Bank of New York Mellon Corp Cuts Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Bank of New York Mellon Corp trimmed its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 140,207 shares of the company’s stock after selling 20,998 shares during the period. Bank of New York Mellon Corp owned approximately 0.20% of Tootsie Roll Industries worth $4,533,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TR. Quest Partners LLC increased its stake in Tootsie Roll Industries by 3.7% during the 3rd quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock valued at $397,000 after purchasing an additional 452 shares in the last quarter. HighTower Advisors LLC raised its holdings in Tootsie Roll Industries by 1.5% in the 3rd quarter. HighTower Advisors LLC now owns 44,838 shares of the company’s stock worth $1,388,000 after acquiring an additional 668 shares during the last quarter. Byrne Asset Management LLC bought a new position in Tootsie Roll Industries in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in Tootsie Roll Industries by 133.5% during the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock valued at $58,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Tootsie Roll Industries by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,726 shares of the company’s stock worth $1,834,000 after purchasing an additional 2,336 shares in the last quarter. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of NYSE:TR opened at $31.61 on Tuesday. Tootsie Roll Industries, Inc. has a 1 year low of $26.78 and a 1 year high of $33.22. The company has a market cap of $2.26 billion, a P/E ratio of 25.91 and a beta of 0.19. The stock’s fifty day moving average price is $31.27 and its 200-day moving average price is $31.39.

Tootsie Roll Industries Increases Dividend

The business also recently declared a — dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $3.00 per share. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 5th. This is an increase from Tootsie Roll Industries’s previous — dividend of $0.09. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 30.51%.

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.