Burney Co. trimmed its stake in Tupperware Brands Co. (NYSE:TUP) by 64.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,549 shares of the company’s stock after selling 13,694 shares during the period. Burney Co.’s holdings in Tupperware Brands were worth $311,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of TUP. BlackRock Inc. increased its position in shares of Tupperware Brands by 23.8% in the second quarter. BlackRock Inc. now owns 6,906,507 shares of the company’s stock worth $284,824,000 after purchasing an additional 1,326,438 shares during the last quarter. LGT Capital Partners LTD. bought a new position in shares of Tupperware Brands in the second quarter worth approximately $21,834,000. Millennium Management LLC increased its position in shares of Tupperware Brands by 241.1% in the first quarter. Millennium Management LLC now owns 543,101 shares of the company’s stock worth $26,275,000 after purchasing an additional 383,891 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Tupperware Brands by 104.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 654,336 shares of the company’s stock worth $26,985,000 after purchasing an additional 333,667 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of Tupperware Brands in the second quarter worth approximately $13,180,000. Institutional investors own 85.57% of the company’s stock.
Several research analysts recently weighed in on the stock. Argus cut shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut shares of Tupperware Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 18th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.20.
Shares of TUP opened at $32.03 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.63 and a beta of 1.36. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of -3.44. Tupperware Brands Co. has a 1 year low of $31.08 and a 1 year high of $66.26.
Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, July 25th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.05. The business had revenue of $535.40 million during the quarter, compared to analyst estimates of $548.69 million. Tupperware Brands had a negative return on equity of 576.26% and a negative net margin of 8.87%. Tupperware Brands’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. sell-side analysts anticipate that Tupperware Brands Co. will post 4.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Wednesday, September 19th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 8.49%. The ex-dividend date of this dividend is Tuesday, September 18th. Tupperware Brands’s dividend payout ratio is currently 56.20%.
Tupperware Brands Profile
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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