Verition Fund Management LLC increased its holdings in Tupperware Brands Co. (NYSE:TUP) by 63.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,125 shares of the company’s stock after buying an additional 2,753 shares during the period. Verition Fund Management LLC’s holdings in Tupperware Brands were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Tupperware Brands by 1.4% in the fourth quarter. BlackRock Inc. now owns 8,212,037 shares of the company’s stock valued at $514,894,000 after buying an additional 110,580 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Tupperware Brands by 0.5% in the third quarter. Schroder Investment Management Group now owns 1,010,023 shares of the company’s stock valued at $61,844,000 after buying an additional 4,611 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Tupperware Brands by 15.4% in the fourth quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock valued at $61,216,000 after buying an additional 130,092 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tupperware Brands by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock valued at $57,433,000 after buying an additional 11,710 shares in the last quarter. Finally, Huber Capital Management LLC increased its stake in Tupperware Brands by 44.3% in the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after acquiring an additional 277,660 shares during the last quarter. Institutional investors own 84.80% of the company’s stock.
A number of research analysts recently issued reports 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 on the stock in a research note on Wednesday, December 13th. Morgan Stanley decreased their price objective on shares of Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. Bank of America decreased their price objective on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a research note on Thursday, February 22nd. Finally, ValuEngine cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Tupperware Brands has an average rating of “Hold” and a consensus target price of $64.14.
TUP stock opened at $46.21 on Friday. The stock has a market cap of $2,388.18, a P/E ratio of 9.65, a P/E/G ratio of 0.75 and a beta of 1.57. The company has a debt-to-equity ratio of -5.07, a current ratio of 0.96 and a quick ratio of 0.56. Tupperware Brands Co. has a one year low of $46.14 and a one year high of $74.36.
Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $588.60 million for the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. equities analysts anticipate that Tupperware Brands Co. will post 5.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.68 per share. The ex-dividend date is Monday, March 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.89%. Tupperware Brands’s payout ratio is presently -52.21%.
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Tupperware Brands Company 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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