Strs Ohio decreased its stake in Tupperware Brands Co. (NYSE:TUP) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,900 shares of the company’s stock after selling 15,710 shares during the period. Strs Ohio owned 0.40% of Tupperware Brands worth $3,727,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of TUP. Legal & General Group Plc boosted its holdings in shares of Tupperware Brands by 4.2% in the 4th quarter. Legal & General Group Plc now owns 74,820 shares of the company’s stock valued at $2,362,000 after buying an additional 3,015 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Tupperware Brands by 244.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 19,650 shares of the company’s stock valued at $620,000 after purchasing an additional 13,939 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Tupperware Brands by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,029,303 shares of the company’s stock valued at $32,495,000 after purchasing an additional 126,607 shares during the last quarter. Norges Bank purchased a new stake in Tupperware Brands in the 4th quarter valued at $18,910,000. Finally, Geode Capital Management LLC raised its position in Tupperware Brands by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 522,256 shares of the company’s stock valued at $16,487,000 after purchasing an additional 20,654 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Bank of America reiterated an “underperform” rating and issued a $20.00 price target (down previously from $24.00) on shares of Tupperware Brands in a research report on Wednesday, June 19th. Finally, Citigroup reduced their price target on shares of Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Tupperware Brands presently has a consensus rating of “Hold” and an average target price of $30.00.
Tupperware Brands stock traded down $0.69 during trading hours on Friday, reaching $14.81. 592,079 shares of the stock were exchanged, compared to its average volume of 1,112,706. The stock has a market capitalization of $753.84 million, a PE ratio of 3.75, a P/E/G ratio of 0.37 and a beta of 0.91. Tupperware Brands Co. has a 52-week low of $14.11 and a 52-week high of $38.90. The company’s 50 day moving average price is $17.30.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.04). The firm had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $503.40 million. Tupperware Brands had a negative return on equity of 98.57% and a net margin of 6.79%. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. Research analysts forecast that Tupperware Brands Co. will post 3.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.29%. Tupperware Brands’s dividend payout ratio (DPR) is presently 25.12%.
Tupperware Brands Profile
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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