LPL Financial LLC Acquires 404 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

LPL Financial LLC raised its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,859 shares of the company’s stock after purchasing an additional 404 shares during the period. LPL Financial LLC’s holdings in Tootsie Roll Industries were worth $254,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in Tootsie Roll Industries in the 4th quarter valued at about $27,000. GAMMA Investing LLC raised its position in shares of Tootsie Roll Industries by 133.5% in the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock valued at $58,000 after buying an additional 1,033 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Tootsie Roll Industries in the 4th quarter valued at approximately $82,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Tootsie Roll Industries in the 3rd quarter valued at approximately $96,000. Finally, Barclays PLC raised its position in shares of Tootsie Roll Industries by 227.2% in the 3rd quarter. Barclays PLC now owns 5,566 shares of the company’s stock valued at $171,000 after buying an additional 3,865 shares in the last quarter. Institutional investors own 14.28% of the company’s stock.

Analyst Ratings Changes

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

Tootsie Roll Industries Trading Down 0.9 %

Shares of NYSE:TR opened at $31.43 on Tuesday. The firm has a 50 day moving average of $31.37 and a 200-day moving average of $31.43. The stock has a market capitalization of $2.25 billion, a PE ratio of 25.76 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.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $146.52 million during the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%.

Tootsie Roll Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, March 5th. Tootsie Roll Industries’s dividend payout ratio is 29.51%.

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.