. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. On average, analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio is presently 87.74%.
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Several analysts recently commented on TUP shares. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. BidaskClub lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. boosted their price target on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, TheStreet lowered Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.25.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total value of $120,980.00. Following the sale, the executive vice president now owns 16,765 shares of the company’s stock, valued at approximately $1,014,114.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 6,000 shares of company stock worth $361,180. Company insiders own 3.22% of the company’s stock.
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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