WBI Investments Inc. lessened its stake in Tupperware Brands Corporation (NYSE:TUP) by 68.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,704 shares of the company’s stock after selling 190,360 shares during the period. WBI Investments Inc. owned 0.17% of Tupperware Brands Corporation worth $6,230,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in TUP. Founders Capital Management bought a new position in Tupperware Brands Corporation in the 1st quarter valued at about $110,000. Kernodle & Katon Asset Management Group LLC bought a new position in Tupperware Brands Corporation in the 1st quarter valued at about $110,000. Ffcm LLC grew its position in Tupperware Brands Corporation by 146.1% in the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after buying an additional 1,096 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tupperware Brands Corporation by 9.7% in the 2nd 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 in the last quarter. Finally, Mascoma Wealth Management LLC grew its position in Tupperware Brands Corporation by 5,000.0% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.
Shares of Tupperware Brands Corporation (NYSE:TUP) traded down 0.14% during trading on Tuesday, reaching $58.75. 90,481 shares of the company were exchanged. The stock has a 50-day moving average of $59.27 and a 200 day moving average of $65.46. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36. The stock has a market capitalization of $2.99 billion, a P/E ratio of 19.00 and a beta of 1.62.
Tupperware Brands Corporation (NYSE:TUP) last announced its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The company had revenue of $572.90 million during the quarter, compared to analyst estimates of $580.19 million. During the same period last year, the company posted $1.16 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.62%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 87.74%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $70.67, for a total value of $141,340.00. Following the completion of the sale, the executive vice president now directly owns 20,665 shares in the company, valued at $1,460,395.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 6,000 shares of company stock valued at $379,400. 3.14% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on the stock. Sidoti increased their target price on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research lowered shares of Tupperware Brands Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, June 28th. BidaskClub lowered shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet lowered shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $71.33.
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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