UBS Asset Management Americas Inc. decreased its position in Tupperware Brands Corp. (NYSE:TUP) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 66,592 shares of the company’s stock after selling 6,708 shares during the period. UBS Asset Management Americas Inc. owned about 0.13% of Tupperware Brands Corp. worth $3,749,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in Tupperware Brands Corp. by 67.4% in the second quarter. Nationwide Fund Advisors now owns 139,850 shares of the company’s stock worth $7,871,000 after buying an additional 56,301 shares during the last quarter. Schroder Investment Management Group boosted its stake in Tupperware Brands Corp. by 7.7% in the second quarter. Schroder Investment Management Group now owns 954,083 shares of the company’s stock worth $53,695,000 after buying an additional 68,200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Tupperware Brands Corp. by 3.9% in the second quarter. JPMorgan Chase & Co. now owns 82,207 shares of the company’s stock worth $4,626,000 after buying an additional 3,087 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Tupperware Brands Corp. by 7.2% in the second quarter. Advisors Asset Management Inc. now owns 294,143 shares of the company’s stock worth $16,554,000 after buying an additional 19,770 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in Tupperware Brands Corp. during the second quarter worth $734,000. 92.14% of the stock is owned by institutional investors.
Shares of Tupperware Brands Corp. (NYSE:TUP) traded up 1.54% during trading on Friday, reaching $65.37. The company had a trading volume of 636,495 shares. Tupperware Brands Corp. has a 12 month low of $42.60 and a 12 month high of $66.90. The stock has a market capitalization of $3.30 billion, a PE ratio of 17.39 and a beta of 1.59. The stock’s 50-day moving average price is $64.74 and its 200-day moving average price is $59.72.
Tupperware Brands Corp. (NYSE:TUP) last posted its earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.06. The firm had revenue of $564.70 million for the quarter, compared to the consensus estimate of $559.91 million. Tupperware Brands Corp. had a net margin of 8.63% and a return on equity of 134.49%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. Equities analysts forecast that Tupperware Brands Corp. will post $4.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Friday, September 16th. Tupperware Brands Corp.’s payout ratio is 72.34%.
A number of research firms have weighed in on TUP. Zacks Investment Research raised Tupperware Brands Corp. from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, September 21st. Piper Jaffray Cos. reissued a “neutral” rating and issued a $61.00 price target on shares of Tupperware Brands Corp. in a report on Thursday, August 4th. B. Riley reissued a “neutral” rating and issued a $53.00 price target on shares of Tupperware Brands Corp. in a report on Monday, July 25th. SunTrust Banks Inc. reissued a “neutral” rating and issued a $62.00 price target (up from $57.00) on shares of Tupperware Brands Corp. in a report on Monday, July 25th. Finally, TheStreet raised Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Tupperware Brands Corp. currently has an average rating of “Hold” and a consensus target price of $59.50.
In other Tupperware Brands Corp. news, Director Angel R. Martinez sold 10,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $62.23, for a total transaction of $622,300.00. Following the transaction, the director now directly owns 28,439 shares of the company’s stock, valued at $1,769,758.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $64.94, for a total transaction of $129,880.00. Following the transaction, the executive vice president now directly owns 37,900 shares in the company, valued at $2,461,226. The disclosure for this sale can be found here. Company insiders own 3.22% of the company’s stock.
Tupperware Brands Corp. Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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