BNP Paribas Financial Markets Raises Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

BNP Paribas Financial Markets increased its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 1,398.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,460 shares of the company’s stock after buying an additional 6,962 shares during the period. BNP Paribas Financial Markets’ holdings in Tootsie Roll Industries were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TR. Burns J W & Co. Inc. NY raised its position 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 valued at $350,000 after purchasing an additional 346 shares during the period. Quest Partners LLC raised its holdings in Tootsie Roll Industries by 3.7% during the 3rd quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock valued at $397,000 after buying an additional 452 shares during the period. nVerses Capital LLC bought a new stake in Tootsie Roll Industries in the third quarter worth $43,000. Susquehanna Fundamental Investments LLC boosted its stake in Tootsie Roll Industries by 19.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 11,618 shares of the company’s stock worth $355,000 after buying an additional 1,861 shares during the period. Finally, Public Sector Pension Investment Board increased its position in Tootsie Roll Industries by 5.5% during the second quarter. Public Sector Pension Investment Board now owns 38,942 shares of the company’s stock valued at $1,190,000 after acquiring an additional 2,017 shares during the last quarter. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Stock Performance

TR opened at $31.90 on Tuesday. The stock’s 50 day moving average price is $31.39 and its 200-day moving average price is $30.47. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 24.35 and a beta of 0.21.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. The business had revenue of $223.89 million during 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 business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 18th. Tootsie Roll Industries’s payout ratio is 27.48%.

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.