Canada Pension Plan Investment Board reduced its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 84.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,400 shares of the company’s stock after selling 50,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Tupperware Brands were worth $314,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Miller Value Partners LLC acquired a new stake in shares of Tupperware Brands during the second quarter worth approximately $4,124,000. Voya Investment Management LLC boosted its holdings in shares of Tupperware Brands by 99.2% during the second quarter. Voya Investment Management LLC now owns 213,698 shares of the company’s stock worth $8,813,000 after purchasing an additional 106,438 shares during the period. Vulcan Value Partners LLC boosted its holdings in shares of Tupperware Brands by 110.9% during the second quarter. Vulcan Value Partners LLC now owns 991,383 shares of the company’s stock worth $40,885,000 after purchasing an additional 521,386 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Tupperware Brands by 285.7% during the third quarter. Moody National Bank Trust Division now owns 29,700 shares of the company’s stock worth $993,000 after purchasing an additional 22,000 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Tupperware Brands during the third quarter worth approximately $421,000. Institutional investors and hedge funds own 86.40% of the company’s stock.
A number of analysts have issued reports on TUP shares. Zacks Investment Research upgraded shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Bank of America reduced their target price on shares of Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, October 4th. Morgan Stanley set a $40.00 target price on shares of Tupperware Brands and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, Citigroup reduced their target price on shares of Tupperware Brands from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 17th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.00.
NYSE TUP opened at $34.71 on Tuesday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. Tupperware Brands Co. has a 12-month low of $29.82 and a 12-month high of $66.26.
Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.09. The firm had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $477.65 million. Tupperware Brands had a negative net margin of 8.73% and a negative return on equity of 145.79%. The company’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Equities research analysts predict that Tupperware Brands Co. will post 4.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Wednesday, December 19th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Tuesday, December 18th. Tupperware Brands’s dividend payout ratio is 56.20%.
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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