New York State Common Retirement Fund lifted its stake in Tupperware Brands Co. (NYSE:TUP) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,020 shares of the company’s stock after purchasing an additional 7,000 shares during the period. New York State Common Retirement Fund owned 0.27% of Tupperware Brands worth $8,532,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Tupperware Brands in the 2nd quarter worth about $121,000. Ffcm LLC increased its stake in Tupperware Brands by 146.1% during the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after purchasing an additional 1,096 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tupperware Brands by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares in the last quarter. Timber Hill LLC bought a new stake in Tupperware Brands during the 2nd quarter valued at about $202,000. Finally, Baker Avenue Asset Management LP bought a new stake in Tupperware Brands during the 2nd quarter valued at about $203,000. 83.71% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $62.07, for a total transaction of $124,140.00. Following the completion of the sale, the executive vice president now directly owns 10,665 shares of the company’s stock, valued at $661,976.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the sale, the chairman now directly owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock worth $3,010,776 in the last 90 days. 3.22% of the stock is currently owned by company insiders.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday. ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. SunTrust Banks reissued a “hold” rating and issued a $65.00 price objective on shares of Tupperware Brands in a report on Friday, October 27th. Finally, TheStreet raised shares of Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $68.83.
Tupperware Brands Co. (TUP) traded up $0.81 during mid-day trading on Friday, hitting $64.90. 525,110 shares of the stock traded hands, compared to its average volume of 389,657. Tupperware Brands Co. has a 1 year low of $53.65 and a 1 year high of $74.36. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. The stock has a market capitalization of $3,300.00, a P/E ratio of 23.60, a PEG ratio of 1.04 and a beta of 1.75.
Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The firm had revenue of $539.50 million for the quarter, compared to the consensus estimate of $538.80 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts expect that Tupperware Brands Co. will post 4.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 19th. Tupperware Brands’s dividend payout ratio is presently 98.91%.
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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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