Comerica Bank Has $889,000 Holdings in Tupperware Brands Co. (NYSE:TUP)

Comerica Bank boosted its holdings in shares of Tupperware Brands Co. (NYSE:TUP) by 47.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,476 shares of the company’s stock after buying an additional 18,072 shares during the quarter. Comerica Bank owned approximately 0.12% of Tupperware Brands worth $889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE grew its position in shares of Tupperware Brands by 9.4% in the second quarter. US Bancorp DE now owns 8,489 shares of the company’s stock valued at $162,000 after purchasing an additional 731 shares during the last quarter. Signaturefd LLC grew its position in shares of Tupperware Brands by 1,143.1% in the second quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock valued at $27,000 after purchasing an additional 1,326 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Tupperware Brands by 4.7% in the third quarter. Moody National Bank Trust Division now owns 30,883 shares of the company’s stock valued at $490,000 after purchasing an additional 1,383 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Tupperware Brands by 962.8% in the third quarter. Quadrant Capital Group LLC now owns 2,115 shares of the company’s stock valued at $31,000 after purchasing an additional 1,916 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan grew its position in shares of Tupperware Brands by 14.3% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 16,000 shares of the company’s stock valued at $304,000 after purchasing an additional 2,000 shares during the last quarter. 85.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TUP stock opened at $8.05 on Tuesday. The stock has a market cap of $418.09 million, a P/E ratio of 1.87, a price-to-earnings-growth ratio of 0.25 and a beta of 0.93. The stock has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $16.54. Tupperware Brands Co. has a 1 year low of $7.82 and a 1 year high of $38.73.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.20). The company had revenue of $418.10 million during the quarter, compared to the consensus estimate of $437.29 million. Tupperware Brands had a net margin of 5.37% and a negative return on equity of 92.53%. The company’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities research analysts predict that Tupperware Brands Co. will post 2.8 earnings per share for the current fiscal year.

Several equities analysts have recently commented on TUP shares. ValuEngine raised Tupperware Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Tupperware Brands presently has an average rating of “Sell” and an average target price of $26.67.

Tupperware Brands Company 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: Dividend

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

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