Federated Hermes Inc. increased its holdings in shares of Tupperware Brands Co. (NYSE:TUP – Free Report) by 134.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,009 shares of the company’s stock after purchasing an additional 210,101 shares during the quarter. Federated Hermes Inc. owned approximately 0.82% of Tupperware Brands worth $915,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TUP. Vanguard Group Inc. boosted its holdings in shares of Tupperware Brands by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 3,436,327 shares of the company’s stock valued at $66,837,000 after buying an additional 91,951 shares in the last quarter. Millennium Management LLC boosted its stake in Tupperware Brands by 284.2% in the fourth quarter. Millennium Management LLC now owns 2,111,654 shares of the company’s stock valued at $8,742,000 after acquiring an additional 1,562,006 shares in the last quarter. State Street Corp grew its holdings in shares of Tupperware Brands by 0.5% during the second quarter. State Street Corp now owns 1,929,315 shares of the company’s stock worth $12,232,000 after purchasing an additional 8,809 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tupperware Brands by 28.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,447,261 shares of the company’s stock worth $5,992,000 after purchasing an additional 317,608 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Tupperware Brands by 37.0% in the 4th quarter. LSV Asset Management now owns 1,070,810 shares of the company’s stock valued at $4,433,000 after purchasing an additional 289,210 shares during the last quarter. 65.60% of the stock is owned by institutional investors and hedge funds.
Tupperware Brands Stock Performance
Shares of NYSE:TUP opened at $2.46 on Monday. Tupperware Brands Co. has a one year low of $0.61 and a one year high of $12.24. The company has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $2.06. The stock has a market capitalization of $109.42 million, a price-to-earnings ratio of -6.15, a PEG ratio of 0.57 and a beta of 2.66.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Tupperware Brands in a research report on Thursday. They set a “hold” rating on the stock.
About Tupperware Brands
Tupperware Brands Corporation operates as a consumer products company worldwide. The company manufactures, markets, and sells 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.