Palo Capital Inc. Acquires Shares of 4,095 Tupperware Brands Co. (TUP)

Palo Capital Inc. acquired a new position in shares of Tupperware Brands Co. (NYSE:TUP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,095 shares of the company’s stock, valued at approximately $137,000.

Several other large investors also recently bought and sold shares of TUP. BlackRock Inc. lifted its stake in shares of Tupperware Brands by 23.8% during the second quarter. BlackRock Inc. now owns 6,906,507 shares of the company’s stock worth $284,824,000 after buying an additional 1,326,438 shares during the period. LGT Capital Partners LTD. acquired a new stake in shares of Tupperware Brands during the second quarter worth $21,834,000. Vulcan Value Partners LLC lifted its stake in shares of Tupperware Brands by 110.9% during the second quarter. Vulcan Value Partners LLC now owns 991,383 shares of the company’s stock worth $40,885,000 after buying an additional 521,386 shares during the period. Northern Trust Corp lifted its stake in shares of Tupperware Brands by 90.5% during the second quarter. Northern Trust Corp now owns 819,230 shares of the company’s stock worth $33,785,000 after buying an additional 389,191 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Tupperware Brands by 104.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 654,336 shares of the company’s stock worth $26,985,000 after buying an additional 333,667 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Shares of Tupperware Brands stock opened at $36.22 on Monday. Tupperware Brands Co. has a 1 year low of $29.82 and a 1 year high of $66.26. The firm has a market cap of $1.81 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.70 and a beta of 1.33.



Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.09. Tupperware Brands had a negative net margin of 8.73% and a negative return on equity of 147.13%. The firm had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $477.65 million. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s revenue was down 10.0% compared to the same quarter last year. As a group, analysts forecast that Tupperware Brands Co. will post 4.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Wednesday, September 19th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 18th. This represents a $2.72 annualized dividend and a dividend yield of 7.51%. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.

Several equities research analysts have recently commented on TUP shares. Zacks Investment Research downgraded shares of Tupperware Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 18th. Argus downgraded shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Bank of America lowered their price objective on shares of Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, October 4th. Citigroup lowered their price objective on shares of Tupperware Brands from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 17th. Finally, Morgan Stanley set a $40.00 price objective on shares of Tupperware Brands and gave the stock a “hold” rating in a research note on Friday. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.00.

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

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