Sei Investments Co. Increases Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Sei Investments Co. grew its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 29.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,853 shares of the company’s stock after buying an additional 4,695 shares during the quarter. Sei Investments Co.’s holdings in Tootsie Roll Industries were worth $637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TR. Thurston Springer Miller Herd & Titak Inc. bought a new position in Tootsie Roll Industries in the 2nd quarter worth about $33,000. Clarity Asset Management Inc. bought a new position in shares of Tootsie Roll Industries during the 4th quarter worth $55,000. Commonwealth Equity Services LLC purchased a new position in shares of Tootsie Roll Industries during the second quarter valued at $247,000. Hamel Associates Inc. bought a new stake in shares of Tootsie Roll Industries in the second quarter valued at about $260,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Tootsie Roll Industries in the first quarter worth about $313,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Up 0.6 %

Tootsie Roll Industries stock opened at $29.50 on Wednesday. The firm has a market cap of $2.11 billion, a P/E ratio of 22.56 and a beta of 0.17. The business has a fifty day moving average of $30.23 and a two-hundred day moving average of $30.09. Tootsie Roll Industries, Inc. has a twelve month low of $27.58 and a twelve month high of $35.84.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 11.54% and a net margin of 12.80%. The firm had revenue of $148.82 million during the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, October 8th. Tootsie Roll Industries’s payout ratio is currently 27.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research report on Sunday, June 30th.

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.