Tootsie Roll Industries, Inc. $TR Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,907 shares of the company’s stock after acquiring an additional 2,652 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.15% of Tootsie Roll Industries worth $3,397,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Tootsie Roll Industries during the 4th quarter worth approximately $390,000. Dimensional Fund Advisors LP boosted its stake in shares of Tootsie Roll Industries by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,573 shares of the company’s stock worth $33,577,000 after acquiring an additional 37,924 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tootsie Roll Industries in the fourth quarter worth $664,000. Northern Trust Corp boosted its position in Tootsie Roll Industries by 5.4% during the fourth quarter. Northern Trust Corp now owns 92,250 shares of the company’s stock valued at $2,982,000 after purchasing an additional 4,712 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Tootsie Roll Industries by 9.8% in the fourth quarter. Jane Street Group LLC now owns 142,030 shares of the company’s stock worth $4,592,000 after buying an additional 12,635 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Down 0.4%

TR stock opened at $40.25 on Friday. Tootsie Roll Industries, Inc. has a 1-year low of $28.18 and a 1-year high of $40.88. The firm has a market cap of $2.94 billion, a P/E ratio of 32.27 and a beta of 0.44. The business’s 50 day moving average is $37.50 and its 200-day moving average is $34.12.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. The business had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 19th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 28.80%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 16th.

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.