Neuberger Berman Group LLC lifted its stake in shares of Tupperware Brands Corporation (NYSE:TUP) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 22,667 shares of the company’s stock after acquiring an additional 569 shares during the period. Neuberger Berman Group LLC’s holdings in Tupperware Brands Corporation were worth $1,592,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. James Investment Research Inc. bought a new stake in shares of Tupperware Brands Corporation during the 2nd quarter worth $1,392,000. Sei Investments Co. lifted its stake in Tupperware Brands Corporation by 15.0% in the second quarter. Sei Investments Co. now owns 47,064 shares of the company’s stock worth $3,304,000 after purchasing an additional 6,139 shares during the last quarter. American International Group Inc. lifted its stake in Tupperware Brands Corporation by 3.3% in the first quarter. American International Group Inc. now owns 118,307 shares of the company’s stock worth $7,420,000 after purchasing an additional 3,834 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Tupperware Brands Corporation by 3.1% in the second quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the company’s stock worth $927,000 after purchasing an additional 400 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Tupperware Brands Corporation by 54.1% in the first quarter. Nuveen Asset Management LLC now owns 31,666 shares of the company’s stock worth $1,986,000 after purchasing an additional 11,111 shares during the last quarter. 86.33% of the stock is owned by institutional investors.
Tupperware Brands Corporation (TUP) opened at 59.69 on Friday. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The company has a market capitalization of $3.04 billion, a P/E ratio of 19.30 and a beta of 1.62. The stock’s 50 day moving average is $58.54 and its 200 day moving average is $65.31.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business had revenue of $572.90 million during the quarter, compared to analyst estimates of $580.19 million. During the same quarter in the previous year, the business posted $1.16 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.56%. Tupperware Brands Corporation’s dividend payout ratio is currently 87.74%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total value of $120,980.00. Following the completion of the sale, the executive vice president now owns 16,765 shares in the company, valued at approximately $1,014,114.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 6,000 shares of company stock valued at $379,400. Company insiders own 3.22% of the company’s stock.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a research note on Tuesday, May 30th. Sidoti boosted their price target on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. BidaskClub downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet downgraded shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. 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 company’s stock. Tupperware Brands Corporation presently has a consensus rating of “Hold” and an average price target of $71.33.
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.
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 Corporation (NYSE:TUP).
Receive News & Ratings for Tupperware Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.