Vanguard Group Inc. Sells 26,228 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Vanguard Group Inc. trimmed its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,835,905 shares of the company’s stock after selling 26,228 shares during the quarter. Vanguard Group Inc. owned about 2.64% of Tootsie Roll Industries worth $54,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Invesco Ltd. lifted its holdings in shares of Tootsie Roll Industries by 232.9% during the 1st quarter. Invesco Ltd. now owns 209,697 shares of the company’s stock valued at $7,331,000 after buying an additional 146,701 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Tootsie Roll Industries by 16.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 753,633 shares of the company’s stock worth $22,503,000 after purchasing an additional 107,793 shares during the last quarter. BlackRock Inc. grew its stake in shares of Tootsie Roll Industries by 3.1% during the 1st quarter. BlackRock Inc. now owns 3,116,923 shares of the company’s stock valued at $108,967,000 after purchasing an additional 94,964 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Tootsie Roll Industries by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 885,596 shares of the company’s stock valued at $39,771,000 after purchasing an additional 67,258 shares during the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of Tootsie Roll Industries during the 2nd quarter valued at about $1,719,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 0.1 %

TR opened at $31.38 on Tuesday. Tootsie Roll Industries, Inc. has a 12-month low of $29.07 and a 12-month high of $45.54. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 24.67 and a beta of 0.15. The company’s 50 day moving average is $32.18 and its 200 day moving average is $32.31.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $195.37 million for the quarter. Tootsie Roll Industries had a net margin of 12.04% and a return on equity of 11.48%.

Tootsie Roll Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, March 5th. This is a positive change from Tootsie Roll Industries’s previous quarterly dividend of $0.09. Tootsie Roll Industries’s payout ratio is currently 28.31%.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.