Pacad Investment Ltd. reduced its position in Tupperware Brands Corporation (NYSE:TUP) by 33.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the company’s stock after selling 1,873 shares during the period. Pacad Investment Ltd.’s holdings in Tupperware Brands Corporation were worth $267,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. James Investment Research Inc. acquired a new position in shares of Tupperware Brands Corporation in the 2nd quarter valued at about $1,392,000. American International Group Inc. lifted its stake in shares of Tupperware Brands Corporation by 3.3% in the 1st quarter. American International Group Inc. now owns 118,307 shares of the company’s stock valued at $7,420,000 after purchasing an additional 3,834 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Tupperware Brands Corporation by 15.0% in the 2nd quarter. Sei Investments Co. now owns 47,064 shares of the company’s stock valued at $3,304,000 after purchasing an additional 6,139 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Tupperware Brands Corporation by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the company’s stock valued at $927,000 after purchasing an additional 400 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Tupperware Brands Corporation by 54.1% in the 1st quarter. Nuveen Asset Management LLC now owns 31,666 shares of the company’s stock valued at $1,986,000 after purchasing an additional 11,111 shares in the last quarter. 86.33% of the stock is currently owned by institutional investors and hedge funds.
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Tupperware Brands Corporation (NYSE:TUP) opened at 58.04 on Monday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 18.77 and a beta of 1.62. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36. The company’s 50-day moving average price is $59.55 and its 200 day moving average price is $65.32.
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, topping the consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The company had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same period in the prior year, the firm posted $1.16 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Tupperware Brands Corporation will post $4.70 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.69%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is currently 87.74%.
Several research firms have recently weighed in on TUP. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, May 30th. Sidoti lifted their price objective on Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. BidaskClub lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet lowered Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently 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 company’s stock in a transaction dated Friday, September 1st. The stock was 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 owns 14,765 shares in the company, valued at approximately $864,343.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 6,000 shares of company stock worth $379,400. Insiders own 3.14% of the company’s stock.
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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