Zurcher Kantonalbank Zurich Cantonalbank Has $138,000 Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 107.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,138 shares of the company’s stock after purchasing an additional 2,141 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tootsie Roll Industries were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TR. Headinvest LLC bought a new position in shares of Tootsie Roll Industries in the third quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Tootsie Roll Industries by 45,333.3% during the fourth 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 in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 valued at $177,000 after acquiring an additional 3,211 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Tootsie Roll Industries by 7,398.6% during the 4th quarter. Fifth Third Bancorp now owns 5,549 shares of the company’s stock valued at $184,000 after acquiring an additional 5,475 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in 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 acquiring an additional 3,144 shares during the last quarter. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Trading Down 0.7 %

Tootsie Roll Industries stock opened at $29.29 on Thursday. The company has a market capitalization of $2.10 billion, a PE ratio of 22.36 and a beta of 0.16. The stock has a 50-day moving average price of $31.12 and a two-hundred day moving average price of $32.23. Tootsie Roll Industries, Inc. has a 12 month low of $29.07 and a 12 month high of $39.93.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Friday, February 16th. The company reported $0.41 EPS for the quarter. Tootsie Roll Industries had a net margin of 12.51% and a return on equity of 11.74%. The business had revenue of $195.37 million for the quarter.

Tootsie Roll Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 6th were given a dividend of $0.09 per share. This is a positive change from Tootsie Roll Industries’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, March 5th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 27.48%.

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.