Burns J W & Co. Inc. NY Sells 519 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Burns J W & Co. Inc. NY decreased its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,111 shares of the company’s stock after selling 519 shares during the period. Burns J W & Co. Inc. NY’s holdings in Tootsie Roll Industries were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TR. Allspring Global Investments Holdings LLC increased its stake in shares of Tootsie Roll Industries by 11.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 842,228 shares of the company’s stock worth $27,996,000 after purchasing an additional 88,595 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Tootsie Roll Industries by 6.2% during the third quarter. Qube Research & Technologies Ltd now owns 74,880 shares of the company’s stock worth $2,236,000 after purchasing an additional 4,394 shares during the period. Headinvest LLC bought a new position in shares of Tootsie Roll Industries during the third quarter worth approximately $28,000. Quest Partners LLC bought a new position in shares of Tootsie Roll Industries during the fourth quarter worth approximately $191,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Tootsie Roll Industries by 152.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,323 shares of the company’s stock worth $177,000 after purchasing an additional 3,211 shares during the period. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Down 1.2 %

Shares of NYSE TR opened at $30.57 on Friday. The business’s 50 day moving average is $29.65 and its 200-day moving average is $31.54. Tootsie Roll Industries, Inc. has a 1-year low of $28.13 and a 1-year high of $35.98. The firm has a market cap of $2.19 billion, a P/E ratio of 23.38 and a beta of 0.15.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.22 EPS for the quarter. Tootsie Roll Industries had a return on equity of 11.63% and a net margin of 12.51%. The firm had revenue of $151.46 million for the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.18%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.54%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Sunday.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.