Renaissance Technologies LLC Purchases 14,353 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Renaissance Technologies LLC lifted its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 519,715 shares of the company’s stock after purchasing an additional 14,353 shares during the period. Renaissance Technologies LLC owned 0.73% of Tootsie Roll Industries worth $15,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Burns J W & Co. Inc. NY increased its stake in shares of Tootsie Roll Industries by 3.1% during the second quarter. Burns J W & Co. Inc. NY now owns 11,457 shares of the company’s stock worth $350,000 after purchasing an additional 346 shares during the period. Reik & CO. LLC increased its stake in Tootsie Roll Industries by 3.0% during the 1st quarter. Reik & CO. LLC now owns 15,068 shares of the company’s stock worth $483,000 after acquiring an additional 439 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Tootsie Roll Industries by 3.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,423 shares of the company’s stock worth $494,000 after acquiring an additional 448 shares during the period. California State Teachers Retirement System increased its stake in Tootsie Roll Industries by 3.4% during the 1st quarter. California State Teachers Retirement System now owns 14,880 shares of the company’s stock worth $477,000 after acquiring an additional 494 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Tootsie Roll Industries by 5.0% during the 1st quarter. State of Alaska Department of Revenue now owns 11,156 shares of the company’s stock worth $357,000 after acquiring an additional 529 shares during the period. Institutional investors own 14.28% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Sunday, June 30th.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $32.03 on Friday. The stock’s fifty day moving average price is $30.12 and its two-hundred day moving average price is $30.24. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84. The firm has a market cap of $2.29 billion, a PE ratio of 24.45 and a beta of 0.16.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $148.82 million for the quarter. Tootsie Roll Industries had a return on equity of 11.54% and a net margin of 12.80%.

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio is presently 27.48%.

About Tootsie Roll Industries

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.