Vanguard Group Inc. Has $79.28 Million Position in Tootsie Roll Industries, Inc. $TR

Vanguard Group Inc. raised its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,164,370 shares of the company’s stock after buying an additional 37,493 shares during the period. Vanguard Group Inc.’s holdings in Tootsie Roll Industries were worth $79,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its holdings in shares of Tootsie Roll Industries by 40.6% in the fourth quarter. State of Alaska Department of Revenue now owns 16,147 shares of the company’s stock valued at $590,000 after purchasing an additional 4,659 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Tootsie Roll Industries by 1.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 50,404 shares of the company’s stock valued at $1,846,000 after purchasing an additional 819 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Tootsie Roll Industries by 645.2% in the fourth quarter. SG Americas Securities LLC now owns 42,462 shares of the company’s stock valued at $1,555,000 after purchasing an additional 36,764 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Tootsie Roll Industries by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 60,864 shares of the company’s stock valued at $2,551,000 after purchasing an additional 34,450 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Tootsie Roll Industries by 13.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 16,067 shares of the company’s stock valued at $663,000 after purchasing 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 Price Performance

NYSE:TR opened at $40.53 on Thursday. Tootsie Roll Industries, Inc. has a one year low of $31.64 and a one year high of $45.06. The company has a market cap of $3.05 billion, a P/E ratio of 30.31 and a beta of 0.45. The firm’s fifty day moving average price is $42.33 and its two-hundred day moving average price is $39.72.

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

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 5th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 5th. Tootsie Roll Industries’s payout ratio is currently 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.