Tupperware Brands Co. (TUP) Stake Increased by Stifel Financial Corp

Stifel Financial Corp grew its holdings in Tupperware Brands Co. (NYSE:TUP) by 40.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,148 shares of the company’s stock after buying an additional 6,367 shares during the quarter. Stifel Financial Corp’s holdings in Tupperware Brands were worth $1,075,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TUP. Teacher Retirement System of Texas increased its position in shares of Tupperware Brands by 317.8% in the fourth quarter. Teacher Retirement System of Texas now owns 17,505 shares of the company’s stock valued at $1,098,000 after buying an additional 13,315 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Tupperware Brands by 4.9% in the fourth quarter. California Public Employees Retirement System now owns 146,674 shares of the company’s stock valued at $9,196,000 after buying an additional 6,886 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Tupperware Brands by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 298,425 shares of the company’s stock valued at $18,711,000 after buying an additional 23,157 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Tupperware Brands by 10.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 140,043 shares of the company’s stock valued at $8,781,000 after buying an additional 12,879 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Tupperware Brands by 27.2% in the fourth quarter. Arizona State Retirement System now owns 36,627 shares of the company’s stock valued at $2,297,000 after buying an additional 7,822 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Shares of TUP opened at $41.08 on Friday. The company has a debt-to-equity ratio of -5.58, a current ratio of 0.96 and a quick ratio of 0.57. Tupperware Brands Co. has a one year low of $39.86 and a one year high of $71.23. The company has a market cap of $2.15 billion, a P/E ratio of 8.49, a PEG ratio of 0.76 and a beta of 1.51.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, April 25th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. Tupperware Brands had a positive return on equity of 401.48% and a negative net margin of 12.35%. The firm had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $542.62 million. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. equities analysts predict that Tupperware Brands Co. will post 4.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Wednesday, June 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Tuesday, June 19th. Tupperware Brands’s payout ratio is 56.20%.

A number of research firms have recently commented on TUP. Zacks Investment Research upgraded Tupperware Brands from a “strong sell” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, June 12th. ValuEngine cut Tupperware Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Morgan Stanley boosted their price target on Tupperware Brands from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 26th. Bank of America dropped their price target on Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, April 10th. Finally, Citigroup dropped their price target on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Tupperware Brands presently has an average rating of “Hold” and an average price target of $53.20.

In other Tupperware Brands news, Vice Chairman Simon C. Hemus sold 14,000 shares of the company’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $43.19, for a total value of $604,660.00. Following the completion of the sale, the insider now directly owns 25,307 shares in the company, valued at approximately $1,093,009.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David R. Parker bought 3,000 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was bought at an average price of $41.70 per share, with a total value of $125,100.00. Following the completion of the acquisition, the director now owns 24,039 shares in the company, valued at $1,002,426.30. The disclosure for this purchase can be found here. Insiders have purchased 10,320 shares of company stock valued at $441,278 over the last quarter. 3.42% of the stock is owned by company insiders.

About Tupperware Brands

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

Want to see what other hedge funds are holding TUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tupperware Brands Co. (NYSE:TUP).

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

Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply