Principal Financial Group Inc. Has $2.37 Million Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Principal Financial Group Inc. decreased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 76,567 shares of the company’s stock after selling 9,109 shares during the period. Principal Financial Group Inc.’s holdings in Tootsie Roll Industries were worth $2,371,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. increased its position in Tootsie Roll Industries by 24.3% in the 1st quarter. Sei Investments Co. now owns 16,158 shares of the company’s stock valued at $518,000 after buying an additional 3,160 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Tootsie Roll Industries during the first quarter valued at approximately $801,000. Vanguard Group Inc. raised its position in shares of Tootsie Roll Industries by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock worth $59,760,000 after purchasing an additional 24,408 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,423 shares of the company’s stock worth $494,000 after purchasing an additional 448 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Tootsie Roll Industries by 3.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 79,734 shares of the company’s stock valued at $2,554,000 after purchasing an additional 2,322 shares during the period. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 0.9 %

Shares of TR stock opened at $33.25 on Friday. Tootsie Roll Industries, Inc. has a 12 month low of $27.58 and a 12 month high of $35.84. The firm has a market capitalization of $2.38 billion, a PE ratio of 25.42 and a beta of 0.18. The firm has a fifty day simple moving average of $30.87 and a two-hundred day simple moving average of $30.11.

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

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. Tootsie Roll Industries’s dividend payout ratio is presently 27.53%.

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.