62,011 Shares in Tootsie Roll Industries, Inc. $TR Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in Tootsie Roll Industries, Inc. (NYSE:TR) in the 2nd quarter, Holdings Channel reports. The firm acquired 62,011 shares of the company’s stock, valued at approximately $2,453,000.

Several other large investors have also bought and sold shares of TR. Versant Capital Management Inc grew its holdings in shares of Tootsie Roll Industries by 680.2% during the 2nd quarter. Versant Capital Management Inc now owns 944 shares of the company’s stock worth $37,000 after acquiring an additional 823 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Tootsie Roll Industries by 48.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 958 shares of the company’s stock valued at $41,000 after purchasing an additional 311 shares during the period. State of Wyoming purchased a new position in shares of Tootsie Roll Industries in the 4th quarter valued at approximately $58,000. Sound Income Strategies LLC boosted its position in shares of Tootsie Roll Industries by 1,931.9% during the first quarter. Sound Income Strategies LLC now owns 1,402 shares of the company’s stock valued at $60,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Tootsie Roll Industries during the second quarter valued at approximately $129,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Trading Down 1.4%

Tootsie Roll Industries stock opened at $41.08 on Friday. The business’s fifty day simple moving average is $39.01 and its two-hundred day simple moving average is $40.45. Tootsie Roll Industries, Inc. has a 12 month low of $34.44 and a 12 month high of $45.06. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 31.99 and a beta of 0.39.

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

Tootsie Roll Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, June 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Tootsie Roll Industries 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.