Tupperware Brands Corporation (NYSE:TUP) Position Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 13.8% during the first quarter, Holdings Channel reports. The institutional investor owned 386,325 shares of the company’s stock after buying an additional 46,734 shares during the period. Geode Capital Management LLC’s holdings in Tupperware Brands Corporation were worth $24,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Tupperware Brands Corporation during the fourth quarter worth $21,925,000. Miller Howard Investments Inc. NY purchased a new position in shares of Tupperware Brands Corporation during the first quarter worth $25,917,000. WBI Investments Inc. purchased a new position in shares of Tupperware Brands Corporation during the first quarter worth $17,503,000. Thrivent Financial For Lutherans raised its position in shares of Tupperware Brands Corporation by 215.8% in the first quarter. Thrivent Financial For Lutherans now owns 395,301 shares of the company’s stock worth $24,793,000 after buying an additional 270,111 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Tupperware Brands Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock worth $282,221,000 after buying an additional 218,186 shares in the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tupperware Brands Corporation (NYSE TUP) opened at 69.58 on Monday. The stock has a market cap of $3.53 billion, a P/E ratio of 15.54 and a beta of 1.64. The stock has a 50 day moving average price of $71.31 and a 200-day moving average price of $63.32. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36.

Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The firm had revenue of $554.80 million for the quarter, compared to analysts’ expectations of $532.58 million. Tupperware Brands Corporation had a return on equity of 107.77% and a net margin of 10.15%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Equities analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Tuesday, June 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Friday, June 16th. Tupperware Brands Corporation’s dividend payout ratio (DPR) is presently 60.85%.

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TUP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, April 6th. B. Riley restated a “neutral” rating and issued a $54.00 target price on shares of Tupperware Brands Corporation in a research note on Sunday, April 23rd. Finally, Sidoti upped their target price on Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Tupperware Brands Corporation currently has a consensus rating of “Hold” and a consensus target price of $68.20.

In related news, COO Patricia A. Stitzel sold 3,500 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $72.48, for a total value of $253,680.00. Following the transaction, the chief operating officer now owns 7,627 shares in the company, valued at approximately $552,804.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lillian D. Garcia sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $72.38, for a total value of $144,760.00. Following the completion of the transaction, the insider now owns 9,914 shares in the company, valued at approximately $717,575.32. The disclosure for this sale can be found here. Insiders sold a total of 83,737 shares of company stock worth $6,075,920 in the last 90 days. 3.22% of the stock is currently owned by insiders.

Tupperware Brands Corporation 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 Corporation (NYSE:TUP)

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