Gotham Asset Management LLC increased its position in Tupperware Brands Co. (NYSE:TUP) by 102.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 135,738 shares of the company’s stock after purchasing an additional 68,579 shares during the period. Gotham Asset Management LLC owned about 0.27% of Tupperware Brands worth $8,511,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in Tupperware Brands in the 3rd quarter worth approximately $102,000. Macquarie Group Ltd. boosted its stake in Tupperware Brands by 183.3% in the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock worth $107,000 after purchasing an additional 1,100 shares during the period. Ffcm LLC boosted its stake in Tupperware Brands by 1,021.1% in the 4th quarter. Ffcm LLC now owns 1,704 shares of the company’s stock worth $107,000 after purchasing an additional 1,552 shares during the period. Mckinley Capital Management LLC Delaware boosted its stake in 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 worth $151,000 after purchasing an additional 2,246 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tupperware Brands by 48.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock worth $176,000 after purchasing an additional 915 shares during the period. 84.80% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on TUP shares. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, December 13th. Morgan Stanley cut their target price on shares of Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Bank of America cut their target price on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a research report on Thursday, February 22nd. Finally, ValuEngine downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.14.
Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The company had revenue of $588.60 million during the quarter, compared to the consensus estimate of $601.99 million. During the same quarter in the prior year, the firm earned $1.45 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. equities analysts expect that Tupperware Brands Co. will post 5.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.89%. Tupperware Brands’s dividend payout ratio is currently -52.21%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were 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 approximately $422,338.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.22% of the stock is currently owned by company insiders.
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Tupperware Brands Profile
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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