Ballentine Partners LLC Invests $207,000 in Tootsie Roll Industries, Inc. $TR

Ballentine Partners LLC purchased a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,181 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of TR. Deutsche Bank AG acquired a new position in shares of Tootsie Roll Industries during the 4th quarter worth $52,000. Evermay Wealth Management LLC acquired a new position in Tootsie Roll Industries in the 1st quarter valued at $58,000. Quantbot Technologies LP grew its stake in Tootsie Roll Industries by 105.5% in the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company’s stock valued at $69,000 after buying an additional 1,133 shares during the last quarter. GAMMA Investing LLC grew its stake in Tootsie Roll Industries by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $115,000 after buying an additional 1,321 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Tootsie Roll Industries by 15.1% in the 1st quarter. Pacer Advisors Inc. now owns 6,259 shares of the company’s stock valued at $197,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 0.2%

NYSE:TR opened at $41.21 on Tuesday. Tootsie Roll Industries, Inc. has a 1 year low of $28.18 and a 1 year high of $42.10. The firm’s fifty day simple moving average is $39.86 and its 200 day simple moving average is $35.52. The firm has a market capitalization of $3.01 billion, a PE ratio of 33.04 and a beta of 0.46.

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

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, October 7th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 28.80%.

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.