New York State Teachers Retirement System cut its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,048 shares of the company’s stock after selling 3,200 shares during the quarter. New York State Teachers Retirement System owned 0.17% of Tupperware Brands Corporation worth $5,258,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Intl Fcstone Inc. bought a new position in shares of Tupperware Brands Corporation during the second quarter worth approximately $496,000. Fox Run Management L.L.C. increased its holdings in shares of Tupperware Brands Corporation by 83.5% during the third quarter. Fox Run Management L.L.C. now owns 15,600 shares of the company’s stock worth $964,000 after purchasing an additional 7,100 shares during the period. James Investment Research Inc. bought a new position in shares of Tupperware Brands Corporation during the second quarter worth approximately $1,392,000. Sei Investments Co. increased its holdings in shares of Tupperware Brands Corporation by 15.0% during the second quarter. Sei Investments Co. now owns 47,064 shares of the company’s stock worth $3,304,000 after purchasing an additional 6,139 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Tupperware Brands Corporation by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock worth $58,910,000 after purchasing an additional 20,834 shares during the period. 85.35% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $65.00 price objective on shares of Tupperware Brands Corporation in a research note on Friday, October 27th. TheStreet raised shares of Tupperware Brands Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley lifted their price objective on shares of Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $68.33.
In other Tupperware Brands Corporation news, Chairman E V. Goings sold 44,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the sale, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $58.54, for a total transaction of $117,080.00. Following the completion of the sale, the executive vice president now owns 14,765 shares in the company, valued at approximately $864,343.10. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock worth $3,001,976 in the last 90 days. Company insiders own 3.22% of the company’s stock.
Tupperware Brands Corporation (TUP) opened at $58.83 on Friday. The stock has a market cap of $2,986.08, a P/E ratio of 12.48, a P/E/G ratio of 1.03 and a beta of 1.72. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.23%. The firm had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. During the same quarter last year, the business posted $0.87 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts anticipate that Tupperware Brands Corporation will post 4.75 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.62%. Tupperware Brands Corporation’s dividend payout ratio is currently 98.91%.
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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