Corient Private Wealth LLC Invests $208,000 in Tootsie Roll Industries, Inc. (NYSE:TR)

Corient Private Wealth LLC acquired a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,423 shares of the company’s stock, valued at approximately $208,000.

Several other large investors have also recently added to or reduced their stakes in TR. Allspring Global Investments Holdings LLC increased its position in Tootsie Roll Industries by 3.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock worth $37,179,000 after purchasing an additional 41,326 shares during the last quarter. HFR Wealth Management LLC grew its stake in shares of Tootsie Roll Industries by 0.6% in the 4th quarter. HFR Wealth Management LLC now owns 281,313 shares of the company’s stock valued at $9,095,000 after buying an additional 1,617 shares in the last quarter. Geode Capital Management LLC increased its holdings in Tootsie Roll Industries by 2.4% in the third quarter. Geode Capital Management LLC now owns 244,873 shares of the company’s stock worth $7,586,000 after buying an additional 5,828 shares during the last quarter. Bfsg LLC bought a new position in Tootsie Roll Industries during the fourth quarter valued at approximately $5,543,000. Finally, Jane Street Group LLC acquired a new stake in Tootsie Roll Industries in the third quarter valued at approximately $4,007,000. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 0.3 %

Shares of TR opened at $31.59 on Wednesday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 25.89 and a beta of 0.19. The company’s fifty day moving average is $31.34 and its 200-day moving average is $31.39. Tootsie Roll Industries, Inc. has a 12 month low of $26.78 and a 12 month high of $33.22.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, March 5th. Tootsie Roll Industries’s payout ratio is 30.51%.

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.