Tupperware Brands Corporation (TUP) Holdings Boosted by HPM Partners LLC
HPM Partners LLC grew its stake in shares of Tupperware Brands Corporation (NYSE:TUP) by 1,449.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,446 shares of the company’s stock after buying an additional 101,446 shares during the period. HPM Partners LLC owned approximately 0.21% of Tupperware Brands Corporation worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Founders Capital Management bought a new position in Tupperware Brands Corporation during the first quarter worth about $110,000. Kernodle & Katon Asset Management Group LLC bought a new position in Tupperware Brands Corporation during the first quarter worth about $110,000. Ffcm LLC boosted its holdings in Tupperware Brands Corporation by 146.1% during the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after buying an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tupperware Brands Corporation by 9.7% during 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 last quarter. Finally, Mascoma Wealth Management LLC boosted its holdings in Tupperware Brands Corporation by 5,000.0% during the second quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock worth $150,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 86.32% of the company’s stock.
A number of brokerages have issued reports on TUP. ValuEngine cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet cut Tupperware Brands Corporation from a “b-” rating to a “c” rating in a report on Thursday, August 10th. BidaskClub cut Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $71.33.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $70.67, for a total transaction of $141,340.00. Following the sale, the executive vice president now owns 20,665 shares in the company, valued at approximately $1,460,395.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 6,000 shares of company stock worth $379,400. 3.22% of the stock is owned by corporate insiders.
Tupperware Brands Corporation (NYSE TUP) opened at 58.04 on Friday. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. The stock’s 50 day moving average price is $59.55 and its 200 day moving average price is $65.32. The company has a market cap of $2.95 billion, a PE ratio of 18.77 and a beta of 1.62.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities research analysts anticipate that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 20th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.69%. Tupperware Brands Corporation’s payout ratio is 87.74%.
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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