Pacer Advisors Inc. Buys 7,746 Shares of Tupperware Brands Co. (NYSE:TUP)

Pacer Advisors Inc. lifted its stake in shares of Tupperware Brands Co. (NYSE:TUP) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,108 shares of the company’s stock after acquiring an additional 7,746 shares during the quarter. Pacer Advisors Inc. owned about 0.06% of Tupperware Brands worth $430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TUP. Signaturefd LLC boosted its stake in shares of Tupperware Brands by 1,143.1% during the 2nd quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock worth $27,000 after acquiring an additional 1,326 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in shares of Tupperware Brands by 366.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,790 shares of the company’s stock worth $91,000 after purchasing an additional 3,762 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Tupperware Brands by 154.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,964 shares of the company’s stock worth $133,000 after purchasing an additional 4,226 shares during the last quarter. US Bancorp DE lifted its position in shares of Tupperware Brands by 9.4% during the 2nd quarter. US Bancorp DE now owns 8,489 shares of the company’s stock worth $162,000 after purchasing an additional 731 shares during the last quarter. Finally, Zebra Capital Management LLC acquired a new position in shares of Tupperware Brands during the 2nd quarter worth about $208,000. Institutional investors own 84.74% of the company’s stock.

NYSE TUP opened at $16.01 on Tuesday. Tupperware Brands Co. has a twelve month low of $12.00 and a twelve month high of $38.90. The stock has a market capitalization of $783.11 million, a PE ratio of 3.72, a P/E/G ratio of 0.39 and a beta of 0.98. The stock has a 50-day simple moving average of $15.28 and a 200 day simple moving average of $18.49.

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

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Wednesday, September 18th were issued a $0.27 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $1.08 annualized dividend and a yield of 6.75%. Tupperware Brands’s dividend payout ratio (DPR) is 25.12%.

Several equities analysts recently weighed in on TUP shares. Zacks Investment Research cut Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine raised Tupperware Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Citigroup cut their price objective on Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and a consensus price target of $30.00.

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

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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