Dimensional Fund Advisors LP Decreases Position in Tupperware Brands Co. (TUP)
Dimensional Fund Advisors LP reduced its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 894,637 shares of the company’s stock after selling 27,944 shares during the period. Dimensional Fund Advisors LP owned 1.77% of Tupperware Brands worth $47,076,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TUP. Prudential PLC increased its position in Tupperware Brands by 56.6% in the fourth quarter. Prudential PLC now owns 678,900 shares of the company’s stock worth $35,724,000 after buying an additional 245,300 shares in the last quarter. Schroder Investment Management Group increased its position in Tupperware Brands by 25.5% in the third quarter. Schroder Investment Management Group now owns 1,196,954 shares of the company’s stock worth $78,245,000 after buying an additional 242,871 shares in the last quarter. Morgan Stanley increased its position in Tupperware Brands by 48.5% in the third quarter. Morgan Stanley now owns 699,146 shares of the company’s stock worth $45,703,000 after buying an additional 228,226 shares in the last quarter. BlackRock Fund Advisors increased its position in Tupperware Brands by 3.7% in the third quarter. BlackRock Fund Advisors now owns 6,241,472 shares of the company’s stock worth $408,005,000 after buying an additional 221,456 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Tupperware Brands during the third quarter worth about $6,537,000. 87.95% of the stock is owned by institutional investors and hedge funds.
Tupperware Brands Co. (NYSE:TUP) opened at 61.39 on Tuesday. The firm’s 50-day moving average is $60.07 and its 200-day moving average is $59.57. The stock has a market capitalization of $3.11 billion, a P/E ratio of 13.92 and a beta of 1.65. Tupperware Brands Co. has a 12-month low of $50.42 and a 12-month high of $66.90.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The company earned $600.90 million during the quarter, compared to analysts’ expectations of $617.87 million. Tupperware Brands had a net margin of 10.10% and a return on equity of 117.25%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 EPS. Analysts predict that Tupperware Brands Co. will post $4.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Monday, March 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $2.72 dividend on an annualized basis and a yield of 4.43%. Tupperware Brands’s payout ratio is currently 61.82%.
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TUP has been the topic of a number of analyst reports. B. Riley downgraded shares of Tupperware Brands from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $64.00 to $47.00 in a report on Monday, November 28th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, December 22nd. Finally, TheStreet raised shares of Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, February 1st. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $62.00.
In other news, insider Lillian D. Garcia sold 9,550 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $60.00, for a total transaction of $573,000.00. Following the transaction, the insider now owns 20,669 shares of the company’s stock, valued at $1,240,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Simon C. Hemus sold 2,000 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $60.93, for a total transaction of $121,860.00. Following the transaction, the insider now directly owns 52,615 shares in the company, valued at approximately $3,205,831.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,509 shares of company stock valued at $3,357,948. 3.22% of the stock is currently owned by corporate insiders.
Tupperware Brands Company Profile
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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