Fmr LLC Has $95.92 Million Stake in Tupperware Brands Corporation (TUP)
Fmr LLC cut its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 35.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,365,802 shares of the company’s stock after selling 741,255 shares during the period. Fmr LLC owned approximately 2.68% of Tupperware Brands Corporation worth $95,921,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of TUP. BlackRock Inc. boosted its holdings in Tupperware Brands Corporation by 15,657.3% in the 1st 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 during the last quarter. Principal Financial Group Inc. boosted its holdings in Tupperware Brands Corporation by 143.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after buying an additional 663,454 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Tupperware Brands Corporation by 439.0% in the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after buying an additional 226,091 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Tupperware Brands Corporation by 5.1% in the 1st 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 during the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Tupperware Brands Corporation in the 2nd quarter worth about $9,966,000. Hedge funds and other institutional investors own 84.98% of the company’s stock.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $58.54, for a total transaction of $117,080.00. Following the transaction, the executive vice president now owns 14,765 shares of the company’s stock, valued at $864,343.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 6,000 shares of company stock worth $361,180 in the last three months. Insiders own 3.14% of the company’s stock.
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TUP has been the topic of several research analyst reports. BidaskClub cut Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Tupperware Brands Corporation from a “sell” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Thursday, July 13th. TheStreet cut Tupperware Brands Corporation from a “b-” rating to a “c” rating in a report on Thursday, August 10th. ValuEngine cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup Inc. raised their target price on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned 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 price target of $68.25.
Tupperware Brands Corporation (TUP) opened at 61.46 on Wednesday. The firm has a 50-day moving average of $59.32 and a 200-day moving average of $65.33. Tupperware Brands Corporation has a 1-year low of $52.32 and a 1-year high of $74.36. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 19.88 and a beta of 1.64.
Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $572.90 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share. Equities research analysts anticipate that Tupperware Brands Corporation will post $4.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is 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.
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