UBS Asset Management Americas Inc. raised its stake in Tupperware Brands Corporation (NYSE:TUP) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,776 shares of the company’s stock after acquiring an additional 3,866 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.11% of Tupperware Brands Corporation worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC acquired a new stake in Tupperware Brands Corporation in the 1st quarter valued at about $110,000. Ffcm LLC increased its position in Tupperware Brands Corporation by 146.1% in the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after acquiring an additional 1,096 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tupperware Brands Corporation by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after acquiring an additional 167 shares in the last quarter. Mascoma Wealth Management LLC increased its position in Tupperware Brands Corporation by 5,000.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock valued at $150,000 after acquiring an additional 2,100 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in Tupperware Brands Corporation by 17.1% in the 1st quarter. IHT Wealth Management LLC now owns 2,712 shares of the company’s stock valued at $168,000 after acquiring an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 84.98% of the company’s stock.
Tupperware Brands Corporation (NYSE:TUP) opened at 61.46 on Wednesday. The company’s 50-day moving average is $59.32 and its 200 day moving average is $65.33. Tupperware Brands Corporation has a 1-year low of $52.32 and a 1-year high of $74.36. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 19.88 and a beta of 1.64.
Tupperware Brands Corporation (NYSE:TUP) last announced its earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $572.90 million for the quarter, compared to analysts’ expectations of $580.19 million. During the same period in the prior year, the business posted $1.16 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 20th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.43%. The ex-dividend date was Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is presently 87.74%.
Several research analysts have recently issued reports on TUP shares. TheStreet lowered shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, September 28th. BidaskClub lowered shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Citigroup Inc. raised their target price on shares of 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, ValuEngine lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.25.
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In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred 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 directly owns 16,765 shares in the company, valued at $1,014,114.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 6,000 shares of company stock worth $361,180 over the last quarter. 3.14% of the stock is currently owned by company insiders.
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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