Zebra Capital Management LLC purchased a new stake in Tupperware Brands Co. (NYSE:TUP) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,926 shares of the company’s stock, valued at approximately $208,000.
A number of other hedge funds also recently modified their holdings of TUP. Vanguard Group Inc. boosted its holdings in Tupperware Brands by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,283,342 shares of the company’s stock valued at $81,512,000 after purchasing an additional 64,988 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Tupperware Brands by 41.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,560,955 shares of the company’s stock valued at $29,705,000 after purchasing an additional 455,200 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Tupperware Brands by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,229,038 shares of the company’s stock valued at $23,388,000 after purchasing an additional 54,559 shares in the last quarter. LGT Capital Partners LTD. boosted its holdings in Tupperware Brands by 54.8% in the 2nd quarter. LGT Capital Partners LTD. now owns 1,143,420 shares of the company’s stock valued at $21,759,000 after purchasing an additional 404,840 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Tupperware Brands by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,029,303 shares of the company’s stock valued at $32,495,000 after purchasing an additional 126,607 shares in the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.
In related news, Director E V. Goings bought 33,500 shares of Tupperware Brands stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $15.00 per share, with a total value of $502,500.00. Following the purchase, the director now owns 103,853 shares in the company, valued at $1,557,795. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kriss Cloninger III bought 4,000 shares of Tupperware Brands stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $60,000.00. Following the purchase, the director now owns 53,809 shares in the company, valued at approximately $807,135. The disclosure for this purchase can be found here. 4.58% of the stock is currently owned by corporate insiders.
Shares of NYSE:TUP traded up $0.07 during trading on Friday, hitting $15.68. 4,109,622 shares of the stock were exchanged, compared to its average volume of 682,736. The company has a fifty day moving average price of $14.21 and a two-hundred day moving average price of $20.17. The company has a market cap of $761.64 million, a PE ratio of 3.79, a P/E/G ratio of 0.37 and a beta of 0.95. Tupperware Brands Co. has a 12-month low of $12.00 and a 12-month high of $38.90.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.04). Tupperware Brands had a negative return on equity of 98.57% and a net margin of 6.79%. The firm had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $503.40 million. During the same period last year, the firm earned $1.09 EPS. Tupperware Brands’s revenue was down 11.2% compared to the same quarter last year. As a group, research analysts predict that Tupperware Brands Co. will post 3.48 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Wednesday, September 18th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Tuesday, September 17th. Tupperware Brands’s payout ratio is currently 25.12%.
Several equities research analysts have recently commented on TUP shares. Bank of America reissued an “underperform” rating and set a $20.00 price target (down previously from $24.00) on shares of Tupperware Brands in a research note on Wednesday, June 19th. Citigroup decreased their price target on Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. Finally, Zacks Investment Research lowered Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Tupperware Brands presently has a consensus rating of “Hold” and a consensus price target of $30.00.
Tupperware Brands Company Profile
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
Read More: Certificate of Deposit (CD)
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