Stone Ridge Asset Management LLC boosted its position in shares of Tupperware Brands Co. (NYSE:TUP) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,630 shares of the company’s stock after purchasing an additional 979 shares during the period. Stone Ridge Asset Management LLC owned about 0.05% of Tupperware Brands worth $778,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in TUP. Brandywine Global Investment Management LLC grew its stake in shares of Tupperware Brands by 5.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,605,192 shares of the company’s stock worth $50,676,000 after buying an additional 84,813 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Tupperware Brands in the fourth quarter worth $335,000. Geode Capital Management LLC grew its stake in shares of Tupperware Brands by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 522,256 shares of the company’s stock worth $16,487,000 after purchasing an additional 20,654 shares during the last quarter. Fort L.P. grew its stake in shares of Tupperware Brands by 1.5% in the fourth quarter. Fort L.P. now owns 25,883 shares of the company’s stock worth $817,000 after purchasing an additional 383 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Tupperware Brands by 14.0% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.
In other news, Director Susan M. Cameron acquired 3,687 shares of Tupperware Brands stock in a transaction on Thursday, February 7th. The stock was acquired at an average cost of $27.08 per share, with a total value of $99,843.96. Following the transaction, the director now owns 25,156 shares of the company’s stock, valued at approximately $681,224.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman E V. Goings acquired 3,700 shares of Tupperware Brands stock in a transaction on Friday, February 8th. The stock was purchased at an average cost of $26.92 per share, with a total value of $99,604.00. Following the completion of the transaction, the chairman now directly owns 51,243 shares in the company, valued at approximately $1,379,461.56. The disclosure for this purchase can be found here. Insiders purchased a total of 10,887 shares of company stock worth $295,068 in the last 90 days. 3.42% of the stock is currently owned by company insiders.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, January 30th. The company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. Tupperware Brands had a net margin of 7.53% and a negative return on equity of 114.53%. The firm had revenue of $505.90 million for the quarter, compared to analyst estimates of $550.53 million. During the same quarter in the prior year, the business earned $1.59 earnings per share. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. Equities analysts anticipate that Tupperware Brands Co. will post 4.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were issued a $0.27 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.04%. Tupperware Brands’s dividend payout ratio is presently 25.12%.
Several analysts recently weighed in on TUP shares. Zacks Investment Research cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. TheStreet upgraded shares of Tupperware Brands from a “d+” rating to a “c” rating in a report on Friday, March 15th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.75.
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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