Tupperware Brands Corporation (NYSE:TUP) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund raised its position in Tupperware Brands Corporation (NYSE:TUP) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,035 shares of the company’s stock after buying an additional 350 shares during the period. Texas Permanent School Fund owned about 0.07% of Tupperware Brands Corporation worth $2,601,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TUP. Dubuque Bank & Trust Co. increased its position in shares of Tupperware Brands Corporation by 1,066.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,750 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares during the period. Founders Capital Management acquired a new position in shares of Tupperware Brands Corporation during the first quarter worth approximately $110,000. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tupperware Brands Corporation during the first quarter worth approximately $110,000. Huntington National Bank increased its position in shares of Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 212 shares during the period. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Tupperware Brands Corporation during the first quarter worth approximately $125,000. 90.42% of the stock is owned by institutional investors.

Shares of Tupperware Brands Corporation (NYSE TUP) traded down 0.21% during trading on Friday, hitting $57.05. The stock had a trading volume of 319,167 shares. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36. The stock has a market cap of $2.90 billion, a P/E ratio of 18.45 and a beta of 1.61. The stock’s 50 day moving average price is $64.35 and its 200-day moving average price is $65.54.

Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same period last year, the business earned $1.16 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.77%. Tupperware Brands Corporation’s payout ratio is 87.74%.

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A number of brokerages recently commented on TUP. TheStreet downgraded shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. BidaskClub downgraded Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Sidoti upped their price target on Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $54.00 price target on shares of Tupperware Brands Corporation in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $71.33.

In related news, EVP Thomas M. Roehlk sold 12,250 shares of Tupperware Brands Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $72.75, for a total transaction of $891,187.50. Following the sale, the executive vice president now directly owns 33,015 shares in the company, valued at approximately $2,401,841.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $71.94, for a total transaction of $143,880.00. Following the sale, the executive vice president now owns 20,765 shares in the company, valued at $1,493,834.10. The disclosure for this sale can be found here. Insiders sold a total of 21,200 shares of company stock worth $1,508,578 over the last 90 days. Company insiders own 3.22% of the company’s stock.

Tupperware Brands Corporation Company 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.

Institutional Ownership by Quarter for Tupperware Brands Corporation (NYSE:TUP)

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