Charles Schwab Investment Management Inc. Has $3.40 Million Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Charles Schwab Investment Management Inc. raised its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 105,255 shares of the company’s stock after acquiring an additional 2,107 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tootsie Roll Industries were worth $3,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased 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 acquiring an additional 41,326 shares in the last quarter. HFR Wealth Management LLC grew its holdings in Tootsie Roll Industries by 0.6% in the fourth quarter. HFR Wealth Management LLC now owns 281,313 shares of the company’s stock worth $9,095,000 after purchasing an additional 1,617 shares during the period. Geode Capital Management LLC increased its stake in Tootsie Roll Industries by 2.4% in the third quarter. Geode Capital Management LLC now owns 244,873 shares of the company’s stock valued at $7,586,000 after purchasing an additional 5,828 shares in the last quarter. Bfsg LLC acquired a new position in shares of Tootsie Roll Industries during the fourth quarter valued at about $5,543,000. Finally, Jane Street Group LLC bought a new position in shares of Tootsie Roll Industries during the 3rd quarter worth about $4,007,000. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of TR opened at $31.87 on Friday. The stock has a 50-day moving average of $31.33 and a 200-day moving average of $31.42. Tootsie Roll Industries, Inc. has a one year low of $26.78 and a one year high of $33.22. The company has a market cap of $2.28 billion, a PE ratio of 26.13 and a beta of 0.19.

Tootsie Roll Industries Increases Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a dividend of $3.00 per share. This is an increase from Tootsie Roll Industries’s previous — dividend of $0.09. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 1.1%. Tootsie Roll Industries’s payout ratio is currently 30.51%.

About Tootsie Roll Industries

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.