PNC Financial Services Group Inc. Sells 999 Shares of Tupperware Brands Corporation (TUP)
PNC Financial Services Group Inc. decreased its stake in Tupperware Brands Corporation (NYSE:TUP) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,345 shares of the company’s stock after selling 999 shares during the period. PNC Financial Services Group Inc.’s holdings in Tupperware Brands Corporation were worth $446,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlueMountain Capital Management LLC bought a new stake in shares of Tupperware Brands Corporation in the 2nd quarter worth approximately $293,000. Amalgamated Bank lifted its holdings in shares of Tupperware Brands Corporation by 25.6% in the 2nd quarter. Amalgamated Bank now owns 10,150 shares of the company’s stock worth $713,000 after purchasing an additional 2,068 shares during the last quarter. Bahl & Gaynor Inc. bought a new stake in shares of Tupperware Brands Corporation in the 2nd quarter worth approximately $688,000. Nationwide Fund Advisors lifted its holdings in shares of Tupperware Brands Corporation by 2.0% in the 2nd quarter. Nationwide Fund Advisors now owns 86,054 shares of the company’s stock worth $6,044,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Bridgewater Associates LP bought a new stake in shares of Tupperware Brands Corporation in the 2nd quarter worth approximately $331,000. 84.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tupperware Brands Corporation (NYSE TUP) opened at 60.64 on Wednesday. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The firm’s 50-day moving average price is $59.81 and its 200 day moving average price is $65.32. The company has a market cap of $3.09 billion, a P/E ratio of 19.61 and a beta of 1.64.
Tupperware Brands Corporation (NYSE:TUP) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The business had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. Tupperware Brands Corporation’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. On average, equities analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio is 87.74%.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. TheStreet downgraded Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. BidaskClub downgraded Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands Corporation in a research note on Thursday, October 12th. Finally, Citigroup Inc. lifted their target price on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Tupperware Brands Corporation presently has a consensus rating of “Hold” and an average target price of $68.25.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $58.54, for a total transaction of $117,080.00. Following the transaction, the executive vice president now owns 14,765 shares of the company’s stock, valued at approximately $864,343.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 6,000 shares of company stock worth $361,180. Company insiders own 3.14% of the company’s stock.
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Tupperware Brands Corporation Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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