Federated Hermes Inc. Has $1.78 Million Stake in Tupperware Brands Co. (NYSE:TUP)

Federated Hermes Inc. trimmed its holdings in shares of Tupperware Brands Co. (NYSE:TUP – Get Rating) by 56.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,997 shares of the company’s stock after selling 351,043 shares during the period. Federated Hermes Inc. owned 0.61% of Tupperware Brands worth $1,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dark Forest Capital Management LP bought a new stake in shares of Tupperware Brands during the second quarter worth approximately $31,000. Next Level Private LLC bought a new stake in shares of Tupperware Brands during the third quarter worth approximately $318,000. MetLife Investment Management LLC raised its stake in shares of Tupperware Brands by 19.0% during the third quarter. MetLife Investment Management LLC now owns 24,348 shares of the company’s stock worth $159,000 after buying an additional 3,894 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Tupperware Brands by 170.0% during the third quarter. SummerHaven Investment Management LLC now owns 114,524 shares of the company’s stock worth $750,000 after buying an additional 72,100 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of Tupperware Brands by 24.3% during the third 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 during the last quarter. 71.39% of the stock is owned by institutional investors.

Tupperware Brands Stock Down 5.1 %

Shares of NYSE:TUP opened at $2.95 on Friday. Tupperware Brands Co. has a 52 week low of $2.93 and a 52 week high of $21.10. The company has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $5.68.

Tupperware Brands (NYSE:TUP – Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.53). Tupperware Brands had a negative net margin of 1.36% and a negative return on equity of 11.11%. The firm had revenue of $313.70 million during the quarter, compared to the consensus estimate of $294.30 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. As a group, equities research analysts anticipate that Tupperware Brands Co. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Thursday, November 24th.

Tupperware Brands Company Profile

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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.