Tootsie Roll Industries (NYSE:TR) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Tootsie Roll Industries, Inc. (NYSE:TR) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.94 and traded as low as $36.85. Tootsie Roll Industries shares last traded at $37.1390, with a volume of 81,974 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Tootsie Roll Industries Stock Performance

The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 28.77 and a beta of 0.46. The business has a 50-day moving average of $37.48 and a 200-day moving average of $38.94.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Friday, November 7th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $232.71 million during the quarter. Tootsie Roll Industries had a net margin of 12.99% and a return on equity of 10.53%.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 24th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Tootsie Roll Industries’s payout ratio is presently 27.91%.

Institutional Investors Weigh In On Tootsie Roll Industries

A number of institutional investors have recently modified their holdings of TR. State of Alaska Department of Revenue lifted its stake in Tootsie Roll Industries by 40.6% during the 4th quarter. State of Alaska Department of Revenue now owns 16,147 shares of the company’s stock worth $590,000 after acquiring an additional 4,659 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Tootsie Roll Industries by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 50,404 shares of the company’s stock worth $1,846,000 after purchasing an additional 819 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Tootsie Roll Industries by 645.2% in the fourth quarter. SG Americas Securities LLC now owns 42,462 shares of the company’s stock valued at $1,555,000 after purchasing an additional 36,764 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Tootsie Roll Industries by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 60,864 shares of the company’s stock valued at $2,551,000 after purchasing an additional 34,450 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Tootsie Roll Industries by 13.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 16,067 shares of the company’s stock valued at $663,000 after purchasing an additional 1,901 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.