Janus Capital Management LLC cut its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 81.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,900 shares of the company’s stock after selling 99,100 shares during the period. Janus Capital Management LLC’s holdings in Tupperware Brands Corporation were worth $1,374,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Dubuque Bank & Trust Co. increased its stake in Tupperware Brands Corporation by 1,066.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,750 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares during the last quarter. Founders Capital Management acquired a new position in shares of Tupperware Brands Corporation during the first quarter worth about $110,000. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tupperware Brands Corporation during the first quarter worth about $110,000. Huntington National Bank raised its position in shares of Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 212 shares during the period. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Tupperware Brands Corporation during the first quarter worth about $125,000. Institutional investors own 90.25% of the company’s stock.
Tupperware Brands Corporation (NYSE TUP) opened at 69.99 on Thursday. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 15.63 and a beta of 1.64. The firm’s 50-day moving average is $70.76 and its 200 day moving average is $64.90.
Tupperware Brands Corporation (NYSE:TUP) last announced its earnings results on Tuesday, April 25th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $554.80 million during 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%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, equities analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Tuesday, June 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, June 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.89%. Tupperware Brands Corporation’s dividend payout ratio is presently 60.85%.
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A number of research analysts recently issued reports on TUP shares. Zacks Investment Research upgraded shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, April 6th. B. Riley reiterated a “neutral” rating and issued a $54.00 price objective on shares of Tupperware Brands Corporation in a report on Sunday, April 23rd. Sidoti raised their price objective on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, BidaskClub lowered shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $67.40.
In related news, SVP Josef Hajek sold 2,950 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $71.59, for a total transaction of $211,190.50. Following the completion of the transaction, the senior vice president now owns 6,304 shares in the company, valued at $451,303.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $70.67, for a total value of $141,340.00. Following the transaction, the executive vice president now owns 20,665 shares of the company’s stock, valued at approximately $1,460,395.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,737 shares of company stock valued at $6,075,920. 3.22% of the stock is owned by corporate 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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