Mcclain Value Management LLC Makes New Investment in Tupperware Brands Co. (NYSE:TUP)

Mcclain Value Management LLC acquired a new position in shares of Tupperware Brands Co. (NYSE:TUP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 184,866 shares of the company’s stock, valued at approximately $2,934,000. Tupperware Brands makes up approximately 3.7% of Mcclain Value Management LLC’s portfolio, making the stock its 14th biggest holding. Mcclain Value Management LLC owned 0.38% of Tupperware Brands as of its most recent SEC filing.

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A number of other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in Tupperware Brands by 1,143.1% in the 2nd quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock valued at $27,000 after buying an additional 1,326 shares during the last quarter. Quadrant Capital Group LLC raised its position in Tupperware Brands by 962.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,115 shares of the company’s stock valued at $31,000 after buying an additional 1,916 shares during the last quarter. Point72 Hong Kong Ltd increased its position in shares of Tupperware Brands by 366.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,790 shares of the company’s stock worth $91,000 after purchasing an additional 3,762 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Tupperware Brands by 154.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,964 shares of the company’s stock worth $133,000 after purchasing an additional 4,226 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Tupperware Brands by 9.4% during the 2nd quarter. US Bancorp DE now owns 8,489 shares of the company’s stock worth $162,000 after purchasing an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 84.18% of the company’s stock.

TUP traded up $0.08 during trading on Friday, hitting $8.63. The stock had a trading volume of 1,548,400 shares, compared to its average volume of 935,969. The company has a 50 day moving average price of $13.90 and a 200-day moving average price of $16.84. The firm has a market cap of $464.54 million, a price-to-earnings ratio of 2.01, a P/E/G ratio of 0.28 and a beta of 0.93. Tupperware Brands Co. has a one year low of $8.32 and a one year high of $38.73.

Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, October 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.20). The company had revenue of $418.10 million for 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 business’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, sell-side analysts expect that Tupperware Brands Co. will post 2.8 EPS for the current fiscal year.

Several research analysts have weighed in on the company. ValuEngine raised Tupperware Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered Tupperware Brands from a “hold” rating to a “sell” rating in a report on Sunday, November 3rd. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Tupperware Brands presently has an average rating of “Sell” and a consensus 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.

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

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