Legal & General Group Plc Raises Stake in Tupperware Brands Co. (NYSE:TUP)

Legal & General Group Plc boosted its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,069 shares of the company’s stock after buying an additional 5,830 shares during the period. Legal & General Group Plc owned approximately 0.14% of Tupperware Brands worth $4,270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of Tupperware Brands by 143.0% in the 2nd 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. Teachers Advisors LLC increased its holdings in shares of Tupperware Brands by 439.0% in the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after purchasing an additional 226,091 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Tupperware Brands in the 2nd quarter worth $9,966,000. Thrivent Financial For Lutherans increased its holdings in shares of Tupperware Brands by 34.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock worth $37,439,000 after purchasing an additional 137,790 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Tupperware Brands in the 2nd quarter worth $9,235,000. 83.71% of the stock is owned by institutional investors.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total value of $118,780.00. Following the transaction, the executive vice president now directly owns 10,765 shares in the company, valued at $639,333.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the sale, the chairman now directly owns 54,059 shares in the company, valued at $3,203,536.34. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock worth $3,010,776 over the last 90 days. Company insiders own 3.14% of the company’s stock.

Tupperware Brands Co. (NYSE:TUP) traded up $0.81 during midday trading on Friday, reaching $64.90. The company had a trading volume of 525,110 shares, compared to its average volume of 375,411. The stock has a market capitalization of $3,260.00, a P/E ratio of 23.60, a PEG ratio of 1.03 and a beta of 1.75. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Tupperware Brands Co. has a 12 month low of $54.48 and a 12 month high of $74.36.

Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The company had revenue of $539.50 million for the quarter, compared to the consensus estimate of $538.80 million. During the same period in the previous year, the business earned $0.87 earnings per share. Tupperware Brands’s quarterly revenue was up 3.4% compared to the same quarter last year. sell-side analysts anticipate that Tupperware Brands Co. will post 4.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.19%. Tupperware Brands’s payout ratio is 98.91%.

TUP has been the subject of a number of research analyst reports. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Thursday, September 28th. Citigroup raised their price target on Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Tupperware Brands in a research note on Thursday, October 12th. Morgan Stanley raised their price target on Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.83.

ILLEGAL ACTIVITY WARNING: “Legal & General Group Plc Raises Stake in Tupperware Brands Co. (NYSE:TUP)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2018/01/13/legal-general-group-plc-boosts-stake-in-tupperware-brands-co-tup.html.

Tupperware Brands 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.

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

Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply