Aperio Group LLC decreased its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 26.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,290 shares of the company’s stock after selling 22,228 shares during the quarter. Aperio Group LLC owned about 0.12% of Tupperware Brands Corporation worth $3,727,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TUP. Principal Financial Group Inc. increased its holdings in shares of Tupperware Brands Corporation by 143.0% during the second quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after acquiring an additional 663,454 shares in the last quarter. Teachers Advisors LLC grew its holdings in Tupperware Brands Corporation by 439.0% during the second quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after buying an additional 226,091 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Tupperware Brands Corporation during the second quarter worth $9,966,000. Thrivent Financial For Lutherans grew its holdings in Tupperware Brands Corporation by 34.9% during the second quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock worth $37,439,000 after buying an additional 137,790 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in Tupperware Brands Corporation during the second quarter worth $9,235,000. Hedge funds and other institutional investors own 85.35% of the company’s stock.
Several equities research analysts recently issued reports on TUP shares. Zacks Investment Research upgraded Tupperware Brands Corporation from a “sell” rating to a “buy” rating and set a $77.00 price target for the company in a report on Thursday, July 13th. BidaskClub downgraded Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. TheStreet downgraded Tupperware Brands Corporation from a “b-” rating to a “c” rating in a report on Thursday, August 10th. ValuEngine downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup Inc. upped their price target on Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $68.33.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.56, for a total value of $123,120.00. Following the transaction, the executive vice president now owns 12,765 shares of the company’s stock, valued at $785,813.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. In the last three months, insiders sold 50,600 shares of company stock worth $3,001,976. Insiders own 3.22% of the company’s stock.
Tupperware Brands Corporation (NYSE:TUP) opened at $58.68 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands Corporation has a 1 year low of $52.32 and a 1 year high of $74.36. The firm has a market capitalization of $2,992.18, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.72.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The business had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. equities analysts expect that Tupperware Brands Corporation will post 4.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a $0.68 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 annualized dividend and a yield of 4.64%. Tupperware Brands Corporation’s dividend payout ratio is currently 98.91%.
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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