10,772 Shares in Tupperware Brands Co. (TUP) Purchased by Coldstream Capital Management Inc.
Coldstream Capital Management Inc. bought a new stake in Tupperware Brands Co. (NYSE:TUP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,772 shares of the company’s stock, valued at approximately $666,000.
A number of other institutional investors also recently modified their holdings of the business. Teacher Retirement System of Texas increased its stake in shares of Tupperware Brands by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,033 shares of the company’s stock worth $283,000 after purchasing an additional 14 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Tupperware Brands by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,903 shares of the company’s stock worth $555,000 after purchasing an additional 21 shares in the last quarter. World Asset Management Inc increased its stake in shares of Tupperware Brands by 0.8% during the 2nd quarter. World Asset Management Inc now owns 4,081 shares of the company’s stock worth $287,000 after purchasing an additional 32 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in shares of Tupperware Brands by 1.2% during the 2nd quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock worth $405,000 after purchasing an additional 66 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Tupperware Brands by 0.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 10,073 shares of the company’s stock worth $707,000 after purchasing an additional 70 shares in the last quarter. 83.91% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, September 28th. TheStreet upgraded shares of Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. Citigroup raised their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks restated a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. One research 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.33.
In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction 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 transaction, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $61.56, for a total transaction of $123,120.00. Following the completion of the transaction, the executive vice president now owns 12,765 shares in the company, valued at approximately $785,813.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,600 shares of company stock worth $3,009,036. 3.14% of the stock is owned by company insiders.
Shares of Tupperware Brands Co. (TUP) traded down $0.15 during midday trading on Tuesday, reaching $63.04. 1,042,100 shares of the company were exchanged, compared to its average volume of 503,437. Tupperware Brands Co. has a 1 year low of $52.32 and a 1 year high of $74.36. The firm has a market capitalization of $3,215.58, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.11 and a beta of 1.75. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. Tupperware Brands 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 earned $0.87 earnings per share. Tupperware Brands’s revenue was up 3.4% compared to the same quarter last year. analysts anticipate that Tupperware Brands Co. will post 4.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued 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 dividend yield of 4.31%. Tupperware Brands’s dividend payout ratio (DPR) is presently 98.91%.
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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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