State of Alaska Department of Revenue Invests $594,000 in Tupperware Brands Co. (NYSE:TUP)

State of Alaska Department of Revenue bought a new position in Tupperware Brands Co. (NYSE:TUP) in the 3rd quarter, Holdings Channel.com reports. The fund bought 37,480 shares of the company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TUP. Hancock Whitney Corp boosted its holdings in shares of Tupperware Brands by 11.2% in the 2nd quarter. Hancock Whitney Corp now owns 35,642 shares of the company’s stock valued at $679,000 after buying an additional 3,596 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Tupperware Brands by 195.8% in the 2nd quarter. Mackenzie Financial Corp now owns 803,427 shares of the company’s stock valued at $15,289,000 after buying an additional 531,784 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Tupperware Brands by 746.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 181,491 shares of the company’s stock valued at $3,454,000 after buying an additional 160,038 shares during the period. Royal Bank of Canada boosted its holdings in shares of Tupperware Brands by 5.1% in the 2nd quarter. Royal Bank of Canada now owns 496,478 shares of the company’s stock valued at $9,448,000 after buying an additional 23,882 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Tupperware Brands by 19.8% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 25,186 shares of the company’s stock valued at $479,000 after buying an additional 4,156 shares during the period. 84.69% of the stock is owned by institutional investors.

In related news, Director Kriss Cloninger III purchased 4,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $60,000.00. Following the transaction, the director now owns 53,809 shares of the company’s stock, valued at $807,135. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E V. Goings purchased 33,500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $15.00 per share, for a total transaction of $502,500.00. Following the completion of the transaction, the director now directly owns 103,853 shares in the company, valued at approximately $1,557,795. The disclosure for this purchase can be found here. Insiders own 4.58% of the company’s stock.

A number of research firms have issued reports on TUP. Citigroup reduced their target price on shares of Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Zacks Investment Research raised shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Finally, ValuEngine raised shares of Tupperware Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.00.

Tupperware Brands stock traded down $0.36 during midday trading on Friday, reaching $15.69. 10,272 shares of the stock traded hands, compared to its average volume of 1,109,717. The firm has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $18.68. The firm has a market cap of $775.76 million, a price-to-earnings ratio of 3.70, a PEG ratio of 0.38 and a beta of 0.98. Tupperware Brands Co. has a fifty-two week low of $12.00 and a fifty-two week high of $38.90.

Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, July 24th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04). The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $503.40 million. Tupperware Brands had a net margin of 6.79% and a negative return on equity of 98.57%. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, research analysts expect that Tupperware Brands Co. will post 3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend was Tuesday, September 17th. Tupperware Brands’s payout ratio is 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.

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

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