249,837 Shares in Tootsie Roll Industries, Inc. $TR Bought by ProShare Advisors LLC

ProShare Advisors LLC purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR) in the third quarter, according to its most recent filing with the SEC. The fund purchased 249,837 shares of the company’s stock, valued at approximately $9,386,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Tootsie Roll Industries in the 2nd quarter worth about $84,370,000. Dimensional Fund Advisors LP raised its stake in shares of Tootsie Roll Industries by 2.4% during the first 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Tootsie Roll Industries by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 187,621 shares of the company’s stock worth $8,015,000 after buying an additional 1,039 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Tootsie Roll Industries by 1.4% in the 1st quarter. Bank of America Corp DE now owns 143,622 shares of the company’s stock worth $6,136,000 after acquiring an additional 1,924 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. Gabelli Funds LLC now owns 99,395 shares of the company’s stock worth $4,246,000 after acquiring an additional 2,895 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

NYSE TR opened at $38.13 on Wednesday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 29.70 and a beta of 0.41. The company has a 50 day simple moving average of $37.96 and a 200-day simple moving average of $39.67. Tootsie Roll Industries, Inc. has a 52-week low of $33.94 and a 52-week high of $45.06.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 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 business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, October 7th were given a $0.09 dividend. The ex-dividend date was Wednesday, October 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is presently 28.12%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Tootsie Roll Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc manufactures and sells confectionery products in the United States and internationally. Its portfolio includes chocolate, candy, gum and other sweets marketed under brands such as Tootsie Roll, Tootsie Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes and Charms Blow Pop.

The company traces its origins to 1896, when Leo Hirschfield began producing candy in New York City. Tootsie Roll, one of its best-known products, was introduced in the late 19th century and named after Hirschfield’s daughter, Clara, whose nickname was “Tootsie.” The company later expanded through brand development and acquisitions, building a broad portfolio of widely recognized confectionery products.

Tootsie Roll Industries is headquartered in Chicago, Illinois.