Laurion Capital Management LP purchased a new position in shares of Tupperware Brands Co. (NYSE:TUP) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,428 shares of the company’s stock, valued at approximately $216,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. James Investment Research Inc. bought a new stake in Tupperware Brands during the 4th quarter worth about $953,000. Quantamental Technologies LLC bought a new stake in Tupperware Brands during the 4th quarter worth about $192,000. Truvestments Capital LLC bought a new stake in Tupperware Brands during the 1st quarter worth about $72,000. Tibra Equities Europe Ltd bought a new stake in Tupperware Brands during the 1st quarter worth about $483,000. Finally, Advisors Asset Management Inc. raised its holdings in Tupperware Brands by 51.5% during the 4th quarter. Advisors Asset Management Inc. now owns 330,961 shares of the company’s stock worth $10,448,000 after purchasing an additional 112,457 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.
Several analysts have weighed in on the company. Zacks Investment Research raised Tupperware Brands from a “sell” rating to a “hold” rating in a report on Friday. TheStreet raised Tupperware Brands from a “d+” rating to a “c” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.75.
Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Tupperware Brands had a negative return on equity of 102.79% and a net margin of 7.80%. The business had revenue of $487.30 million for the quarter, compared to the consensus estimate of $496.60 million. During the same period in the previous year, the company posted $0.91 earnings per share. Tupperware Brands’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, analysts anticipate that Tupperware Brands Co. will post 4.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Wednesday, June 19th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, June 18th. Tupperware Brands’s payout ratio is presently 25.12%.
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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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