Brandywine Global Investment Management LLC Cuts Stake in Tupperware Brands Co. (TUP)
Brandywine Global Investment Management LLC lowered its holdings in Tupperware Brands Co. (NYSE:TUP) by 18.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 310,608 shares of the company’s stock after selling 71,157 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Tupperware Brands were worth $19,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in TUP. Raymond James Financial Services Advisors Inc. increased its stake in shares of Tupperware Brands by 7.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,914 shares of the company’s stock worth $3,395,000 after acquiring an additional 3,922 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Tupperware Brands in the third quarter worth $1,185,000. Principal Financial Group Inc. increased its stake in shares of Tupperware Brands by 0.8% in the third quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock worth $70,217,000 after acquiring an additional 8,594 shares during the period. Sei Investments Co. increased its stake in shares of Tupperware Brands by 19.2% in the third quarter. Sei Investments Co. now owns 56,077 shares of the company’s stock worth $3,467,000 after acquiring an additional 9,013 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Tupperware Brands by 5.3% in the third quarter. New York State Common Retirement Fund now owns 138,020 shares of the company’s stock worth $8,532,000 after acquiring an additional 7,000 shares during the period. Hedge funds and other institutional investors own 83.98% of the company’s stock.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total transaction of $124,860.00. Following the sale, the executive vice president now directly owns 6,765 shares of the company’s stock, valued at $422,338.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.22% of the company’s stock.
Shares of Tupperware Brands Co. (TUP) opened at $51.11 on Friday. Tupperware Brands Co. has a twelve month low of $48.45 and a twelve month high of $74.36. The stock has a market cap of $2,566.57, a price-to-earnings ratio of -9.81, a P/E/G ratio of 0.81 and a beta of 1.57. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of -5.07.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The firm had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. During the same period in the prior year, the firm posted $1.45 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. analysts anticipate that Tupperware Brands Co. will post 5.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 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 5.32%. The ex-dividend date of this dividend is Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is presently -52.21%.
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Tupperware Brands 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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