Citigroup Inc. Has $259,000 Stake in Tootsie Roll Industries, Inc. (NYSE:TR)

Citigroup Inc. cut its holdings in Tootsie Roll Industries, Inc. (NYSE:TRFree Report) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,659 shares of the company’s stock after selling 1,518 shares during the quarter. Citigroup Inc.’s holdings in Tootsie Roll Industries were worth $259,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Chilton Capital Management LLC acquired a new position in shares of Tootsie Roll Industries in the first quarter valued at approximately $30,000. Captrust Financial Advisors lifted its position in Tootsie Roll Industries by 86.2% in the 2nd quarter. Captrust Financial Advisors now owns 797 shares of the company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Advisory Services Network LLC acquired a new position in Tootsie Roll Industries in the 1st quarter worth $63,000. PNC Financial Services Group Inc. increased its holdings in Tootsie Roll Industries by 22.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,703 shares of the company’s stock worth $60,000 after purchasing an additional 316 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Tootsie Roll Industries during the 2nd quarter worth approximately $101,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Tootsie Roll Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 7th.

Check Out Our Latest Report on Tootsie Roll Industries

Tootsie Roll Industries Stock Up 0.4 %

Shares of TR opened at $31.96 on Thursday. The stock has a market cap of $2.29 billion, a PE ratio of 25.13 and a beta of 0.15. Tootsie Roll Industries, Inc. has a 12-month low of $29.07 and a 12-month high of $45.98. The business has a 50-day simple moving average of $32.49 and a two-hundred day simple moving average of $32.24.

Tootsie Roll Industries (NYSE:TRGet Free Report) last released its quarterly earnings data on Friday, February 16th. The company reported $0.41 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 11.48% and a net margin of 12.04%. The company had revenue of $195.37 million during the quarter.

Tootsie Roll Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 6th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, March 5th. This is a positive change from Tootsie Roll Industries’s previous quarterly dividend of $0.09. Tootsie Roll Industries’s payout ratio is 28.31%.

About Tootsie Roll Industries

(Free Report)

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.

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

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