8,080 Shares in Tootsie Roll Industries, Inc. (NYSE:TR) Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,080 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TR. Allspring Global Investments Holdings LLC boosted its stake in Tootsie Roll Industries by 19.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,002,425 shares of the company’s stock valued at $32,108,000 after acquiring an additional 160,197 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Tootsie Roll Industries during the 1st quarter worth approximately $801,000. Vanguard Group Inc. increased its holdings in Tootsie Roll Industries by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock worth $59,760,000 after acquiring an additional 24,408 shares during the period. GSA Capital Partners LLP bought a new stake in Tootsie Roll Industries during the 1st quarter worth approximately $753,000. Finally, ORG Partners LLC bought a new stake in Tootsie Roll Industries during the 2nd quarter worth approximately $639,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Down 1.1 %

Shares of TR opened at $31.64 on Thursday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 24.15 and a beta of 0.16. The firm has a fifty day simple moving average of $30.22 and a two-hundred day simple moving average of $30.23. Tootsie Roll Industries, Inc. has a twelve month low of $27.58 and a twelve month high of $35.84.

Tootsie Roll Industries (NYSE:TR) last posted its earnings results on Thursday, July 25th. The company reported $0.22 EPS for the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%. The firm had revenue of $148.82 million during the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. Tootsie Roll Industries’s payout ratio is 27.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Sunday, June 30th.

Tootsie Roll Industries 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.