UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $819,000 Position in Tootsie Roll Industries, Inc. (NYSE:TR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 11.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,433 shares of the company’s stock after selling 3,575 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tootsie Roll Industries were worth $819,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TR. nVerses Capital LLC acquired a new stake in shares of Tootsie Roll Industries during the third quarter worth about $43,000. US Bancorp DE lifted its stake in Tootsie Roll Industries by 70.9% in the third 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 in the last quarter. International Assets Investment Management LLC boosted its holdings 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. AQR Capital Management LLC bought a new stake in shares of Tootsie Roll Industries during the second quarter worth $205,000. Finally, Quantbot Technologies LP increased its position in shares of Tootsie Roll Industries by 899.0% during the third quarter. Quantbot Technologies LP now owns 6,913 shares of the company’s stock worth $214,000 after acquiring an additional 6,221 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Trading Down 0.1 %

TR opened at $31.72 on Friday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 24.26 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 12 month low of $27.58 and a 12 month high of $35.84. The firm’s fifty day simple moving average is $31.51 and its 200 day simple moving average is $30.51.

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

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, December 18th. Tootsie Roll Industries’s dividend payout ratio is presently 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.