Principal Financial Group Inc. Sells 9,109 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Principal Financial Group Inc. trimmed its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Tootsie Roll Industries in the second quarter worth $33,000. nVerses Capital LLC bought a new stake in shares of Tootsie Roll Industries in the 3rd quarter valued at about $43,000. US Bancorp DE grew its position in shares of Tootsie Roll Industries by 70.9% in the 3rd quarter. US Bancorp DE now owns 4,927 shares of the company’s stock valued at $153,000 after buying an additional 2,044 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Tootsie Roll Industries by 1,100.4% in the third quarter. International Assets Investment Management LLC now owns 5,942 shares of the company’s stock valued at $192,000 after buying an additional 5,447 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Tootsie Roll Industries during the second quarter worth about $205,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of TR stock opened at $33.25 on Friday. The stock has a market capitalization of $2.38 billion, a PE ratio of 25.42 and a beta of 0.18. The business’s 50 day simple moving average is $30.87 and its 200 day simple moving average is $30.11. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings data 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 company had revenue of $223.89 million for the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, October 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. Tootsie Roll Industries’s payout ratio is currently 27.53%.

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.