Nisa Investment Advisors LLC trimmed its position in Tupperware Brands Co. (NYSE:TUP) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,140 shares of the company’s stock after selling 5,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Tupperware Brands were worth $1,890,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in TUP. Steward Partners Investment Advisory LLC acquired a new stake in Tupperware Brands in the third quarter worth about $102,000. Tower Research Capital LLC TRC acquired a new stake in Tupperware Brands in the second quarter worth about $121,000. Mckinley Capital Management LLC Delaware increased its position in Tupperware Brands by 1,157.7% in the third quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after purchasing an additional 2,246 shares during the period. Cetera Advisor Networks LLC acquired a new stake in Tupperware Brands in the third quarter worth about $201,000. Finally, Baker Avenue Asset Management LP acquired a new stake in Tupperware Brands in the second quarter worth about $203,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total transaction of $118,780.00. Following the transaction, the executive vice president now owns 10,765 shares in the company, valued at approximately $639,333.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the transaction, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock worth $3,010,776 in the last quarter. 3.22% of the stock is currently owned by company insiders.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands 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 business posted $0.87 EPS. Tupperware Brands’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts predict that Tupperware Brands Co. will post 4.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Tuesday, December 19th. Tupperware Brands’s dividend payout ratio (DPR) is presently 98.91%.
Several equities analysts have recently issued reports on TUP shares. Citigroup boosted their target price on Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Tupperware Brands in a research report on Thursday, October 12th. ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks restated a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Tupperware Brands currently has a consensus rating of “Hold” and a consensus target price of $68.83.
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Tupperware Brands 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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