HighTower Advisors LLC Purchases 668 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

HighTower Advisors LLC increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,838 shares of the company’s stock after purchasing an additional 668 shares during the period. HighTower Advisors LLC owned 0.06% of Tootsie Roll Industries worth $1,388,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Tootsie Roll Industries by 11.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock worth $34,029,000 after purchasing an additional 115,839 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Tootsie Roll Industries by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock worth $29,062,000 after buying an additional 31,587 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Tootsie Roll Industries by 2.8% during the second quarter. Renaissance Technologies LLC now owns 519,715 shares of the company’s stock worth $15,888,000 after acquiring an additional 14,353 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Tootsie Roll Industries by 13.0% during the third quarter. Exchange Traded Concepts LLC now owns 54,390 shares of the company’s stock valued at $1,684,000 after acquiring an additional 6,254 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in Tootsie Roll Industries by 315.6% in the 3rd quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock valued at $1,679,000 after acquiring an additional 41,165 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Down 1.1 %

Shares of TR stock opened at $31.78 on Monday. The company’s fifty day simple moving average is $31.34 and its two-hundred day simple moving average is $30.45. Tootsie Roll Industries, Inc. has a 52 week low of $27.58 and a 52 week high of $35.84. The stock has a market cap of $2.27 billion, a P/E ratio of 24.26 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 EPS 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 issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.48%.

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.