SG Americas Securities LLC Takes Position in Tootsie Roll Industries, Inc. (NYSE:TR)

SG Americas Securities LLC acquired a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,529 shares of the company’s stock, valued at approximately $233,000.

Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Tootsie Roll Industries in the second quarter worth about $33,000. AQR Capital Management LLC acquired a new position in shares of Tootsie Roll Industries in the second quarter worth about $205,000. Commonwealth Equity Services LLC acquired a new position in shares of Tootsie Roll Industries in the second quarter worth about $247,000. Hamel Associates Inc. acquired a new position in shares of Tootsie Roll Industries in the second quarter worth about $260,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tootsie Roll Industries in the first quarter worth about $313,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

NYSE TR opened at $29.93 on Tuesday. The company has a 50 day simple moving average of $30.34 and a 200-day simple moving average of $30.01. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 22.61 and a beta of 0.17. Tootsie Roll Industries, Inc. has a 52-week low of $27.58 and a 52-week high of $35.84.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 27.20%.

Analysts Set New Price Targets

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

Tootsie Roll Industries 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.