Renaissance Technologies LLC Trims Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Renaissance Technologies LLC lowered its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 513,815 shares of the company’s stock after selling 37,347 shares during the period. Renaissance Technologies LLC owned 0.72% of Tootsie Roll Industries worth $16,612,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Tootsie Roll Industries by 11.1% during the 4th quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company’s stock worth $68,196,000 after buying an additional 211,129 shares during the last quarter. Bfsg LLC acquired a new stake in Tootsie Roll Industries during the fourth quarter worth about $5,543,000. Jane Street Group LLC purchased a new position in shares of Tootsie Roll Industries in the 3rd quarter worth about $4,007,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Tootsie Roll Industries by 3.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock valued at $37,179,000 after purchasing an additional 41,326 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Tootsie Roll Industries during the 4th quarter worth about $1,139,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tootsie Roll Industries from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th.

Tootsie Roll Industries Trading Up 1.5 %

NYSE:TR opened at $31.41 on Tuesday. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $33.22. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 25.75 and a beta of 0.33. The firm’s fifty day simple moving average is $31.20 and its 200 day simple moving average is $31.30.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, March 5th. Tootsie Roll Industries’s payout ratio is 30.51%.

Tootsie Roll Industries Company 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.