Municipal Employees Retirement System of Michigan Sells 360 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Municipal Employees Retirement System of Michigan trimmed its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,100 shares of the company’s stock after selling 360 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Tootsie Roll Industries were worth $115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TR. Amundi Pioneer Asset Management Inc. grew its stake in shares of Tootsie Roll Industries by 3.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,199 shares of the company’s stock valued at $380,000 after purchasing an additional 297 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Tootsie Roll Industries during the second quarter valued at approximately $214,000. Burns J W & Co. Inc. NY grew its stake in shares of Tootsie Roll Industries by 3.0% during the second quarter. Burns J W & Co. Inc. NY now owns 10,830 shares of the company’s stock valued at $400,000 after purchasing an additional 313 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Tootsie Roll Industries during the second quarter valued at approximately $1,711,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Tootsie Roll Industries by 237.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 266,611 shares of the company’s stock valued at $9,844,000 after purchasing an additional 187,626 shares during the last quarter. 24.68% of the stock is currently owned by institutional investors and hedge funds.

TR opened at $34.12 on Thursday. Tootsie Roll Industries, Inc. has a one year low of $31.06 and a one year high of $40.82. The company’s 50 day simple moving average is $35.54 and its 200-day simple moving average is $37.32. The stock has a market capitalization of $2.22 billion, a P/E ratio of 29.16 and a beta of 0.25.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.46 EPS for the quarter. Tootsie Roll Industries had a net margin of 12.10% and a return on equity of 8.38%. The business had revenue of $181.91 million for the quarter.

The firm also recently disclosed a — dividend, which was paid on Thursday, October 17th. Investors of record on Monday, October 7th were issued a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a yield of 1%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the Tootsie Roll, Tootsie 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.

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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