Tootsie Roll Industries (NYSE:TR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Tootsie Roll Industries, Inc. (NYSE:TR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.32 and traded as high as $40.93. Tootsie Roll Industries shares last traded at $40.11, with a volume of 268,972 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tootsie Roll Industries in a report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Tootsie Roll Industries Trading Up 1.3%

The firm has a fifty day moving average of $38.79 and a two-hundred day moving average of $40.33. The company has a market cap of $3.06 billion, a PE ratio of 31.74 and a beta of 0.39.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. The business had revenue of $154.22 million for the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Tootsie Roll Industries’s payout ratio is 28.12%.

Institutional Investors Weigh In On Tootsie Roll Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Tootsie Roll Industries by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock worth $79,281,000 after acquiring an additional 37,493 shares during the period. BlackRock Inc. bought a new stake in shares of Tootsie Roll Industries during the 2nd quarter valued at $84,370,000. Dimensional Fund Advisors LP raised its stake in shares of Tootsie Roll Industries by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,152,714 shares of the company’s stock valued at $49,245,000 after purchasing an additional 26,653 shares during the period. State Street Corp lifted its holdings in Tootsie Roll Industries by 5.1% during the 4th quarter. State Street Corp now owns 710,367 shares of the company’s stock worth $26,084,000 after purchasing an additional 34,770 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Tootsie Roll Industries by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 584,303 shares of the company’s stock worth $21,406,000 after purchasing an additional 28,796 shares in the last quarter. Institutional investors own 14.28% of the company’s stock.

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.