Tupperware Brands Co. (TUP) Shares Sold by Edmp Inc.
Edmp Inc. trimmed its stake in Tupperware Brands Co. (NYSE:TUP) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,773 shares of the company’s stock after selling 923 shares during the quarter. Tupperware Brands makes up 3.4% of Edmp Inc.’s holdings, making the stock its 9th largest holding. Edmp Inc. owned about 0.12% of Tupperware Brands worth $3,944,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Allied Advisory Services Inc. boosted its position in shares of Tupperware Brands by 1.2% in the second quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock worth $405,000 after buying an additional 66 shares during the period. Raymond James Trust N.A. boosted its position in shares of Tupperware Brands by 3.4% in the second quarter. Raymond James Trust N.A. now owns 3,794 shares of the company’s stock worth $266,000 after buying an additional 124 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tupperware Brands by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after buying an additional 167 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Tupperware Brands by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock worth $1,136,000 after buying an additional 244 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Tupperware Brands by 3.3% in the second quarter. Ropes Wealth Advisors LLC now owns 8,325 shares of the company’s stock worth $585,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
Tupperware Brands Co. (NYSE:TUP) traded up $0.81 on Tuesday, reaching $64.90. The company had a trading volume of 525,100 shares, compared to its average volume of 375,411. The firm has a market capitalization of $3,302.60, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.75. Tupperware Brands Co. has a 52-week low of $54.48 and a 52-week high of $74.36. The company has a current ratio of 0.98, a quick ratio of 0.52 and a debt-to-equity ratio of 2.56.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts forecast that Tupperware Brands Co. will post 4.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were given a $0.68 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.19%. Tupperware Brands’s dividend payout ratio is currently 98.91%.
Several analysts have recently commented on the company. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Friday. Morgan Stanley lifted their price objective on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Finally, Citigroup lifted their price objective on Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Tupperware Brands presently has a consensus rating of “Hold” and a consensus target price of $68.83.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $62.07, for a total value of $124,140.00. Following the completion of the sale, the executive vice president now owns 10,665 shares of the company’s stock, valued at $661,976.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock valued at $3,010,776 in the last ninety days. Insiders own 3.14% of the company’s stock.
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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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