Bridge City Capital LLC Raises Position in Tupperware Brands Corporation (TUP)
Bridge City Capital LLC raised its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,467 shares of the company’s stock after purchasing an additional 1,554 shares during the quarter. Bridge City Capital LLC’s holdings in Tupperware Brands Corporation were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Intl Fcstone Inc. bought a new position in Tupperware Brands Corporation during the second quarter valued at $496,000. James Investment Research Inc. bought a new stake in shares of Tupperware Brands Corporation in the 2nd quarter worth about $1,392,000. Sei Investments Co. lifted its holdings in shares of Tupperware Brands Corporation by 15.0% in the 2nd quarter. Sei Investments Co. now owns 47,064 shares of the company’s stock worth $3,304,000 after acquiring an additional 6,139 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Tupperware Brands Corporation by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock worth $58,910,000 after acquiring an additional 20,834 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Tupperware Brands Corporation by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the company’s stock worth $927,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.
Several equities research analysts have recently issued reports on TUP shares. Zacks Investment Research lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. BidaskClub lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Tupperware Brands Corporation in a report on Thursday, October 12th. Finally, Citigroup Inc. raised their target price on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Tupperware Brands Corporation currently has an average rating of “Hold” and an average price target of $68.33.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $61.56, for a total transaction of $123,120.00. Following the sale, the executive vice president now owns 12,765 shares of the company’s stock, valued at $785,813.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.22% of the stock is currently owned by corporate insiders.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. The company had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.23%. Tupperware Brands Corporation’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.67%. Tupperware Brands Corporation’s dividend payout ratio is presently 98.91%.
About Tupperware Brands Corporation
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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