New York State Teachers Retirement System Sells 400 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

New York State Teachers Retirement System cut its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,463 shares of the company’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System’s holdings in Tootsie Roll Industries were worth $381,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Tootsie Roll Industries by 17.4% in the 1st quarter. JPMorgan Chase & Co. now owns 25,101 shares of the company’s stock valued at $878,000 after acquiring an additional 3,722 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Tootsie Roll Industries by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 247,404 shares of the company’s stock valued at $8,650,000 after acquiring an additional 2,792 shares in the last quarter. Citigroup Inc. raised its holdings in Tootsie Roll Industries by 14.5% in the 1st quarter. Citigroup Inc. now owns 14,993 shares of the company’s stock valued at $524,000 after acquiring an additional 1,894 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Tootsie Roll Industries by 46.9% in the 1st quarter. MetLife Investment Management LLC now owns 9,134 shares of the company’s stock valued at $319,000 after acquiring an additional 2,916 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in Tootsie Roll Industries by 3.0% in the 1st quarter. Panagora Asset Management Inc. now owns 11,369 shares of the company’s stock valued at $397,000 after acquiring an additional 331 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of NYSE TR opened at $30.13 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 23.69 and a beta of 0.15. The business has a fifty day moving average price of $31.83 and a two-hundred day moving average price of $32.29. Tootsie Roll Industries, Inc. has a fifty-two week low of $29.07 and a fifty-two week high of $45.27.

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

Tootsie Roll Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.19%. This is a boost from Tootsie Roll Industries’s previous quarterly dividend of $0.09. Tootsie Roll Industries’s payout ratio is 28.31%.

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.