Vulcan Value Partners LLC Increases Stake in Tupperware Brands Co. (TUP)

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Vulcan Value Partners LLC lifted its position in Tupperware Brands Co. (NYSE:TUP) by 110.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 991,383 shares of the company’s stock after acquiring an additional 521,386 shares during the period. Vulcan Value Partners LLC owned 1.98% of Tupperware Brands worth $40,885,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TUP. BlackRock Inc. raised its position in shares of Tupperware Brands by 23.8% in the 2nd quarter. BlackRock Inc. now owns 6,906,507 shares of the company’s stock worth $284,824,000 after acquiring an additional 1,326,438 shares in the last quarter. LGT Capital Partners LTD. purchased a new stake in shares of Tupperware Brands in the 2nd quarter worth approximately $21,834,000. Millennium Management LLC grew its stake in shares of Tupperware Brands by 241.1% in the 1st quarter. Millennium Management LLC now owns 543,101 shares of the company’s stock worth $26,275,000 after buying an additional 383,891 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Tupperware Brands by 104.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 654,336 shares of the company’s stock worth $26,985,000 after buying an additional 333,667 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Tupperware Brands in the 2nd quarter worth approximately $13,180,000. 85.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Tupperware Brands stock traded up $0.16 during midday trading on Friday, hitting $31.86. The company had a trading volume of 2,534 shares, compared to its average volume of 689,874. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of -3.44. The company has a market capitalization of $1.60 billion, a P/E ratio of 6.58, a PEG ratio of 0.63 and a beta of 1.36. Tupperware Brands Co. has a 52-week low of $31.08 and a 52-week high of $66.26.

Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, July 25th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. Tupperware Brands had a negative return on equity of 576.26% and a negative net margin of 8.87%. The business had revenue of $535.40 million for the quarter, compared to the consensus estimate of $548.69 million. During the same period last year, the business posted $1.21 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. equities analysts expect that Tupperware Brands Co. will post 4.26 EPS for the current year.

The firm 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 dividend of $0.68 per share. The ex-dividend date is Tuesday, September 18th. This represents a $2.72 annualized dividend and a yield of 8.54%. Tupperware Brands’s dividend payout ratio is 56.20%.

TUP has been the topic of several recent research reports. Zacks Investment Research downgraded Tupperware Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 18th. Argus downgraded Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Tupperware Brands currently has an average rating of “Hold” and a consensus price target of $53.20.

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

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