Rational Advisors LLC purchased a new position in shares of Tupperware Brands Co. (NYSE:TUP) in the first quarter, Holdings Channel reports. The fund purchased 7,180 shares of the company’s stock, valued at approximately $184,000.
Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Tupperware Brands by 264.9% in the first quarter. Quadrant Capital Group LLC now owns 1,029 shares of the company’s stock valued at $25,000 after buying an additional 747 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Tupperware Brands in the first quarter valued at $27,000. Acadian Asset Management LLC acquired a new stake in shares of Tupperware Brands in the fourth quarter valued at $33,000. Trustcore Financial Services LLC acquired a new stake in shares of Tupperware Brands in the first quarter valued at $33,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Tupperware Brands in the fourth quarter valued at $47,000. Institutional investors own 82.74% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Tupperware Brands from a “sell” rating to a “hold” rating in a report on Friday. TheStreet upgraded 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 assigned a hold rating to the company. Tupperware Brands has a consensus rating of “Hold” and an average price target of $36.75.
Shares of Tupperware Brands stock opened at $20.86 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of 4.85, a PEG ratio of 0.46 and a beta of 0.80. Tupperware Brands Co. has a fifty-two week low of $20.46 and a fifty-two week high of $45.90.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The company had revenue of $487.30 million for the quarter, compared to analyst estimates of $496.60 million. Tupperware Brands had a negative return on equity of 102.79% and a net margin of 7.80%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Analysts forecast that Tupperware Brands Co. will post 4.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, June 18th. Tupperware Brands’s dividend payout ratio (DPR) is presently 25.12%.
Tupperware Brands 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.
Further Reading: Are all No-Load Funds Equal?
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