Sit Investment Associates Inc. Sells 810 Shares of Tupperware Brands Co. (TUP)
Sit Investment Associates Inc. cut its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,740 shares of the company’s stock after selling 810 shares during the quarter. Sit Investment Associates Inc.’s holdings in Tupperware Brands were worth $423,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Tupperware Brands during the 3rd quarter valued at approximately $102,000. Tower Research Capital LLC TRC bought a new position in shares of Tupperware Brands during the 2nd quarter valued at approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tupperware Brands by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after acquiring an additional 167 shares during the period. Mckinley Capital Management LLC Delaware grew its stake in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after acquiring an additional 2,246 shares during the period. Finally, Cetera Advisor Networks LLC bought a new position in shares of Tupperware Brands during the 3rd quarter valued at approximately $201,000. Institutional investors own 83.66% of the company’s stock.
A number of brokerages recently issued reports on TUP. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday. Morgan Stanley boosted their price target on Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Finally, ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.83.
Tupperware Brands Co. (NYSE TUP) opened at $64.90 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Tupperware Brands Co. has a twelve month low of $54.48 and a twelve month high of $74.36. The company has a market capitalization of $3,300.00, a P/E ratio of 23.60, a P/E/G ratio of 1.05 and a beta of 1.75.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The company had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. During the same period in the previous year, the firm earned $0.87 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. analysts anticipate that Tupperware Brands Co. will post 4.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.19%. Tupperware Brands’s dividend payout ratio is presently 98.91%.
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About Tupperware Brands
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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