Strs Ohio Takes $6.18 Million Position in Tupperware Brands Corporation (NYSE:TUP)

Strs Ohio bought a new stake in Tupperware Brands Corporation (NYSE:TUP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $6,182,000. Strs Ohio owned approximately 0.20% of Tupperware Brands Corporation as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Tupperware Brands Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after acquiring an additional 218,186 shares during the last quarter. State Street Corp lifted its holdings in Tupperware Brands Corporation by 4.3% in the 1st quarter. State Street Corp now owns 1,484,537 shares of the company’s stock valued at $93,112,000 after acquiring an additional 60,718 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Tupperware Brands Corporation by 143.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after acquiring an additional 663,454 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tupperware Brands Corporation by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 917,346 shares of the company’s stock valued at $64,424,000 after acquiring an additional 16,545 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Tupperware Brands Corporation by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock valued at $58,910,000 after buying an additional 20,834 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

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Shares of Tupperware Brands Corporation (NYSE:TUP) traded up $0.18 during trading on Tuesday, hitting $59.01. 429,300 shares of the stock traded hands, compared to its average volume of 512,005. The firm has a market capitalization of $2,993.71, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.72. Tupperware Brands Corporation has a twelve month low of $52.32 and a twelve month high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98.

Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The firm had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. During the same period last year, the business earned $0.87 earnings per share. Tupperware Brands Corporation’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts anticipate that Tupperware Brands Corporation will post 4.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.61%. Tupperware Brands Corporation’s payout ratio is 98.91%.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.56, for a total transaction of $123,120.00. Following the completion of the transaction, the executive vice president now directly owns 12,765 shares in the company, valued at approximately $785,813.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the transaction, the chairman now owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,600 shares of company stock valued at $3,001,976. Corporate insiders own 3.14% of the company’s stock.

A number of analysts have commented on TUP shares. TheStreet raised shares of Tupperware Brands Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday, September 28th. Morgan Stanley increased their price target on shares of Tupperware Brands Corporation from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Tupperware Brands Corporation currently has a consensus rating of “Hold” and an average target price of $68.33.

Tupperware Brands Corporation 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.

Institutional Ownership by Quarter for Tupperware Brands Corporation (NYSE:TUP)

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