Tupperware Brands Co. (TUP) Position Raised by LGT Capital Partners LTD.
LGT Capital Partners LTD. increased its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 166.0% during the first quarter, Holdings Channel reports. The firm owned 125,000 shares of the company’s stock after buying an additional 78,000 shares during the period. LGT Capital Partners LTD. owned 0.25% of Tupperware Brands worth $7,840,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Tupperware Brands by 12.3% in the third quarter. BlackRock Inc. now owns 54,123 shares of the company’s stock valued at $3,539,000 after buying an additional 5,936 shares during the period. Prudential PLC boosted its position in shares of Tupperware Brands by 56.6% in the fourth quarter. Prudential PLC now owns 678,900 shares of the company’s stock valued at $35,724,000 after buying an additional 245,300 shares during the period. New York State Common Retirement Fund boosted its position in shares of Tupperware Brands by 15.6% in the third quarter. New York State Common Retirement Fund now owns 145,900 shares of the company’s stock valued at $9,537,000 after buying an additional 19,680 shares during the period. HighTower Advisors LLC boosted its position in shares of Tupperware Brands by 2.7% in the third quarter. HighTower Advisors LLC now owns 134,506 shares of the company’s stock valued at $8,785,000 after buying an additional 3,570 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in shares of Tupperware Brands during the fourth quarter valued at $1,210,000. Institutional investors and hedge funds own 87.95% of the company’s stock.
Tupperware Brands Co. (NYSE:TUP) traded up 0.25% during midday trading on Thursday, hitting $64.66. The stock had a trading volume of 569,547 shares. Tupperware Brands Co. has a 52 week low of $50.42 and a 52 week high of $66.90. The firm has a 50 day moving average of $61.99 and a 200 day moving average of $59.28. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 14.66 and a beta of 1.65.
Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.08. Tupperware Brands had a return on equity of 117.25% and a net margin of 10.10%. The firm earned $600.90 million during the quarter, compared to analysts’ expectations of $617.87 million. During the same quarter last year, the business posted $1.35 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that Tupperware Brands Co. will post $4.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Shareholders of record on Monday, March 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.21%. The ex-dividend date was Thursday, March 16th. Tupperware Brands’s dividend payout ratio is presently 61.82%.
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Several equities analysts have weighed in on TUP shares. Zacks Investment Research upgraded Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. TheStreet upgraded Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, February 1st. Finally, B. Riley reiterated a “neutral” rating and set a $54.00 target price on shares of Tupperware Brands in a research note on Sunday, February 5th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Tupperware Brands has an average rating of “Hold” and a consensus target price of $61.75.
In other news, Director David R. Parker sold 12,230 shares of Tupperware Brands stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $735,267.60. Following the completion of the transaction, the director now owns 19,187 shares in the company, valued at approximately $1,153,522.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $62.58, for a total value of $125,160.00. Following the completion of the transaction, the executive vice president now owns 24,765 shares of the company’s stock, valued at approximately $1,549,793.70. The disclosure for this sale can be found here. Insiders have sold a total of 55,509 shares of company stock valued at $3,373,108 in the last 90 days. 3.22% of the stock is currently owned by company insiders.
Tupperware Brands Company 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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