First Wilshire Securities Management Inc. trimmed its holdings in Tupperware Brands Co. (NYSE:TUP) by 1.7% in the second quarter, Holdings Channel.com reports. The fund owned 64,012 shares of the company’s stock after selling 1,111 shares during the period. First Wilshire Securities Management Inc.’s holdings in Tupperware Brands were worth $1,218,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its holdings in Tupperware Brands by 1,143.1% in the 2nd quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock valued at $27,000 after acquiring an additional 1,326 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Tupperware Brands by 154.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,964 shares of the company’s stock valued at $133,000 after acquiring an additional 4,226 shares during the last quarter. US Bancorp DE lifted its holdings in Tupperware Brands by 9.4% in the 2nd quarter. US Bancorp DE now owns 8,489 shares of the company’s stock valued at $162,000 after acquiring an additional 731 shares during the last quarter. Rational Advisors LLC acquired a new stake in Tupperware Brands in the 1st quarter valued at about $184,000. Finally, SG Americas Securities LLC acquired a new stake in Tupperware Brands in the 1st quarter valued at about $187,000. 82.82% of the stock is owned by institutional investors.
TUP has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Bank of America reaffirmed an “underperform” rating and set a $20.00 price objective (down from $24.00) on shares of Tupperware Brands in a research note on Wednesday, June 19th. Finally, Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.00.
TUP stock opened at $15.68 on Friday. Tupperware Brands Co. has a one year low of $12.00 and a one year high of $38.90. The firm has a market capitalization of $759.20 million, a PE ratio of 3.65, a P/E/G ratio of 0.37 and a beta of 0.95. The firm has a 50-day moving average of $14.21 and a two-hundred day moving average of $20.17.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04). Tupperware Brands had a net margin of 6.79% and a negative return on equity of 98.57%. The firm had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $503.40 million. During the same period in the prior year, the company posted $1.09 earnings per share. Tupperware Brands’s quarterly revenue was down 11.2% compared to the same quarter last year. As a group, analysts forecast that Tupperware Brands Co. will post 3.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Tuesday, September 17th. Tupperware Brands’s dividend payout ratio is presently 25.12%.
Tupperware Brands 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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