Security National Bank of Sioux City Iowa IA trimmed its position in Tupperware Brands Corporation (NYSE:TUP) by 0.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,000 shares of the company’s stock after selling 100 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Tupperware Brands Corporation were worth $843,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Americafirst Capital Management LLC bought a new stake in Tupperware Brands Corporation in the 2nd quarter worth about $327,000. Raymond James Financial Services Advisors Inc. grew its position in Tupperware Brands Corporation by 8.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,992 shares of the company’s stock worth $3,581,000 after purchasing an additional 3,823 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Tupperware Brands Corporation in the 2nd quarter worth about $121,000. Cubist Systematic Strategies LLC grew its position in Tupperware Brands Corporation by 16.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,953 shares of the company’s stock worth $278,000 after purchasing an additional 556 shares in the last quarter. Finally, Sensato Investors LLC grew its position in Tupperware Brands Corporation by 39.8% in the 2nd quarter. Sensato Investors LLC now owns 99,320 shares of the company’s stock worth $6,975,000 after purchasing an additional 28,300 shares in the last quarter. 84.98% of the stock is owned by institutional investors and hedge funds.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $58.54, for a total value of $117,080.00. Following the completion of the transaction, the executive vice president now directly owns 14,765 shares of the company’s stock, valued at $864,343.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 6,000 shares of company stock valued at $361,180 over the last ninety days. Corporate insiders own 3.14% of the company’s stock.
A number of brokerages have issued reports on TUP. Citigroup Inc. upped their price objective on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. ValuEngine downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet downgraded shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.25.
Shares of Tupperware Brands Corporation (NYSE TUP) traded up 0.23% during midday trading on Tuesday, reaching $61.31. 61,264 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $59.20 and a 200-day moving average of $65.34. The stock has a market capitalization of $3.12 billion, a P/E ratio of 19.83 and a beta of 1.64. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. Analysts anticipate that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $2.72 annualized dividend and a yield of 4.45%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 87.74%.
Tupperware Brands Corporation 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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