Greenleaf Trust purchased a new stake in Tupperware Brands Co. (NYSE:TUP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,913 shares of the company’s stock, valued at approximately $202,000.
A number of other hedge funds also recently made changes to their positions in TUP. Quadrant Capital Group LLC raised its position in shares of Tupperware Brands by 264.9% during the first quarter. Quadrant Capital Group LLC now owns 1,029 shares of the company’s stock worth $25,000 after purchasing an additional 747 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Tupperware Brands during the 4th quarter valued at about $33,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Tupperware Brands in the first quarter worth approximately $27,000. Trustcore Financial Services LLC purchased a new stake in shares of Tupperware Brands in the first quarter worth approximately $33,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Tupperware Brands in the fourth quarter worth approximately $47,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Tupperware Brands from a “sell” rating to a “hold” rating in a report on Friday. TheStreet raised Tupperware Brands from a “d+” rating to a “c” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Tupperware Brands currently has a consensus rating of “Hold” and a consensus target price of $36.75.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.01). Tupperware Brands had a negative return on equity of 102.79% and a net margin of 7.80%. The company had revenue of $487.30 million during the quarter, compared to the consensus estimate of $496.60 million. During the same period in the previous year, the business earned $0.91 earnings per share. Tupperware Brands’s revenue was down 10.2% on a year-over-year basis. On average, research analysts forecast that Tupperware Brands Co. will post 4.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.08 dividend on an annualized basis and a yield of 5.42%. Tupperware Brands’s payout ratio is 25.12%.
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Tupperware Brands Company Profile
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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