Tupperware Brands Corporation (TUP) Position Increased by Great Lakes Advisors LLC
Great Lakes Advisors LLC boosted its stake in shares of Tupperware Brands Corporation (NYSE:TUP) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,474 shares of the company’s stock after buying an additional 7,292 shares during the period. Great Lakes Advisors LLC owned 0.19% of Tupperware Brands Corporation worth $6,635,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Tupperware Brands Corporation by 15,657.3% in the first quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock worth $534,973,000 after buying an additional 8,475,428 shares in the last quarter. Vanguard Group Inc. boosted its position in Tupperware Brands Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock worth $282,221,000 after buying an additional 218,186 shares in the last quarter. State Street Corp boosted its position in Tupperware Brands Corporation by 4.3% in the first quarter. State Street Corp now owns 1,484,537 shares of the company’s stock worth $93,112,000 after buying an additional 60,718 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Tupperware Brands Corporation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 900,801 shares of the company’s stock worth $56,498,000 after buying an additional 6,164 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Tupperware Brands Corporation by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock worth $58,910,000 after buying an additional 20,834 shares in the last quarter. Institutional investors own 90.42% of the company’s stock.
Tupperware Brands Corporation (NYSE TUP) opened at 57.40 on Friday. The company’s 50 day moving average is $62.70 and its 200 day moving average is $65.45. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36. The stock has a market cap of $2.92 billion, a PE ratio of 18.56 and a beta of 1.61.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $572.90 million during the quarter, compared to the consensus estimate of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, equities research analysts expect that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 20th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.74%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is currently 87.74%.
Several research analysts recently issued reports on TUP shares. Zacks Investment Research cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub cut shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, TheStreet cut shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $71.33.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 12,250 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $72.75, for a total value of $891,187.50. Following the sale, the executive vice president now directly owns 33,015 shares in the company, valued at $2,401,841.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $71.94, for a total transaction of $143,880.00. Following the completion of the sale, the executive vice president now owns 20,765 shares in the company, valued at $1,493,834.10. The disclosure for this sale can be found here. Insiders sold 21,200 shares of company stock valued at $1,508,578 in the last ninety days. Corporate insiders own 3.22% of the company’s stock.
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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