International Assets Investment Management LLC Purchases 15,016 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

International Assets Investment Management LLC grew its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 3,222.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,482 shares of the company’s stock after acquiring an additional 15,016 shares during the period. International Assets Investment Management LLC’s holdings in Tootsie Roll Industries were worth $515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Headinvest LLC bought a new stake in shares of Tootsie Roll Industries during the 3rd quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Tootsie Roll Industries by 45,333.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,363 shares of the company’s stock worth $45,000 after buying an additional 1,360 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Tootsie Roll Industries by 129.9% during the 3rd quarter. Quantbot Technologies LP now owns 5,564 shares of the company’s stock worth $166,000 after buying an additional 3,144 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Tootsie Roll Industries by 152.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,323 shares of the company’s stock worth $177,000 after purchasing an additional 3,211 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Tootsie Roll Industries by 7,398.6% in the 4th quarter. Fifth Third Bancorp now owns 5,549 shares of the company’s stock worth $184,000 after purchasing an additional 5,475 shares in the last quarter. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Down 0.5 %

Shares of Tootsie Roll Industries stock opened at $30.17 on Friday. Tootsie Roll Industries, Inc. has a twelve month low of $29.07 and a twelve month high of $44.04. The company has a 50-day simple moving average of $31.62 and a two-hundred day simple moving average of $32.29. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 23.72 and a beta of 0.15.

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

Tootsie Roll Industries Increases Dividend

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

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.