Principal Financial Group Inc. Has $2.37 Million Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Principal Financial Group Inc. reduced its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,567 shares of the company’s stock after selling 9,109 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Tootsie Roll Industries worth $2,371,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new position in shares of Tootsie Roll Industries in the second quarter valued at approximately $247,000. Quest Partners LLC lifted its holdings in Tootsie Roll Industries by 84.4% during the 2nd quarter. Quest Partners LLC now owns 12,362 shares of the company’s stock worth $378,000 after buying an additional 5,659 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tootsie Roll Industries by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock valued at $29,062,000 after buying an additional 31,587 shares during the last quarter. Renaissance Technologies LLC boosted its position in Tootsie Roll Industries by 2.8% during the second quarter. Renaissance Technologies LLC now owns 519,715 shares of the company’s stock valued at $15,888,000 after acquiring an additional 14,353 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Tootsie Roll Industries by 29.1% in the 2nd quarter. Sei Investments Co. now owns 20,853 shares of the company’s stock valued at $637,000 after purchasing an additional 4,695 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Performance

Shares of TR stock opened at $32.55 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of 24.89 and a beta of 0.22. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $35.25. The stock has a 50 day simple moving average of $31.99 and a two-hundred day simple moving average of $30.76.

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

Tootsie Roll Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be issued 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 1.11%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 27.48%.

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.