Gotham Asset Management LLC Boosts Holdings in Tupperware Brands Corporation (TUP)
Gotham Asset Management LLC raised its position in Tupperware Brands Corporation (NYSE:TUP) by 130.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,731 shares of the company’s stock after purchasing an additional 7,218 shares during the period. Gotham Asset Management LLC’s holdings in Tupperware Brands Corporation were worth $894,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Tupperware Brands Corporation by 15,657.3% in the first quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock valued at $534,973,000 after purchasing an additional 8,475,428 shares during the last quarter. Vanguard Group Inc. grew its holdings in Tupperware Brands Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after purchasing an additional 218,186 shares during the last quarter. State Street Corp grew its holdings in Tupperware Brands Corporation by 4.3% in the first quarter. State Street Corp now owns 1,484,537 shares of the company’s stock valued at $93,112,000 after purchasing an additional 60,718 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Tupperware Brands Corporation by 143.0% in the second quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after purchasing an additional 663,454 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Tupperware Brands Corporation by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 917,346 shares of the company’s stock valued at $64,424,000 after purchasing an additional 16,545 shares during the last quarter. 84.98% of the stock is currently owned by institutional investors.
A number of analysts recently commented on TUP shares. Zacks Investment Research lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. BidaskClub lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. increased their price objective on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands Corporation in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Tupperware Brands Corporation has a consensus rating of “Hold” and a consensus target price of $68.25.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total transaction of $120,980.00. Following the transaction, the executive vice president now owns 16,765 shares in the company, valued at $1,014,114.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 6,000 shares of company stock worth $361,180 in the last quarter. 3.14% of the stock is currently owned by corporate insiders.
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Shares of Tupperware Brands Corporation (NYSE TUP) opened at 60.64 on Wednesday. The company’s 50 day moving average price is $59.81 and its 200-day moving average price is $65.32. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 19.61 and a beta of 1.64. Tupperware Brands Corporation has a 1-year low of $52.32 and a 1-year high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The business had revenue of $572.90 million for the quarter, compared to analysts’ expectations of $580.19 million. During the same period in the previous year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts expect that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.49%. Tupperware Brands Corporation’s dividend payout ratio is 87.74%.
Tupperware Brands Corporation 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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