Bank of New York Mellon Corp boosted its holdings in shares of Tupperware Brands Co. (NYSE:TUP) by 0.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 846,231 shares of the company’s stock after acquiring an additional 7,401 shares during the period. Bank of New York Mellon Corp owned 1.66% of Tupperware Brands worth $52,314,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in Tupperware Brands by 0.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,033 shares of the company’s stock worth $283,000 after acquiring an additional 14 shares during the period. Alps Advisors Inc. grew its holdings in shares of Tupperware Brands by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,903 shares of the company’s stock valued at $555,000 after buying an additional 21 shares during the period. World Asset Management Inc grew its holdings in shares of Tupperware Brands by 0.8% in the 2nd quarter. World Asset Management Inc now owns 4,081 shares of the company’s stock valued at $287,000 after buying an additional 32 shares during the period. First Allied Advisory Services Inc. grew its holdings in shares of Tupperware Brands by 1.2% in the 2nd quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock valued at $405,000 after buying an additional 66 shares during the period. Finally, State of Wisconsin Investment Board grew its holdings in shares of Tupperware Brands by 0.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 10,073 shares of the company’s stock valued at $707,000 after buying an additional 70 shares during the period. 83.92% of the stock is owned by hedge funds and other institutional investors.

Tupperware Brands Co. (TUP) traded down $1.22 on Monday, reaching $61.90. 364,100 shares of the company traded hands, compared to its average volume of 503,811. The company has a market cap of $3,149.94, a PE ratio of 13.17, a P/E/G ratio of 1.09 and a beta of 1.75. Tupperware Brands Co. has a 1-year low of $52.32 and a 1-year high of $74.36. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. equities research analysts predict that Tupperware Brands Co. will post 4.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 annualized dividend and a yield of 4.39%. Tupperware Brands’s dividend payout ratio is currently 98.91%.

In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total transaction of $118,780.00. Following the sale, the executive vice president now directly owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the sale, the chairman now directly owns 54,059 shares in the company, valued at $3,203,536.34. The disclosure for this sale can be found here. Insiders sold a total of 48,600 shares of company stock worth $2,884,896 over the last ninety days. 3.14% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on TUP. Morgan Stanley boosted their price target on shares of Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Zacks Investment Research lowered shares of Tupperware Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Citigroup boosted their price target on shares of Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $65.00 price target on shares of Tupperware Brands in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.33.

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

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