Icon Advisers Inc. Co. Acquires Shares of 26,300 Tupperware Brands Corporation (TUP)
Icon Advisers Inc. Co. acquired a new position in Tupperware Brands Corporation (NYSE:TUP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,300 shares of the company’s stock, valued at approximately $1,626,000. Icon Advisers Inc. Co. owned about 0.05% of Tupperware Brands Corporation as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Tupperware Brands Corporation by 143.0% during the second quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after acquiring an additional 663,454 shares in the last quarter. Teachers Advisors LLC grew its holdings in Tupperware Brands Corporation by 439.0% in the second quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock valued at $19,496,000 after purchasing an additional 226,091 shares during the period. Artemis Investment Management LLP acquired a new stake in Tupperware Brands Corporation in the second quarter valued at approximately $9,966,000. Thrivent Financial For Lutherans grew its holdings in Tupperware Brands Corporation by 34.9% in the second quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock valued at $37,439,000 after purchasing an additional 137,790 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in Tupperware Brands Corporation in the second quarter valued at approximately $9,235,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
Several analysts have commented on the company. Zacks Investment Research raised Tupperware Brands Corporation from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $65.00 price objective on shares of Tupperware Brands Corporation in a report on Friday, October 27th. TheStreet raised Tupperware Brands Corporation from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. ValuEngine raised Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Morgan Stanley raised their price objective on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.33.
Shares of Tupperware Brands Corporation (TUP) traded up $0.18 during trading hours on Friday, hitting $60.87. The stock had a trading volume of 276,800 shares, compared to its average volume of 508,267. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. The firm has a market capitalization of $3,097.52, a price-to-earnings ratio of 12.95, a PEG ratio of 1.07 and a beta of 1.72. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. The firm had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. analysts forecast that Tupperware Brands Corporation will post 4.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.47%. Tupperware Brands Corporation’s payout ratio is 98.91%.
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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