Eagle Asset Management Inc. cut its stake in Tupperware Brands Co. (NYSE:TUP) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 473,484 shares of the company’s stock after selling 60,202 shares during the quarter. Eagle Asset Management Inc.’s holdings in Tupperware Brands were worth $29,229,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of TUP. Huber Capital Management LLC increased its stake in shares of Tupperware Brands by 44.3% in the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after acquiring an additional 277,660 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Tupperware Brands in the 4th quarter worth $10,262,000. Strs Ohio acquired a new stake in shares of Tupperware Brands in the 3rd quarter worth $6,182,000. JPMorgan Chase & Co. increased its stake in shares of Tupperware Brands by 90.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 191,578 shares of the company’s stock worth $11,730,000 after acquiring an additional 91,088 shares during the last quarter. Finally, Twin Capital Management Inc. acquired a new stake in shares of Tupperware Brands during the 3rd quarter worth about $4,951,000. 84.03% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on TUP shares. SunTrust Banks cut their price objective on Tupperware Brands to $64.00 and set a “hold” rating for the company in a research report on Thursday, February 1st. Zacks Investment Research downgraded Tupperware Brands from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Finally, TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Tupperware Brands presently has an average rating of “Hold” and a consensus target price of $67.67.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $588.60 million during the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a positive return on equity of 159.90% and a negative net margin of 11.77%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $1.45 EPS. analysts predict that Tupperware Brands Co. will post 5.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be given a $0.68 dividend. 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 currently -52.21%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the transaction, the executive vice president now directly owns 6,765 shares of the company’s stock, valued at approximately $422,338.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.22% of the company’s stock.
Tupperware Brands 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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