Tupperware Brands Co. (TUP) Shares Bought by Quotient Investors LLC
Quotient Investors LLC boosted its position in Tupperware Brands Co. (NYSE:TUP) by 48.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,271 shares of the company’s stock after buying an additional 14,027 shares during the period. Tupperware Brands makes up 1.8% of Quotient Investors LLC’s holdings, making the stock its 8th biggest holding. Quotient Investors LLC owned about 0.09% of Tupperware Brands worth $2,675,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Tupperware Brands in the second quarter valued at $121,000. Ffcm LLC lifted its holdings in Tupperware Brands by 146.1% in the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after buying an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tupperware Brands 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 period. Mascoma Wealth Management LLC lifted its holdings in Tupperware Brands by 5,000.0% in the second quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock valued at $150,000 after buying an additional 2,100 shares during the period. Finally, AT Bancorp acquired a new position in Tupperware Brands in the second quarter valued at $179,000. Institutional investors and hedge funds own 84.98% of the company’s stock.
Several research firms recently issued reports on TUP. BidaskClub lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. TheStreet downgraded shares of Tupperware Brands from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a research note on Thursday, October 12th. Finally, Citigroup Inc. lifted their price target on shares of Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.25.
Tupperware Brands Co. (TUP) traded up 0.15% during midday trading on Friday, reaching $61.16. 128,103 shares of the company’s stock traded hands. The stock has a market cap of $3.11 billion, a P/E ratio of 19.78 and a beta of 1.64. The company’s 50-day moving average price is $60.15 and its 200-day moving average price is $65.24. Tupperware Brands Co. has a 52-week low of $52.32 and a 52-week high of $74.36.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Tupperware Brands had a negative net margin of 3.09% and a negative return on equity of 28.32%. The company had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. During the same period last year, the company posted $1.16 EPS. Tupperware Brands’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that Tupperware Brands Co. will post $4.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.45%. Tupperware Brands’s dividend payout ratio (DPR) is currently 87.74%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total transaction of $120,980.00. Following the completion of the transaction, the executive vice president now directly owns 16,765 shares of the company’s stock, valued at approximately $1,014,114.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 6,000 shares of company stock valued at $361,180. 3.22% of the stock is currently owned by corporate insiders.
Tupperware Brands 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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