1,723 Shares in Tupperware Brands Corporation (TUP) Purchased by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC purchased a new position in shares of Tupperware Brands Corporation (NYSE:TUP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,723 shares of the company’s stock, valued at approximately $121,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of TUP. BlackRock Inc. raised its stake in shares of Tupperware Brands Corporation by 15,657.3% during the 1st quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock worth $534,973,000 after purchasing an additional 8,475,428 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Tupperware Brands Corporation by 143.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after purchasing an additional 663,454 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Tupperware Brands Corporation by 439.0% during the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after purchasing an additional 226,091 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tupperware Brands Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock worth $282,221,000 after purchasing an additional 218,186 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Tupperware Brands Corporation during the 2nd quarter worth about $9,966,000. 84.98% of the stock is owned by institutional investors.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $58.54, for a total value of $117,080.00. Following the sale, the executive vice president now owns 14,765 shares in the company, valued at $864,343.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,000 shares of company stock worth $361,180 in the last 90 days. Corporate insiders own 3.22% of the company’s stock.
Shares of Tupperware Brands Corporation (NYSE TUP) traded down 0.315% on Friday, hitting $61.645. The stock had a trading volume of 16,261 shares. 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 $3.14 billion, a PE ratio of 19.937 and a beta of 1.64. The firm’s 50 day moving average is $59.60 and its 200-day moving average is $65.29.
Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. Equities research analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th were paid a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $2.72 annualized dividend and a yield of 4.40%. Tupperware Brands Corporation’s dividend payout ratio is 87.74%.
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A number of research firms have recently weighed in on TUP. Zacks Investment Research raised Tupperware Brands Corporation from a “sell” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Thursday, July 13th. BidaskClub downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands Corporation in a research note on Thursday. Citigroup Inc. raised their price target on Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Finally, ValuEngine downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $68.25.
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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