LGT Capital Partners LTD. Acquires 34,280 Shares of Tupperware Brands Co. (TUP)

LGT Capital Partners LTD. grew its holdings in shares of Tupperware Brands Co. (NYSE:TUP) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,020 shares of the company’s stock after acquiring an additional 34,280 shares during the period. Tupperware Brands comprises approximately 2.2% of LGT Capital Partners LTD.’s holdings, making the stock its 16th largest position. LGT Capital Partners LTD.’s holdings in Tupperware Brands were worth $23,138,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Tupperware Brands during the 3rd quarter valued at $102,000. Tower Research Capital LLC TRC bought a new stake in shares of Tupperware Brands during the 2nd quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tupperware Brands by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after acquiring an additional 167 shares during the period. Mckinley Capital Management LLC Delaware grew its position in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after acquiring an additional 2,246 shares during the period. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Tupperware Brands during the 3rd quarter valued at $201,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Tupperware Brands from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Morgan Stanley upped their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Finally, Citigroup upped their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.83.

In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the sale, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total transaction of $118,780.00. Following the completion of the sale, the executive vice president now owns 10,765 shares in the company, valued at approximately $639,333.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,600 shares of company stock worth $3,010,776. Corporate insiders own 3.14% of the company’s stock.

Shares of Tupperware Brands Co. (TUP) traded up $0.04 during trading on Thursday, reaching $63.44. 53,987 shares of the company traded hands, compared to its average volume of 372,200. The company has a market cap of $3,230.00, a P/E ratio of 23.07, a P/E/G ratio of 1.03 and a beta of 1.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands Co. has a one year low of $53.65 and a one year high of $74.36.

Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. Tupperware Brands’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. analysts anticipate that Tupperware Brands Co. will post 4.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.29%. The ex-dividend date was Tuesday, December 19th. Tupperware Brands’s payout ratio is currently 98.91%.

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Tupperware Brands 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.

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

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