Grimes & Company Inc. increased its stake in shares of Tupperware Brands Corp. (NYSE:TUP) by 12.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,237 shares of the company’s stock after buying an additional 7,518 shares during the period. Grimes & Company Inc. owned about 0.14% of Tupperware Brands Corp. worth $3,897,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TUP. BlackRock Japan Co. Ltd boosted its position 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 valued at $117,000 after buying an additional 10 shares in the last quarter. Springbok Capital Management LLC boosted its position in Tupperware Brands Corp. by 0.8% in the first quarter. Springbok Capital Management LLC now owns 3,720 shares of the company’s stock valued at $216,000 after buying an additional 30 shares in the last quarter. Curbstone Financial Management Corp boosted its position in Tupperware Brands Corp. by 0.8% in the second quarter. Curbstone Financial Management Corp now owns 7,740 shares of the company’s stock valued at $436,000 after buying an additional 60 shares in the last quarter. IBM Retirement Fund boosted its position in Tupperware Brands Corp. by 1.3% in the second quarter. IBM Retirement Fund now owns 5,072 shares of the company’s stock valued at $285,000 after buying an additional 65 shares in the last quarter. Finally, Tompkins Financial Corp boosted its position in Tupperware Brands Corp. by 3.8% in the second quarter. Tompkins Financial Corp now owns 2,765 shares of the company’s stock valued at $156,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Tupperware Brands Corp. (NYSE:TUP) traded down 1.04% on Tuesday, reaching $62.64. 410,211 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $64.52 and its 200-day moving average is $59.24. The firm has a market cap of $3.17 billion, a PE ratio of 16.66 and a beta of 1.59. Tupperware Brands Corp. has a 12 month low of $42.60 and a 12 month high of $66.90.

Tupperware Brands Corp. (NYSE:TUP) last posted its 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. The company had revenue of $564.70 million for the quarter, compared to analyst estimates of $559.91 million. Tupperware Brands Corp. had a net margin of 8.63% and a return on equity of 134.49%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. On average, equities analysts forecast that Tupperware Brands Corp. will post $4.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $2.72 annualized dividend and a yield of 4.34%. Tupperware Brands Corp.’s dividend payout ratio (DPR) is presently 72.34%.

Several research firms have recently commented on TUP. B. Riley restated a “neutral” rating and set a $53.00 price target on shares of Tupperware Brands Corp. in a report on Monday, July 25th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Tupperware Brands Corp. in a research note on Thursday, August 4th. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $62.00 price objective (up previously from $57.00) on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Zacks Investment Research raised shares of Tupperware Brands Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, TheStreet raised shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Tupperware Brands Corp. has a consensus rating of “Hold” and an average target price of $58.88.

In other news, Chairman E V. Goings sold 150,000 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $62.50, for a total transaction of $9,375,000.00. Following the completion of the sale, the chairman now owns 54,456 shares of the company’s stock, valued at $3,403,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $64.94, for a total transaction of $129,880.00. Following the sale, the executive vice president now directly owns 37,900 shares of the company’s stock, valued at approximately $2,461,226. The disclosure for this sale can be found here. 3.22% of the stock is currently owned by company insiders.

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.

5 Day Chart for NYSE:TUP

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