Vanguard Group Inc. Acquires 37,493 Shares of Tootsie Roll Industries, Inc. $TR

Vanguard Group Inc. lifted its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,164,370 shares of the company’s stock after purchasing an additional 37,493 shares during the quarter. Vanguard Group Inc. owned 2.97% of Tootsie Roll Industries worth $79,281,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in Tootsie Roll Industries by 40.6% during the fourth quarter. State of Alaska Department of Revenue now owns 16,147 shares of the company’s stock worth $590,000 after buying an additional 4,659 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Tootsie Roll Industries by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 50,404 shares of the company’s stock worth $1,846,000 after buying an additional 819 shares during the last quarter. SG Americas Securities LLC increased its holdings in Tootsie Roll Industries by 645.2% during the fourth quarter. SG Americas Securities LLC now owns 42,462 shares of the company’s stock worth $1,555,000 after buying an additional 36,764 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Tootsie Roll Industries by 130.4% during the third quarter. JPMorgan Chase & Co. now owns 60,864 shares of the company’s stock worth $2,551,000 after buying an additional 34,450 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Tootsie Roll Industries by 13.4% during the third quarter. CANADA LIFE ASSURANCE Co now owns 16,067 shares of the company’s stock worth $663,000 after buying an additional 1,901 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Trading Down 0.1%

Shares of TR opened at $40.53 on Thursday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 30.31 and a beta of 0.45. Tootsie Roll Industries, Inc. has a 1-year low of $31.64 and a 1-year high of $45.06. The company’s fifty day simple moving average is $42.33 and its 200 day simple moving average is $39.72.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Friday, May 8th. The company reported $0.24 earnings per share for the quarter. The business had revenue of $151.54 million for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%.

Tootsie Roll Industries Announces Dividend

The company also recently announced 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, March 5th. Tootsie Roll Industries’s payout ratio is presently 26.87%.

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.