Capstone Asset Management Co. Purchases 1,255 Shares of Tupperware Brands Corp. (TUP)
Capstone Asset Management Co. boosted its position in Tupperware Brands Corp. (NYSE:TUP) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,789 shares of the company’s stock after buying an additional 1,255 shares during the period. Capstone Asset Management Co. owned about 0.12% of Tupperware Brands Corp. worth $3,843,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. increased its stake in Tupperware Brands Corp. by 42.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 1,800 shares of the company’s stock worth $118,000 after buying an additional 535 shares during the last quarter. Creative Planning increased its stake in Tupperware Brands Corp. by 7.3% in the third quarter. Creative Planning now owns 1,803 shares of the company’s stock worth $118,000 after buying an additional 122 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Tupperware Brands Corp. by 132.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,630 shares of the company’s stock worth $148,000 after buying an additional 1,500 shares during the last quarter. Tompkins Financial Corp increased its stake in Tupperware Brands Corp. by 3.8% in the second quarter. Tompkins Financial Corp now owns 2,765 shares of the company’s stock worth $156,000 after buying an additional 100 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in Tupperware Brands Corp. during the second quarter worth $157,000. Institutional investors own 88.72% of the company’s stock.
Tupperware Brands Corp. (NYSE:TUP) traded up 2.29% on Tuesday, reaching $57.74. The company’s stock had a trading volume of 1,848,220 shares. The firm’s 50-day moving average price is $60.34 and its 200-day moving average price is $60.66. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 14.44 and a beta of 1.72. Tupperware Brands Corp. has a 52-week low of $42.60 and a 52-week high of $66.90.
Tupperware Brands Corp. (NYSE:TUP) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Tupperware Brands Corp. had a return on equity of 124.54% and a net margin of 9.20%. The company had revenue of $521.80 million for the quarter, compared to the consensus estimate of $528.14 million. During the same quarter last year, the business posted $0.79 EPS. Tupperware Brands Corp.’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts expect that Tupperware Brands Corp. will post $4.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Tuesday, December 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, December 16th. Tupperware Brands Corp.’s dividend payout ratio (DPR) is 68.00%.
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A number of research firms recently commented on TUP. B. Riley reiterated a “neutral” rating and issued a $64.00 price objective (up previously from $53.00) on shares of Tupperware Brands Corp. in a report on Friday, October 21st. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $61.00 price objective on shares of Tupperware Brands Corp. in a report on Thursday, August 4th. TheStreet downgraded Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Finally, Zacks Investment Research downgraded Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a report on Saturday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands Corp. has an average rating of “Hold” and an average price target of $59.14.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $65.84, for a total transaction of $131,680.00. Following the completion of the transaction, the executive vice president now directly owns 35,900 shares of the company’s stock, valued at approximately $2,363,656. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Allan Dando sold 620 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $59.82, for a total value of $37,088.40. Following the transaction, the insider now directly owns 2,863 shares of the company’s stock, valued at $171,264.66. The disclosure for this sale can be found here. Corporate insiders own 3.22% of the company’s stock.
About Tupperware Brands Corp.
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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