Tupperware Brands Corporation (TUP) : 0.7990+0.1336 (+20.0781%)
52 Week Range 0.6100 - 12.8600
Storage containers and kitchen products company Tupperware Brands Corp
Tupperware Brands Corporation (NYSE:TUP) ranks 7th in our list of the best one dollar stocks to buy according to hedge funds. Insider Monkey’s database shows that 20 hedge funds had stakes in Tupperware Brands Corporation (NYSE:TUP) at the close of the March quarter. The total worth of these stakes was $16 million. The biggest stakeholder of Tupperware Brands Corporation (NYSE:TUP) was DE Shaw which had a $5.1 million stake in the company.
Miller Value Deep Value Strategy made the following comment about Tupperware Brands Corporation (NYSE:TUP) in its Q4 2022 investor letter:
“During the quarter we only had one detractor, Tupperware Brands Corporation (NYSE:TUP) whose share price was down more than 30%. The company is in a midst of a multi-year transformation focused on enhancing their global direct selling business, expanding their omnichannel presence, exiting non-core assets, rolling out new product innovation and enhancing the company technology and supply chain. Tupperware’s revenues have been adversely impacted by significant market weakness in Europe and China along with the company experiencing weaker volumes from implementing recent price increases. Management has undertaken a $100M cost reduction program and with the recent price actions beginning to offset commodity price pressures, the company should see profitability and cash flow generation improve over the coming year. In addition, management continues to make incremental investments in the business to further expand their omni-channel efforts and modernize their infrastructure. While it will take longer for the company to complete the turnaround plan, we believe the current share price has limited value for successfully completing the transformation.”
