State of Alaska Department of Revenue Trims Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

State of Alaska Department of Revenue lowered its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,408 shares of the company’s stock after selling 997 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tootsie Roll Industries were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Tootsie Roll Industries by 11.8% during the third 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 last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tootsie Roll Industries by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock worth $29,062,000 after purchasing an additional 31,587 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Tootsie Roll Industries during the first quarter worth approximately $801,000. Vanguard Group Inc. raised its stake in shares of Tootsie Roll Industries by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock worth $59,760,000 after purchasing an additional 24,408 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Tootsie Roll Industries during the first quarter worth approximately $753,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $30.82 on Friday. Tootsie Roll Industries, Inc. has a 12 month low of $27.58 and a 12 month high of $35.84. The business has a 50 day simple moving average of $30.69 and a 200-day simple moving average of $29.95. The stock has a market capitalization of $2.20 billion, a PE ratio of 23.53 and a beta of 0.18.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 EPS for the quarter. Tootsie Roll Industries had a return on equity of 11.25% and a net margin of 13.02%. The business had revenue of $223.89 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio 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.