Bank of Montreal Can Has $722,000 Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Bank of Montreal Can decreased its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,319 shares of the company’s stock after selling 4,626 shares during the period. Bank of Montreal Can’s holdings in Tootsie Roll Industries were worth $722,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Tootsie Roll Industries by 11.1% during the 4th quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company’s stock worth $68,196,000 after acquiring an additional 211,129 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Tootsie Roll Industries by 3.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock worth $37,179,000 after buying an additional 41,326 shares during the last quarter. HFR Wealth Management LLC grew its stake in Tootsie Roll Industries by 0.6% in the 4th quarter. HFR Wealth Management LLC now owns 281,313 shares of the company’s stock valued at $9,095,000 after buying an additional 1,617 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tootsie Roll Industries by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 251,414 shares of the company’s stock valued at $8,132,000 after acquiring an additional 6,541 shares during the period. Finally, Bfsg LLC acquired a new stake in Tootsie Roll Industries during the fourth quarter worth approximately $5,543,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 2.1 %

Shares of NYSE:TR opened at $31.75 on Monday. The firm has a market cap of $2.27 billion, a PE ratio of 26.02 and a beta of 0.33. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $33.22. The company’s 50 day moving average price is $31.26 and its two-hundred day moving average price is $31.34.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid 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 1.13%. Tootsie Roll Industries’s dividend payout ratio (DPR) is 30.51%.

Analysts Set New Price Targets

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

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.