Dimensional Fund Advisors LP decreased its stake in Tupperware Brands Co. (NYSE:TUP) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 894,637 shares of the company’s stock after selling 27,944 shares during the period. Dimensional Fund Advisors LP’s holdings in Tupperware Brands were worth $47,076,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of TUP. GW&K Investment Management LLC boosted its position in shares of Tupperware Brands by 4.0% in the third quarter. GW&K Investment Management LLC now owns 587,770 shares of the company’s stock worth $38,423,000 after buying an additional 22,820 shares in the last quarter. Northwest Investment Counselors LLC boosted its position in shares of Tupperware Brands by 4.5% in the third quarter. Northwest Investment Counselors LLC now owns 25,876 shares of the company’s stock worth $1,691,000 after buying an additional 1,106 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Tupperware Brands by 23.9% in the third quarter. Nisa Investment Advisors LLC now owns 51,800 shares of the company’s stock worth $3,386,000 after buying an additional 10,000 shares in the last quarter. CenturyLink Investment Management Co acquired a new position in shares of Tupperware Brands during the third quarter worth about $1,647,000. Finally, Capstone Asset Management Co. boosted its position in shares of Tupperware Brands by 2.2% in the third quarter. Capstone Asset Management Co. now owns 58,789 shares of the company’s stock worth $3,843,000 after buying an additional 1,255 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.
Tupperware Brands Co. (NYSE:TUP) opened at 61.39 on Tuesday. Tupperware Brands Co. has a one year low of $50.42 and a one year high of $66.90. The company has a market cap of $3.11 billion, a PE ratio of 13.92 and a beta of 1.65. The firm has a 50-day moving average of $60.07 and a 200-day moving average of $59.57.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. Tupperware Brands had a net margin of 10.10% and a return on equity of 117.25%. The business earned $600.90 million during the quarter, compared to analyst estimates of $617.87 million. During the same period last year, the firm posted $1.35 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Tupperware Brands Co. will post $4.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Monday, 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 4.43%. The ex-dividend date of this dividend is Thursday, March 16th. Tupperware Brands’s dividend payout ratio (DPR) is currently 61.82%.
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A number of equities analysts have issued reports on the stock. TheStreet raised shares of Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, February 1st. B. Riley reissued a “sell” rating and issued a $47.00 target price on shares of Tupperware Brands in a report on Saturday, December 3rd. Finally, Zacks Investment Research raised shares of Tupperware Brands from a “sell” rating to a “hold” rating in a report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating, Tupperware Brands presently has an average rating of “Hold” and an average price target of $62.00.
In other Tupperware Brands news, Vice Chairman Simon C. Hemus sold 2,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $60.93, for a total transaction of $121,860.00. Following the completion of the sale, the insider now directly owns 52,615 shares of the company’s stock, valued at approximately $3,205,831.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Catherine Ann Bertini sold 1,729 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $60.44, for a total transaction of $104,500.76. Following the sale, the director now directly owns 25,452 shares of the company’s stock, valued at $1,538,318.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,509 shares of company stock valued at $3,357,948. Insiders own 3.22% of the company’s stock.
Tupperware Brands 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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