State Street Corp Decreases Stake in Tootsie Roll Industries, Inc. (NYSE:TR)

State Street Corp lessened its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,908 shares of the company’s stock after selling 24,133 shares during the period. State Street Corp owned 0.49% of Tootsie Roll Industries worth $10,899,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quest Partners LLC raised its stake in Tootsie Roll Industries by 3.7% during the third quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock worth $397,000 after purchasing an additional 452 shares during the period. HighTower Advisors LLC increased its holdings in shares of Tootsie Roll Industries by 1.5% during the 3rd quarter. HighTower Advisors LLC now owns 44,838 shares of the company’s stock worth $1,388,000 after buying an additional 668 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Tootsie Roll Industries during the 3rd quarter valued at approximately $43,000. Susquehanna Fundamental Investments LLC lifted its holdings in Tootsie Roll Industries by 19.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 11,618 shares of the company’s stock valued at $355,000 after acquiring an additional 1,861 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Tootsie Roll Industries by 5.5% in the second quarter. Public Sector Pension Investment Board now owns 38,942 shares of the company’s stock worth $1,190,000 after acquiring an additional 2,017 shares during the period. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 1.3 %

NYSE:TR opened at $32.70 on Friday. Tootsie Roll Industries, Inc. has a 52 week low of $27.58 and a 52 week high of $35.84. The stock’s fifty day moving average is $31.70 and its two-hundred day moving average is $30.61. The company has a market capitalization of $2.34 billion, a P/E ratio of 25.00 and a beta of 0.21.

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

Tootsie Roll Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, December 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 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.