Marshall Wace LLP Takes $1.32 Million Position in Tupperware Brands Co. (NYSE:TUP)

Marshall Wace LLP acquired a new stake in Tupperware Brands Co. (NYSE:TUP) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 51,620 shares of the company’s stock, valued at approximately $1,321,000. Marshall Wace LLP owned about 0.11% of Tupperware Brands as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TUP. Quadrant Capital Group LLC increased its stake in shares of Tupperware Brands by 264.9% during the first quarter. Quadrant Capital Group LLC now owns 1,029 shares of the company’s stock valued at $25,000 after buying an additional 747 shares during the period. Acadian Asset Management LLC bought a new position in shares of Tupperware Brands during the fourth quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new position in Tupperware Brands in the first quarter valued at about $27,000. Trustcore Financial Services LLC bought a new position in Tupperware Brands in the first quarter valued at about $33,000. Finally, NumerixS Investment Technologies Inc bought a new position in Tupperware Brands in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Shares of NYSE:TUP traded up $0.30 during trading on Thursday, hitting $18.10. The company had a trading volume of 472,341 shares, compared to its average volume of 761,415. The company has a market cap of $867.57 million, a PE ratio of 4.21, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. Tupperware Brands Co. has a one year low of $17.02 and a one year high of $41.70. The stock has a fifty day moving average price of $19.06.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). The company had revenue of $487.30 million during the quarter, compared to the consensus estimate of $496.60 million. Tupperware Brands had a net margin of 7.80% and a negative return on equity of 102.79%. Tupperware Brands’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, equities analysts expect that Tupperware Brands Co. will post 4.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Wednesday, June 19th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Tuesday, June 18th. Tupperware Brands’s dividend payout ratio is currently 25.12%.

TUP has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of Healthequity in a report on Friday, June 28th. Bank of America lowered their target price on Canopy Growth from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, June 19th. Finally, Zacks Investment Research downgraded CLP from a “hold” rating to a “sell” rating in a report on Thursday. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and an average price target of $30.00.

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.

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

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