Lipe & Dalton Sells 100 Shares of Tupperware Brands Corporation (TUP)
Lipe & Dalton reduced its stake in Tupperware Brands Corporation (NYSE:TUP) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,060 shares of the company’s stock after selling 100 shares during the period. Tupperware Brands Corporation makes up approximately 2.8% of Lipe & Dalton’s portfolio, making the stock its 12th largest position. Lipe & Dalton owned 0.12% of Tupperware Brands Corporation worth $4,288,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Founders Capital Management bought a new stake in Tupperware Brands Corporation during the first quarter valued at approximately $110,000. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tupperware Brands Corporation during the first quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tupperware Brands Corporation by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after buying an additional 167 shares during the last quarter. Huntington National Bank increased its position in shares of Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock valued at $120,000 after buying an additional 212 shares during the last quarter. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Tupperware Brands Corporation during the first quarter valued at $125,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
Tupperware Brands Corporation (NYSE TUP) opened at 57.26 on Tuesday. The company’s 50-day moving average price is $62.70 and its 200-day moving average price 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 capitalization of $2.91 billion, a PE ratio of 18.52 and a beta of 1.61.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The company had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 annualized dividend and a yield of 4.75%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is currently 87.74%.
Several brokerages have recently weighed in on TUP. TheStreet downgraded Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. BidaskClub downgraded Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $71.33.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 12,250 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $72.75, for a total transaction of $891,187.50. Following the transaction, the executive vice president now directly owns 33,015 shares in the company, valued at $2,401,841.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $71.94, for a total value of $143,880.00. Following the transaction, 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. Over the last 90 days, insiders have sold 21,200 shares of company stock worth $1,508,578. Corporate insiders own 3.14% of the company’s stock.
Tupperware Brands Corporation 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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