LSV Asset Management increased its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 114,975 shares of the company’s stock after purchasing an additional 9,000 shares during the period. LSV Asset Management’s holdings in Tupperware Brands were worth $3,629,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. James Investment Research Inc. bought a new position in Tupperware Brands during the fourth quarter valued at $953,000. Quantamental Technologies LLC bought a new position in Tupperware Brands during the fourth quarter valued at $192,000. Advisors Asset Management Inc. lifted its position in Tupperware Brands by 51.5% during the fourth quarter. Advisors Asset Management Inc. now owns 330,961 shares of the company’s stock valued at $10,448,000 after purchasing an additional 112,457 shares during the last quarter. Moody National Bank Trust Division lifted its position in Tupperware Brands by 285.7% during the third quarter. Moody National Bank Trust Division now owns 29,700 shares of the company’s stock valued at $993,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Tupperware Brands during the third quarter valued at $421,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.
Several research firms have commented on TUP. Zacks Investment Research upgraded shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Morgan Stanley set a $40.00 price objective on shares of Tupperware Brands and gave the company a “hold” rating in a research report on Friday, October 26th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Tupperware Brands has an average rating of “Hold” and an average price target of $36.75.
In related news, Director Susan M. Cameron purchased 3,687 shares of Tupperware Brands stock in a transaction that occurred on Thursday, February 7th. The shares were bought at an average price of $27.08 per share, with a total value of $99,843.96. Following the purchase, the director now directly owns 25,156 shares of the company’s stock, valued at approximately $681,224.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kriss Cloninger III purchased 3,500 shares of Tupperware Brands stock in a transaction that occurred on Friday, February 1st. The stock was bought at an average cost of $27.32 per share, for a total transaction of $95,620.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,887 shares of company stock worth $295,068. Insiders own 3.42% of the company’s stock.
TUP stock opened at $30.90 on Thursday. Tupperware Brands Co. has a 52 week low of $26.22 and a 52 week high of $52.57. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.62 and a beta of 0.82.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, January 30th. The company reported $1.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.33. Tupperware Brands had a net margin of 7.53% and a negative return on equity of 113.34%. The business had revenue of $505.90 million during the quarter, compared to analyst estimates of $550.53 million. During the same quarter last year, the business earned $1.59 earnings per share. Tupperware Brands’s quarterly revenue was down 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Tupperware Brands Co. will post 4.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, March 19th. Tupperware Brands’s dividend payout ratio is currently 63.26%.
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Tupperware Brands Company 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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