Allspring Global Investments Holdings LLC Sells 472,999 Shares of Tootsie Roll Industries, Inc. $TR

Allspring Global Investments Holdings LLC decreased its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 49.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 491,150 shares of the company’s stock after selling 472,999 shares during the period. Allspring Global Investments Holdings LLC owned about 0.67% of Tootsie Roll Industries worth $17,392,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TR. NBT Bank N A NY bought a new stake in Tootsie Roll Industries during the 3rd quarter worth approximately $39,000. CWM LLC increased its position in Tootsie Roll Industries by 42.0% in the 3rd quarter. CWM LLC now owns 1,394 shares of the company’s stock valued at $58,000 after acquiring an additional 412 shares in the last quarter. State of Wyoming bought a new position in shares of Tootsie Roll Industries in the second quarter worth about $111,000. iSAM Funds UK Ltd bought a new position in shares of Tootsie Roll Industries in the third quarter worth about $136,000. Finally, Strs Ohio acquired a new position in shares of Tootsie Roll Industries during the third quarter worth approximately $143,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

Shares of NYSE:TR opened at $43.66 on Friday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 32.58 and a beta of 0.48. The company has a 50 day moving average of $41.13 and a 200-day moving average of $39.64. Tootsie Roll Industries, Inc. has a one year low of $29.13 and a one year high of $44.27.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.39 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 13.81% and a return on equity of 11.02%. The business had revenue of $196.28 million for the quarter.

Tootsie Roll Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, March 5th. Tootsie Roll Industries’s dividend payout ratio is currently 26.87%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tootsie Roll Industries presently has a consensus rating of “Hold”.

About Tootsie Roll Industries

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.