Tupperware Brands Corporation (TUP) Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,135,842 shares of the company’s stock after purchasing an additional 8,594 shares during the period. Principal Financial Group Inc. owned about 2.23% of Tupperware Brands Corporation worth $70,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Tupperware Brands Corporation by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 917,346 shares of the company’s stock valued at $64,424,000 after acquiring an additional 16,545 shares during the period. Bank of New York Mellon Corp raised its stake in Tupperware Brands Corporation by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock valued at $58,910,000 after acquiring an additional 20,834 shares during the period. Thrivent Financial For Lutherans raised its stake in Tupperware Brands Corporation by 34.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock valued at $37,439,000 after acquiring an additional 137,790 shares during the period. Goldman Sachs Group Inc. raised its stake in Tupperware Brands Corporation by 17.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 520,669 shares of the company’s stock valued at $36,567,000 after acquiring an additional 78,961 shares during the period. Finally, Chicago Equity Partners LLC raised its stake in Tupperware Brands Corporation by 13.4% in the 2nd quarter. Chicago Equity Partners LLC now owns 379,095 shares of the company’s stock valued at $26,624,000 after acquiring an additional 44,715 shares during the period. Institutional investors own 85.39% of the company’s stock.

TUP has been the topic of a number of research reports. TheStreet upgraded Tupperware Brands Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, September 28th. Morgan Stanley boosted their price objective on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, BidaskClub cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Tupperware Brands Corporation presently has an average rating of “Hold” and a consensus price target of $68.33.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’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 transaction, the executive vice president now owns 14,765 shares of the company’s stock, valued at $864,343.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated 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 transaction, the chairman now directly owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. Insiders have sold 50,600 shares of company stock valued at $3,001,976 in the last three months. 3.14% of the stock is owned by insiders.

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Shares of Tupperware Brands Corporation (NYSE:TUP) opened at $59.01 on Tuesday. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36. The firm has a market capitalization of $2,993.71, a PE ratio of 12.52, a PEG ratio of 1.03 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.52 and a debt-to-equity ratio of 2.56.

Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings results 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 Corporation had a return on equity of 101.23% and a net margin of 6.18%. The firm had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. sell-side analysts predict that Tupperware Brands Corporation will post 4.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Tuesday, December 19th. Tupperware Brands Corporation’s dividend payout ratio is presently 98.91%.

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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Institutional Ownership by Quarter for Tupperware Brands Corporation (NYSE:TUP)

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