Bank of Nova Scotia decreased its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 40.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the company’s stock after selling 14,000 shares during the period. Bank of Nova Scotia’s holdings in Tupperware Brands Corporation were worth $1,317,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Tupperware Brands Corporation during the fourth quarter worth about $3,040,000. Comerica Bank raised its position in shares of Tupperware Brands Corporation by 6.1% in the fourth quarter. Comerica Bank now owns 39,268 shares of the company’s stock worth $2,149,000 after buying an additional 2,248 shares during the period. Janus Capital Management LLC raised its position in shares of Tupperware Brands Corporation by 163.0% in the fourth quarter. Janus Capital Management LLC now owns 121,000 shares of the company’s stock worth $6,367,000 after buying an additional 75,000 shares during the period. Norges Bank acquired a new position in shares of Tupperware Brands Corporation during the fourth quarter worth about $21,925,000. Finally, Highbridge Capital Management LLC raised its position in shares of Tupperware Brands Corporation by 53.6% in the fourth quarter. Highbridge Capital Management LLC now owns 7,938 shares of the company’s stock worth $418,000 after buying an additional 2,770 shares during the period. Hedge funds and other institutional investors own 90.21% of the company’s stock.
Tupperware Brands Corporation (TUP) opened at 69.58 on Monday. The company 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 1-year low of $52.32 and a 1-year high of $74.36. The firm has a market capitalization of $3.53 billion, a P/E ratio of 15.54 and a beta of 1.64.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Tuesday, April 25th. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. The company had revenue of $554.80 million for the quarter, compared to the consensus estimate of $532.58 million. Tupperware Brands Corporation had a return on equity of 107.77% and a net margin of 10.15%. Tupperware Brands Corporation’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Tuesday, June 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, June 16th. This represents a $2.72 dividend on an annualized basis and a yield of 3.91%. Tupperware Brands Corporation’s payout ratio is 60.85%.
TUP has been the topic of a number of recent analyst 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 report on Thursday, April 6th. B. Riley reiterated a “neutral” rating and set a $54.00 target price on shares of Tupperware Brands Corporation in a research report on Sunday, April 23rd. Finally, Sidoti increased their target price on Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Tupperware Brands Corporation currently has a consensus rating of “Hold” and a consensus price target of $68.20.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $70.67, for a total transaction of $141,340.00. Following the sale, the executive vice president now directly owns 20,665 shares in the company, valued at $1,460,395.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 12,250 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $72.75, for a total value of $891,187.50. Following the sale, the executive vice president now owns 33,015 shares in the company, valued at $2,401,841.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,737 shares of company stock worth $6,075,920. 3.22% of the stock is owned by company insiders.
About Tupperware Brands Corporation
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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