Oppenheimer Asset Management Inc. lifted its position in Tupperware Brands Co. (NYSE:TUP) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,962 shares of the company’s stock after purchasing an additional 1,610 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Tupperware Brands were worth $536,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in Tupperware Brands by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,956,652 shares of the company’s stock valued at $219,622,000 after purchasing an additional 32,673 shares during the period. Brandywine Global Investment Management LLC grew its stake in Tupperware Brands by 5.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,605,192 shares of the company’s stock worth $50,676,000 after purchasing an additional 84,813 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Tupperware Brands by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,256,677 shares of the company’s stock worth $39,674,000 after purchasing an additional 154,655 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tupperware Brands by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,029,303 shares of the company’s stock worth $32,495,000 after purchasing an additional 126,607 shares in the last quarter. Finally, Norges Bank acquired a new position in Tupperware Brands during the 4th quarter worth $18,910,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.
Shares of NYSE:TUP traded down $0.62 on Wednesday, hitting $19.41. 646,360 shares of the company’s stock were exchanged, compared to its average volume of 573,288. The stock has a market cap of $1.02 billion, a P/E ratio of 4.51, a P/E/G ratio of 0.43 and a beta of 0.80. Tupperware Brands Co. has a 1-year low of $20.46 and a 1-year high of $45.90.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The firm had revenue of $487.30 million during the quarter, compared to analyst estimates of $496.60 million. Tupperware Brands had a net margin of 7.80% and a negative return on equity of 102.79%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, research analysts forecast that Tupperware Brands Co. will post 4.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.56%. The ex-dividend date is Tuesday, June 18th. Tupperware Brands’s dividend payout ratio is presently 25.12%.
Several research analysts recently commented on TUP shares. Zacks Investment Research raised Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Saturday, March 23rd. TheStreet raised Tupperware Brands from a “d+” rating to a “c” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.75.
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About Tupperware Brands
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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