Thrivent Financial for Lutherans Trims Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Thrivent Financial for Lutherans reduced its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,945 shares of the company’s stock after selling 1,766 shares during the period. Thrivent Financial for Lutherans’ holdings in Tootsie Roll Industries were worth $401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Tootsie Roll Industries during the third quarter worth about $43,000. US Bancorp DE lifted its stake in Tootsie Roll Industries by 70.9% in the third quarter. US Bancorp DE now owns 4,927 shares of the company’s stock valued at $153,000 after buying an additional 2,044 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Tootsie Roll Industries by 1,100.4% in the third quarter. International Assets Investment Management LLC now owns 5,942 shares of the company’s stock valued at $192,000 after buying an additional 5,447 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Tootsie Roll Industries in the second quarter valued at approximately $205,000. Finally, SG Americas Securities LLC purchased a new stake in Tootsie Roll Industries in the third quarter valued at approximately $233,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $33.16 on Friday. The business has a 50 day simple moving average of $31.08 and a 200-day simple moving average of $30.35. Tootsie Roll Industries, Inc. has a 12 month low of $27.58 and a 12 month high of $35.84. The stock has a market capitalization of $2.37 billion, a PE ratio of 25.36 and a beta of 0.21.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. The company had revenue of $223.89 million for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%.

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 annualized dividend and a yield of 1.09%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.53%.

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.