Advisory Services Network LLC cut its position in shares of Tupperware Brands Co. (NYSE:TUP) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 15,953 shares of the company’s stock after selling 1,415 shares during the period. Advisory Services Network LLC’s holdings in Tupperware Brands were worth $1,000,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TUP. Balyasny Asset Management LLC bought a new position in shares of Tupperware Brands during the 2nd quarter valued at about $266,000. Royal Bank of Canada increased its position in shares of Tupperware Brands by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 55,120 shares of the company’s stock valued at $3,872,000 after purchasing an additional 273 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Tupperware Brands by 16.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,953 shares of the company’s stock valued at $278,000 after purchasing an additional 556 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Tupperware Brands by 157.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,954 shares of the company’s stock valued at $3,298,000 after purchasing an additional 28,715 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Tupperware Brands during the 2nd quarter valued at about $321,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $62.07, for a total transaction of $124,140.00. Following the completion of the sale, the executive vice president now directly owns 10,665 shares in the company, valued at approximately $661,976.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.
Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.09. The company had revenue of $588.60 million during the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a positive return on equity of 159.90% and a negative net margin of 11.77%. Tupperware Brands’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 EPS. equities analysts predict that Tupperware Brands Co. will post 5.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 5.34%. The ex-dividend date is Monday, March 19th. Tupperware Brands’s dividend payout ratio is presently -52.21%.
Several equities analysts have recently commented on TUP shares. TheStreet upgraded Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Wednesday, December 13th. Morgan Stanley increased their price objective on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Tupperware Brands has a consensus rating of “Hold” and a consensus price target of $67.67.
COPYRIGHT VIOLATION NOTICE: This article was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2018/02/18/advisory-services-network-llc-sells-1415-shares-of-tupperware-brands-co-tup.html.
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.
Want to see what other hedge funds are holding TUP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tupperware Brands Co. (NYSE:TUP).
Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.