Wipfli Financial Advisors LLC Makes New $28,000 Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

Wipfli Financial Advisors LLC bought a new position in Tootsie Roll Industries, Inc. (NYSE:TRGet Rating) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 841 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also bought and sold shares of TR. Captrust Financial Advisors increased its holdings in shares of Tootsie Roll Industries by 86.2% in the 2nd quarter. Captrust Financial Advisors now owns 797 shares of the company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Tootsie Roll Industries in the 2nd quarter worth $36,000. KBC Group NV bought a new position in shares of Tootsie Roll Industries in the 2nd quarter worth $51,000. Quantbot Technologies LP bought a new position in shares of Tootsie Roll Industries in the 2nd quarter worth $101,000. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Tootsie Roll Industries by 16.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,992 shares of the company’s stock worth $106,000 after buying an additional 424 shares during the last quarter. 17.06% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Price Performance

Shares of NYSE:TR opened at $43.22 on Friday. Tootsie Roll Industries, Inc. has a one year low of $31.05 and a one year high of $46.70. The company’s fifty day moving average price is $44.04 and its 200-day moving average price is $38.81. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 42.32 and a beta of 0.14.

Tootsie Roll Industries (NYSE:TRGet Rating) last released its earnings results on Wednesday, October 26th. The company reported $0.39 EPS for the quarter. Tootsie Roll Industries had a net margin of 10.71% and a return on equity of 9.14%. The company had revenue of $211.19 million for the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Wednesday, December 21st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Tuesday, December 20th. Tootsie Roll Industries’s dividend payout ratio is currently 35.25%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Tootsie Roll Industries in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

About Tootsie Roll Industries

(Get Rating)

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie 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.

See Also

Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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