Fort L.P. acquired a new position in Tupperware Brands (NYSE:TUP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,586 shares of the company’s stock, valued at approximately $802,000.
Several other institutional investors also recently made changes to their positions in TUP. Bank of Montreal Can grew its stake in shares of Tupperware Brands by 26.2% in the fourth quarter. Bank of Montreal Can now owns 17,637 shares of the company’s stock worth $1,106,000 after acquiring an additional 3,659 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Tupperware Brands by 8.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 30,210 shares of the company’s stock worth $1,894,000 after acquiring an additional 2,429 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Tupperware Brands by 9.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 279,481 shares of the company’s stock worth $17,524,000 after acquiring an additional 24,663 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Tupperware Brands by 84.7% in the fourth quarter. State of Alaska Department of Revenue now owns 8,070 shares of the company’s stock worth $504,000 after purchasing an additional 3,700 shares during the period. Finally, James Investment Research Inc. bought a new position in Tupperware Brands in the fourth quarter worth $1,831,000. Institutional investors and hedge funds own 82.47% of the company’s stock.
Several research analysts recently commented on the company. Zacks Investment Research cut Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Friday, April 6th. Morgan Stanley reduced their target price on Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, April 5th. ValuEngine cut Tupperware Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. SunTrust Banks reduced their target price on Tupperware Brands to $64.00 and set a “hold” rating for the company in a research report on Thursday, February 1st. Finally, Bank of America reduced their target price 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. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.83.
In related news, Director David R. Parker acquired 3,000 shares of the business’s stock in a transaction on Thursday, April 12th. The stock was bought at an average cost 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Simon C. Hemus sold 14,000 shares of Tupperware Brands stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $43.19, for a total value of $604,660.00. Following the transaction, the insider now directly owns 25,307 shares of the company’s stock, valued at $1,093,009.33. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 10,320 shares of company stock valued at $441,278. Company insiders own 3.42% of the company’s stock.
Shares of Tupperware Brands opened at $45.80 on Tuesday, Marketbeat reports. The firm has a market capitalization of $2.33 billion, a P/E ratio of 9.46, a PEG ratio of 0.81 and a beta of 1.53. Tupperware Brands has a one year low of $40.78 and a one year high of $73.61. 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 (NYSE:TUP) last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.03. The company had revenue of $542.60 million during the quarter, compared to analysts’ expectations of $542.62 million. Tupperware Brands had a positive return on equity of 401.48% and a negative net margin of 12.35%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. sell-side analysts predict that Tupperware Brands will post 4.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Wednesday, June 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.94%. Tupperware Brands’s payout ratio is presently 56.20%.
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.
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