Tupperware Brands Co. (TUP) Position Raised by Wedge Capital Management L L P NC

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Wedge Capital Management L L P NC increased its position in shares of Tupperware Brands Co. (NYSE:TUP) by 30.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,918 shares of the company’s stock after purchasing an additional 2,531 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Tupperware Brands were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Tupperware Brands by 264.9% in the first quarter. Quadrant Capital Group LLC now owns 1,029 shares of the company’s stock worth $25,000 after acquiring an additional 747 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Tupperware Brands in the first quarter worth about $27,000. Acadian Asset Management LLC bought a new position in shares of Tupperware Brands in the fourth quarter worth about $33,000. NumerixS Investment Technologies Inc bought a new position in shares of Tupperware Brands in the fourth quarter worth about $47,000. Finally, Truvestments Capital LLC bought a new position in shares of Tupperware Brands in the first quarter worth about $72,000. 85.34% of the stock is owned by institutional investors and hedge funds.

Shares of Tupperware Brands stock traded down $0.13 on Friday, hitting $22.91. The stock had a trading volume of 3,734 shares, compared to its average volume of 780,649. Tupperware Brands Co. has a twelve month low of $21.81 and a twelve month high of $46.33. The company has a market capitalization of $1.12 billion, a P/E ratio of 5.31, a P/E/G ratio of 0.48 and a beta of 0.80.

Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.01). Tupperware Brands had a net margin of 7.80% and a negative return on equity of 102.79%. The firm had revenue of $487.30 million during the quarter, compared to analyst estimates of $496.60 million. During the same period in the prior year, the company earned $0.91 EPS. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts predict that Tupperware Brands Co. will post 4.02 EPS for the current fiscal year.

TUP has been the subject of a number of research reports. Zacks Investment Research cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. TheStreet raised shares of Tupperware Brands from a “d+” rating to a “c” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.75.

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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.

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Institutional Ownership by Quarter for Tupperware Brands (NYSE:TUP)

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