Rhumbline Advisers Sells 1,528 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Rhumbline Advisers reduced its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,335 shares of the company’s stock after selling 1,528 shares during the quarter. Rhumbline Advisers’ holdings in Tootsie Roll Industries were worth $836,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TR. Burns J W & Co. Inc. NY boosted its stake in 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 acquiring an additional 346 shares in the last quarter. Reik & CO. LLC boosted its stake in Tootsie Roll Industries by 3.0% during the first quarter. Reik & CO. LLC now owns 15,068 shares of the company’s stock worth $483,000 after acquiring an additional 439 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Tootsie Roll Industries by 3.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,423 shares of the company’s stock worth $494,000 after acquiring an additional 448 shares in the last quarter. California State Teachers Retirement System boosted its stake in Tootsie Roll Industries by 3.4% during the first 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 in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Tootsie Roll Industries by 5.0% during the first 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 in the last quarter. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of TR stock opened at $31.40 on Tuesday. The firm has a 50-day moving average of $30.16 and a 200-day moving average of $30.22. The company has a market cap of $2.25 billion, a P/E ratio of 23.97 and a beta of 0.16. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84.

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

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Tootsie Roll Industries’s dividend payout ratio is currently 27.48%.

Wall Street Analysts Forecast Growth

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

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.