Stone Ridge Asset Management LLC bought a new stake in Tupperware Brands Co. (NYSE:TUP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,701 shares of the company’s stock, valued at approximately $859,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Tupperware Brands in the 3rd quarter valued at about $102,000. Ffcm LLC increased its holdings in shares of Tupperware Brands by 1,021.1% in the 4th quarter. Ffcm LLC now owns 1,704 shares of the company’s stock valued at $107,000 after purchasing an additional 1,552 shares during the period. Mckinley Capital Management LLC Delaware increased its holdings in shares of Tupperware Brands by 1,157.7% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after purchasing an additional 2,246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tupperware Brands by 48.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after purchasing an additional 915 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Tupperware Brands in the 4th quarter valued at about $177,000. Institutional investors own 84.80% of the company’s stock.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total transaction of $124,860.00. Following the transaction, the executive vice president now owns 6,765 shares in the company, valued at $422,338.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.14% of the company’s stock.
Tupperware Brands Co. (NYSE TUP) opened at $47.91 on Tuesday. Tupperware Brands Co. has a twelve month low of $47.34 and a twelve month high of $74.36. The company has a market capitalization of $2,510.34, a P/E ratio of 10.15, a P/E/G ratio of 0.79 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 0.96 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 EPS for the quarter, beating the consensus estimate of $1.50 by $0.09. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. The company had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. During the same quarter last year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. analysts expect that Tupperware Brands Co. will post 5.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Monday, March 19th. This represents a $2.72 annualized dividend and a yield of 5.68%. Tupperware Brands’s dividend payout ratio (DPR) is presently -52.21%.
A number of research firms recently commented on TUP. Citigroup dropped their price objective on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, March 13th. Bank of America dropped their price objective on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a report on Thursday, February 22nd. ValuEngine downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley dropped their price objective on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Finally, SunTrust Banks dropped their price objective on Tupperware Brands to $64.00 and set a “hold” rating on the stock in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.14.
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About Tupperware Brands
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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