Stephens Inc. AR Sells 5,698 Shares of Tupperware Brands Corporation (TUP)
Stephens Inc. AR cut its stake in Tupperware Brands Corporation (NYSE:TUP) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,533 shares of the company’s stock after selling 5,698 shares during the quarter. Stephens Inc. AR’s holdings in Tupperware Brands Corporation were worth $1,208,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TUP. Principal Financial Group Inc. grew its position in shares of 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 in the last quarter. Teachers Advisors LLC lifted its stake in Tupperware Brands Corporation by 439.0% during the second quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after purchasing an additional 226,091 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Tupperware Brands Corporation during the second quarter worth about $9,966,000. Thrivent Financial For Lutherans lifted its stake in Tupperware Brands Corporation by 34.9% during the second quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock worth $37,439,000 after purchasing an additional 137,790 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in Tupperware Brands Corporation during the second quarter worth about $9,235,000. Institutional investors own 85.30% of the company’s stock.
TUP has been the subject of several research analyst reports. ValuEngine lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. lifted their price target on Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands Corporation in a research note on Thursday, October 12th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $65.00 price target on shares of Tupperware Brands Corporation in a research note on Friday, October 27th. One 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 company’s stock. Tupperware Brands Corporation currently has an average rating of “Hold” and an average target price of $68.33.
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In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.56, for a total value of $123,120.00. Following the completion of the sale, the executive vice president now owns 12,765 shares of the company’s stock, valued at approximately $785,813.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. In the last three months, insiders sold 50,600 shares of company stock valued at $3,001,976. 3.22% of the stock is currently owned by corporate insiders.
Tupperware Brands Corporation (NYSE:TUP) traded up $0.18 during midday trading on Thursday, hitting $60.87. The stock had a trading volume of 276,800 shares, compared to its average volume of 508,267. Tupperware Brands Corporation has a 12 month low of $52.32 and a 12 month high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. The company has a market cap of $3,088.36, a price-to-earnings ratio of 12.91, a PEG ratio of 1.07 and a beta of 1.72.
Tupperware Brands Corporation (NYSE:TUP) last released its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The company had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. During the same quarter in the previous year, the company posted $0.87 EPS. Tupperware Brands Corporation’s revenue for the quarter was up 3.4% on a year-over-year basis. sell-side analysts anticipate that Tupperware Brands Corporation will post 4.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, December 19th. Tupperware Brands Corporation’s dividend payout ratio (DPR) 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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