Tootsie Roll Industries (NYSE:TR) Trading Down 4.8% – Should You Sell?

Tootsie Roll Industries, Inc. (NYSE:TR) was down 4.8% during mid-day trading on Tuesday . The stock traded as low as $37.74 and last traded at $38.15. Approximately 19,579 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 126,568 shares. The stock had previously closed at $40.06.

Tootsie Roll Industries Stock Performance

The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 28.30 and a beta of 0.45. The firm has a fifty day moving average of $41.93 and a 200-day moving average of $39.97.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 10.77% and a net margin of 13.70%.The firm had revenue of $151.54 million during the quarter.

Institutional Trading of Tootsie Roll Industries

Several large investors have recently modified their holdings of TR. Northwestern Mutual Wealth Management Co. grew its stake in shares of Tootsie Roll Industries by 1,369,340.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 301,277 shares of the company’s stock valued at $11,036,000 after acquiring an additional 301,255 shares in the last quarter. Millennium Management LLC grew its stake in shares of Tootsie Roll Industries by 121.9% during the third quarter. Millennium Management LLC now owns 328,323 shares of the company’s stock valued at $13,763,000 after acquiring an additional 180,351 shares in the last quarter. Invesco Ltd. grew its stake in shares of Tootsie Roll Industries by 98.1% during the third quarter. Invesco Ltd. now owns 316,816 shares of the company’s stock valued at $13,281,000 after acquiring an additional 156,929 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at about $3,077,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Tootsie Roll Industries by 29.1% during the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company’s stock valued at $6,769,000 after acquiring an additional 48,484 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

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.