ExodusPoint Capital Management LP Invests $223,000 in Tupperware Brands Co. (NYSE:TUP)

ExodusPoint Capital Management LP purchased a new position in shares of Tupperware Brands Co. (NYSE:TUP – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,082 shares of the company’s stock, valued at approximately $223,000. ExodusPoint Capital Management LP owned 0.08% of Tupperware Brands at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Tupperware Brands by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 3,436,327 shares of the company’s stock worth $66,837,000 after purchasing an additional 91,951 shares during the period. State Street Corp grew its holdings in Tupperware Brands by 0.5% in the 2nd quarter. State Street Corp now owns 1,929,315 shares of the company’s stock worth $12,232,000 after buying an additional 8,809 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Tupperware Brands by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 788,888 shares of the company’s stock worth $15,345,000 after buying an additional 55,081 shares in the last quarter. LSV Asset Management grew its holdings in Tupperware Brands by 24.3% in the 3rd quarter. LSV Asset Management now owns 781,600 shares of the company’s stock worth $5,119,000 after buying an additional 152,755 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in Tupperware Brands by 6,922,566.7% in the 2nd quarter. Federated Hermes Inc. now owns 623,040 shares of the company’s stock worth $3,950,000 after buying an additional 623,031 shares in the last quarter. 71.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Tupperware Brands from a “buy” rating to a “hold” rating in a report on Thursday, November 24th.

Tupperware Brands Stock Up 4.6 %

TUP opened at $3.84 on Friday. The stock has a fifty day moving average of $4.19 and a 200-day moving average of $6.02. The firm has a market capitalization of $170.80 million, a P/E ratio of -9.60, a PEG ratio of 0.34 and a beta of 2.24. Tupperware Brands Co. has a 12-month low of $3.00 and a 12-month high of $21.10.

Tupperware Brands (NYSE:TUP – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.53). The business had revenue of $313.70 million during the quarter, compared to analysts’ expectations of $294.30 million. Tupperware Brands had a negative net margin of 1.36% and a negative return on equity of 11.11%. Tupperware Brands’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 EPS. On average, analysts expect that Tupperware Brands Co. will post 0.86 earnings per share for the current fiscal year.

About Tupperware Brands

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Tupperware Brands Corp. operates as a direct-to-consumer marketer of products across multiple brands and categories. It operates through the following geographical segments: Europe, Asia Pacific, North America and South America. product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand, and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics and Nuvo brands.