Economy

Tupperware Brands Corporation (NYSE:TUP) Experiences Lighter than Usual Trading Volume

Sit Investment Associates Inc. cut its holdings in shares of Tupperware Brands Corporation (NYSE:TUP) by 54.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. TIAA CREF Investment Management LLC now owns 230,083 shares of the company's stock worth $14,431,000 after acquiring an additional 50,030 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in Tupperware Brands Corp.by 1.7% in the third quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its position in Tupperware Brands Corporation by 0.3% during the second quarter. The fund purchased 7,066 shares of the company's stock, valued at approximately $496,000. OppenheimerFunds Inc. grew its holdings in Tupperware Brands Corporation by 10.6% during the first quarter. World Asset Management Inc now owns 4,081 shares of the company's stock valued at $287,000 after purchasing an additional 32 shares during the period. In the last ninety days, insiders sold 6,000 shares of company stock worth $361,180. These holdings make up 85.85% of the company's outstanding shares.

Tupperware Brands Corporation (NYSE:TUP) opened at 61.13 on Tuesday. The firm has a 50-day moving average price of $60.34 and a 200 day moving average price of $65.26. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. That puts the market capitalization at $3.1 bln.

Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, October 25th. For the last period, the company reported quarter over quarter EPS growth of -133.70% and quarter over quarter sales growth of 1.50%.

Tupperware Brands Corporation, launched on February 8, 1996, is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. Tupperware Brands Corp. The firm had revenue of $521.80 million for the quarter, compared to analyst estimates of $528.14 million.

Earnings dropped to $31.4 million in the third quarter, compared to $48.8 million the year before. Tupperware Brands Corporation's revenue for the quarter was up 3.4% compared to the same quarter previous year.

Sell-side analyst recommendations point to a short term price target of $70.4 on the shares of Tupperware Brands Corporation (TUP).

Tupperware also announced that a plant in France that had been operating for 45 would close after the company could not find a buyer. Stockholders 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 4.45%. Tupperware Brands Corporation's payout ratio is now 87.74%. Also, insider Allan Dando sold 620 shares of the stock in a transaction on Tuesday, November 8th. Over the past five trading sessions it is -0.73%; 3.56% for the month; -12.17% for the last quarter; -16.85% for the past six-months; and 0.76% for the last 12 months.

Several research firms recently commented on TUP. Zacks Investment Research downgraded Tupperware Brands Corporation from a "buy" rating to a "hold" rating in a research report on Saturday, July 29th. BidaskClub downgraded Tupperware Brands Corporation from a "buy" rating to a "hold" rating in a report on Monday, July 24th. The count of Hold ratings in that period was 1. The value of the company's investment in Tupperware Brands Corporation decreased from $1,467,000 to $1,180,000 decreasing 19.6% for the reporting period. The consensus rating is 2.9, suggesting the market has given up on the stock.



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