Aperio Group LLC lifted its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 62.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,866 shares of the company’s stock after buying an additional 21,025 shares during the quarter. Aperio Group LLC owned approximately 0.11% of Tupperware Brands worth $1,835,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in TUP. Legal & General Group Plc lifted its holdings in Tupperware Brands by 5.0% in the first quarter. Legal & General Group Plc now owns 77,093 shares of the company’s stock valued at $3,729,000 after buying an additional 3,698 shares during the period. Royal Bank of Canada lifted its holdings in Tupperware Brands by 68.1% in the first quarter. Royal Bank of Canada now owns 72,643 shares of the company’s stock valued at $3,515,000 after buying an additional 29,421 shares during the period. Gateway Investment Advisers LLC acquired a new position in Tupperware Brands in the second quarter valued at $1,182,000. Trust Department MB Financial Bank N A acquired a new position in Tupperware Brands in the second quarter valued at $260,000. Finally, LGT Capital Partners LTD. acquired a new position in Tupperware Brands in the second quarter valued at $21,834,000. 85.56% of the stock is owned by institutional investors and hedge funds.
TUP opened at $37.03 on Friday. Tupperware Brands Co. has a fifty-two week low of $29.82 and a fifty-two week high of $66.26. The stock has a market capitalization of $1.85 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07.
Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, October 24th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.09. Tupperware Brands had a negative net margin of 8.73% and a negative return on equity of 145.79%. The company had revenue of $485.80 million for the quarter, compared to analyst estimates of $477.65 million. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. Analysts expect that Tupperware Brands Co. will post 4.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Wednesday, December 19th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 7.35%. Tupperware Brands’s dividend payout ratio is presently 56.20%.
Several equities analysts have recently weighed in on TUP shares. Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 18th. Argus lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Bank of America lowered their target price on shares of Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, October 4th. Citigroup lowered their target price on shares of Tupperware Brands from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, October 17th. Finally, Morgan Stanley set a $40.00 target price on shares of Tupperware Brands and gave the stock a “hold” rating in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.
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About Tupperware Brands
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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