Tootsie Roll Industries, Inc. (NYSE:TR) Position Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,588 shares of the company’s stock after selling 614 shares during the period. Amalgamated Bank’s holdings in Tootsie Roll Industries were worth $140,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Burns J W & Co. Inc. NY grew its stake in Tootsie Roll Industries by 3.1% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 11,457 shares of the company’s stock worth $350,000 after buying an additional 346 shares during the last quarter. Reik & CO. LLC increased its holdings in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. Reik & CO. LLC now owns 15,068 shares of the company’s stock worth $483,000 after acquiring an additional 439 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,423 shares of the company’s stock worth $494,000 after acquiring an additional 448 shares during the period. California State Teachers Retirement System lifted its position in Tootsie Roll Industries by 3.4% in the 1st quarter. California State Teachers Retirement System now owns 14,880 shares of the company’s stock valued at $477,000 after purchasing an additional 494 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Tootsie Roll Industries by 5.0% during the 1st quarter. State of Alaska Department of Revenue now owns 11,156 shares of the company’s stock valued at $357,000 after purchasing an additional 529 shares during the period. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of TR opened at $30.08 on Wednesday. The firm’s 50 day moving average is $30.31 and its 200-day moving average is $30.20. Tootsie Roll Industries, Inc. has a 12-month low of $27.58 and a 12-month high of $35.84. The stock has a market capitalization of $2.15 billion, a P/E ratio of 23.01 and a beta of 0.16.

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

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th will be given 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 1.20%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.54%.

Analyst Ratings Changes

Separately, StockNews.com cut Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Sunday, June 30th.

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.