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.
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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.
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