Tootsie Roll Industries, Inc. (NYSE:TR) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,109,375 shares of the company’s stock after buying an additional 211,129 shares during the period. Vanguard Group Inc. owned about 2.95% of Tootsie Roll Industries worth $68,196,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in shares of Tootsie Roll Industries in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC grew its stake in shares of Tootsie Roll Industries by 133.5% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock worth $58,000 after purchasing an additional 1,033 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Tootsie Roll Industries in the fourth quarter valued at $82,000. Wilmington Savings Fund Society FSB acquired a new stake in Tootsie Roll Industries in the third quarter valued at $96,000. Finally, Barclays PLC lifted its holdings in Tootsie Roll Industries by 227.2% during the 3rd quarter. Barclays PLC now owns 5,566 shares of the company’s stock worth $171,000 after buying an additional 3,865 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Tootsie Roll Industries from a “hold” rating to a “buy” rating in a report on Tuesday.

Tootsie Roll Industries Trading Up 0.5 %

Shares of NYSE:TR opened at $30.48 on Friday. The firm has a 50 day simple moving average of $31.18 and a 200-day simple moving average of $31.31. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $33.22. The company has a market capitalization of $2.18 billion, a PE ratio of 24.98 and a beta of 0.33.

Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were given a $0.09 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.18%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 30.51%.

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.