Geode Capital Management LLC Has $8.13 Million Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Geode Capital Management LLC raised its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 251,414 shares of the company’s stock after buying an additional 6,541 shares during the quarter. Geode Capital Management LLC owned 0.35% of Tootsie Roll Industries worth $8,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of Tootsie Roll Industries by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 45,215 shares of the company’s stock valued at $1,462,000 after acquiring an additional 377 shares during the period. LPL Financial LLC raised its holdings in shares of Tootsie Roll Industries by 5.4% during the fourth quarter. LPL Financial LLC now owns 7,859 shares of the company’s stock valued at $254,000 after purchasing an additional 404 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Tootsie Roll Industries by 6.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,049 shares of the company’s stock worth $228,000 after purchasing an additional 407 shares in the last quarter. Sei Investments Co. grew its stake in shares of Tootsie Roll Industries by 2.5% in the 4th quarter. Sei Investments Co. now owns 28,194 shares of the company’s stock valued at $912,000 after buying an additional 695 shares during the period. Finally, American Century Companies Inc. increased its position in Tootsie Roll Industries by 5.8% in the 4th quarter. American Century Companies Inc. now owns 14,863 shares of the company’s stock valued at $481,000 after buying an additional 815 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Stock Up 0.5 %

Shares of TR opened at $32.52 on Thursday. The stock has a market cap of $2.33 billion, a P/E ratio of 26.66 and a beta of 0.33. The business’s fifty day moving average is $31.34 and its 200 day moving average is $31.37. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $33.22.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, March 5th. Tootsie Roll Industries’s dividend payout ratio is currently 30.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Friday, April 18th.

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.