Tootsie Roll Industries (NYSE:TR) Issues Quarterly Earnings Results

Tootsie Roll Industries (NYSE:TR) posted its quarterly earnings data on Friday. The company reported $0.24 earnings per share (EPS) for the quarter, FiscalAI reports. Tootsie Roll Industries had a net margin of 13.81% and a return on equity of 11.02%. The business had revenue of $151.54 million during the quarter.

Tootsie Roll Industries Trading Up 0.3%

Shares of Tootsie Roll Industries stock traded up $0.13 on Friday, reaching $42.87. The stock had a trading volume of 55,048 shares, compared to its average volume of 125,128. The business’s 50 day moving average is $42.43 and its two-hundred day moving average is $39.73. Tootsie Roll Industries has a 1 year low of $31.59 and a 1 year high of $45.06. The company has a market cap of $3.22 billion, a P/E ratio of 32.02 and a beta of 0.45.

Tootsie Roll Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 5th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Tootsie Roll Industries’s dividend payout ratio is 26.87%.

Hedge Funds Weigh In On Tootsie Roll Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Tootsie Roll Industries by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock valued at $79,281,000 after purchasing an additional 37,493 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Tootsie Roll Industries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,152,714 shares of the company’s stock valued at $49,245,000 after acquiring an additional 26,653 shares during the last quarter. State Street Corp raised its position in Tootsie Roll Industries by 5.1% during the fourth quarter. State Street Corp now owns 710,367 shares of the company’s stock valued at $26,084,000 after purchasing an additional 34,770 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tootsie Roll Industries by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 584,303 shares of the company’s stock worth $21,406,000 after purchasing an additional 28,796 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Tootsie Roll Industries by 8.4% during the 4th quarter. Invesco Ltd. now owns 343,389 shares of the company’s stock valued at $12,578,000 after purchasing an additional 26,573 shares during the last quarter. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.