Sensato Investors LLC lowered its position in Tupperware Brands Co. (NYSE:TUP) by 62.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,020 shares of the company’s stock after selling 118,637 shares during the period. Sensato Investors LLC owned about 0.14% of Tupperware Brands worth $4,454,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. A.R.T. Advisors LLC bought a new position in Tupperware Brands during the fourth quarter worth approximately $1,210,000. American International Group Inc. boosted its position in Tupperware Brands by 3.3% in the first quarter. American International Group Inc. now owns 118,307 shares of the company’s stock worth $7,420,000 after buying an additional 3,834 shares during the period. Comerica Bank boosted its position in Tupperware Brands by 6.1% in the fourth quarter. Comerica Bank now owns 39,268 shares of the company’s stock worth $2,149,000 after buying an additional 2,248 shares during the period. Yorktown Management & Research Co Inc bought a new position in Tupperware Brands during the first quarter worth approximately $201,000. Finally, Washington Trust Bank boosted its position in Tupperware Brands by 342.6% in the first quarter. Washington Trust Bank now owns 3,983 shares of the company’s stock worth $250,000 after buying an additional 3,083 shares during the period. 91.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Tupperware Brands Co. (NYSE TUP) traded up 1.45% during midday trading on Monday, hitting $72.00. 375,111 shares of the stock were exchanged. Tupperware Brands Co. has a 1-year low of $50.42 and a 1-year high of $74.36. The stock’s 50-day moving average price is $71.76 and its 200-day moving average price is $62.34. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 16.08 and a beta of 1.62.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Tuesday, April 25th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. Tupperware Brands had a return on equity of 79.13% and a net margin of 8.54%. The firm had revenue of $554.80 million during the quarter, compared to analyst estimates of $532.58 million. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Tupperware Brands Co. will post $4.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Tuesday, June 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, June 16th. Tupperware Brands’s dividend payout ratio is presently 60.85%.
A number of equities analysts have commented on TUP shares. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, April 6th. B. Riley reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Tupperware Brands in a research report on Sunday, April 23rd. Finally, Sidoti lifted their price objective on shares of Tupperware Brands from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.20.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $62.58, for a total transaction of $125,160.00. Following the completion of the sale, the executive vice president now directly owns 24,765 shares of the company’s stock, valued at approximately $1,549,793.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman E V. Goings sold 54,456 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $72.67, for a total value of $3,957,317.52. Following the sale, the chairman now directly owns 9,459 shares of the company’s stock, valued at $687,385.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,737 shares of company stock valued at $6,059,740. Insiders own 3.14% of the company’s stock.
About Tupperware Brands
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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