HPM Partners LLC raised its holdings in Tupperware Brands Corporation (NYSE:TUP) by 1,449.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,446 shares of the company’s stock after acquiring an additional 101,446 shares during the quarter. HPM Partners LLC owned 0.21% of Tupperware Brands Corporation worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its position in shares of Tupperware Brands Corporation by 15,657.3% in the first quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock worth $534,973,000 after purchasing an additional 8,475,428 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Tupperware Brands Corporation by 143.0% in the second quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after purchasing an additional 663,454 shares in the last quarter. WBI Investments Inc. acquired a new position in Tupperware Brands Corporation in the first quarter worth approximately $17,503,000. Thrivent Financial For Lutherans increased its holdings in Tupperware Brands Corporation by 215.8% in the first quarter. Thrivent Financial For Lutherans now owns 395,301 shares of the company’s stock worth $24,793,000 after buying an additional 270,111 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Tupperware Brands Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock worth $282,221,000 after buying an additional 218,186 shares during the last quarter. 86.33% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on TUP shares. ValuEngine cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet cut Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. BidaskClub cut Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Tupperware Brands Corporation presently has an average rating of “Hold” and a consensus target price of $71.33.
Shares of Tupperware Brands Corporation (NYSE TUP) opened at 59.69 on Friday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.30 and a beta of 1.62. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The stock has a 50 day moving average price of $58.54 and a 200-day moving average price of $65.31.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The firm had revenue of $572.90 million for the quarter, compared to the consensus estimate of $580.19 million. During the same quarter in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Tupperware Brands Corporation will post $4.70 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.56%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is 87.74%.
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In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total transaction of $120,980.00. Following the sale, the executive vice president now directly owns 16,765 shares in the company, valued at approximately $1,014,114.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 6,000 shares of company stock worth $379,400 in the last 90 days. 3.22% of the stock is currently owned by company insiders.
Tupperware Brands Corporation Company Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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