Mason Street Advisors LLC Buys New Position in Tupperware Brands Corp. (TUP)
Mason Street Advisors LLC bought a new stake in Tupperware Brands Corp. (NYSE:TUP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,031 shares of the company’s stock, valued at approximately $1,296,000.
A number of other hedge funds and other institutional investors have also modified their holdings of TUP. BlackRock Japan Co. Ltd boosted its stake in Tupperware Brands Corp. by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 2,021 shares of the company’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Tupperware Brands Corp. by 132.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,630 shares of the company’s stock worth $148,000 after buying an additional 1,500 shares in the last quarter. Tompkins Financial Corp boosted its stake in Tupperware Brands Corp. by 3.8% in the second quarter. Tompkins Financial Corp now owns 2,765 shares of the company’s stock worth $156,000 after buying an additional 100 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Tupperware Brands Corp. during the second quarter worth $157,000. Finally, LS Investment Advisors LLC boosted its stake in Tupperware Brands Corp. by 65.7% in the second quarter. LS Investment Advisors LLC now owns 3,107 shares of the company’s stock worth $175,000 after buying an additional 1,232 shares in the last quarter. Institutional investors own 92.14% of the company’s stock.
Shares of Tupperware Brands Corp. (NYSE:TUP) opened at 63.40 on Thursday. Tupperware Brands Corp. has a 52 week low of $42.60 and a 52 week high of $66.90. The firm has a market cap of $3.20 billion, a PE ratio of 16.86 and a beta of 1.59. The firm’s 50-day moving average is $64.57 and its 200 day moving average is $59.27.
Tupperware Brands Corp. (NYSE:TUP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.06. Tupperware Brands Corp. had a return on equity of 134.49% and a net margin of 8.63%. The firm earned $564.70 million during the quarter, compared to the consensus estimate of $559.91 million. During the same period last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts forecast that Tupperware Brands Corp. will post $4.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, September 16th. Tupperware Brands Corp.’s dividend payout ratio is presently 72.34%.
A number of research firms recently commented on TUP. TheStreet upgraded shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Zacks Investment Research raised shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday. B. Riley reissued a “neutral” rating and set a $53.00 price target on shares of Tupperware Brands Corp. in a research report on Monday, July 25th. SunTrust Banks Inc. reissued a “neutral” rating and set a $62.00 price target (up from $57.00) on shares of Tupperware Brands Corp. in a research report on Monday, July 25th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $61.00 target price (up from $55.00) on shares of Tupperware Brands Corp. in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Tupperware Brands Corp. presently has a consensus rating of “Hold” and a consensus target price of $59.50.
In other Tupperware Brands Corp. news, insider Asha Gupta sold 400 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $62.65, for a total value of $25,060.00. Following the completion of the transaction, the insider now owns 15,400 shares in the company, valued at $964,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Angel R. Martinez sold 10,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $62.23, for a total value of $622,300.00. Following the completion of the transaction, the director now owns 28,439 shares of the company’s stock, valued at approximately $1,769,758.97. The disclosure for this sale can be found here. Corporate insiders own 3.22% of the company’s stock.
Tupperware Brands Corp. Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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