State Street Corp Cuts Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

State Street Corp lessened its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 351,908 shares of the company’s stock after selling 24,133 shares during the quarter. State Street Corp’s holdings in Tootsie Roll Industries were worth $10,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Tootsie Roll Industries by 11.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock valued at $34,029,000 after acquiring an additional 115,839 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Tootsie Roll Industries by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock valued at $29,062,000 after purchasing an additional 31,587 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Tootsie Roll Industries by 2.8% during the second quarter. Renaissance Technologies LLC now owns 519,715 shares of the company’s stock worth $15,888,000 after purchasing an additional 14,353 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Tootsie Roll Industries by 13.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 54,390 shares of the company’s stock worth $1,684,000 after buying an additional 6,254 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of Tootsie Roll Industries by 315.6% in the 3rd quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock valued at $1,679,000 after buying an additional 41,165 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Performance

Shares of TR stock opened at $32.70 on Friday. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $35.84. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.00 and a beta of 0.21. The stock’s 50-day moving average is $31.70 and its two-hundred day moving average is $30.61.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. The business had revenue of $223.89 million during the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. Tootsie Roll Industries’s payout ratio is 27.48%.

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.