TIAA CREF Investment Management LLC lifted its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,997 shares of the company’s stock after purchasing an additional 45,914 shares during the quarter. TIAA CREF Investment Management LLC owned 0.54% of Tupperware Brands Corporation worth $19,383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas grew its stake in shares of Tupperware Brands Corporation by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,033 shares of the company’s stock worth $283,000 after purchasing an additional 14 shares during the period. Alps Advisors Inc. grew its stake in shares of Tupperware Brands Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,903 shares of the company’s stock worth $555,000 after purchasing an additional 21 shares during the period. World Asset Management Inc grew its stake in shares of Tupperware Brands Corporation by 0.8% during the 2nd quarter. World Asset Management Inc now owns 4,081 shares of the company’s stock worth $287,000 after purchasing an additional 32 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Tupperware Brands Corporation by 0.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 10,073 shares of the company’s stock worth $707,000 after purchasing an additional 70 shares during the period. Finally, CrestPoint Capital Management LLC grew its stake in shares of Tupperware Brands Corporation by 0.7% during the 2nd quarter. CrestPoint Capital Management LLC now owns 15,000 shares of the company’s stock worth $1,053,000 after purchasing an additional 100 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.49, for a total transaction of $120,980.00. Following the transaction, the executive vice president now owns 16,765 shares of the company’s stock, valued at $1,014,114.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 6,000 shares of company stock worth $379,400 in the last ninety days. 3.22% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “TIAA CREF Investment Management LLC Has $19.38 Million Stake in Tupperware Brands Corporation (TUP)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/28/tiaa-cref-investment-management-llc-has-19-38-million-stake-in-tupperware-brands-corporation-tup.html.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet lowered Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Tupperware Brands Corporation from a “sell” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Thursday, July 13th. Finally, ValuEngine lowered Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Tupperware Brands Corporation currently has an average rating of “Hold” and a consensus price target of $71.33.

Tupperware Brands Corporation (NYSE:TUP) opened at 60.31 on Thursday. The stock’s 50 day moving average price is $58.45 and its 200-day moving average price is $65.35. Tupperware Brands Corporation has a 12 month low of $52.32 and a 12 month high of $74.36. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 19.51 and a beta of 1.62.

Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same quarter in the prior year, the company posted $1.16 earnings per share. Tupperware Brands Corporation’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current year.

The firm 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 dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio is presently 87.74%.

Tupperware Brands Corporation 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.

Institutional Ownership by Quarter for Tupperware Brands Corporation (NYSE:TUP)

Receive News & Stock Ratings for Tupperware Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands Corporation and related stocks with our FREE daily email newsletter.