Swiss National Bank grew its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,854 shares of the company’s stock after buying an additional 500 shares during the quarter. Swiss National Bank owned about 0.05% of Tootsie Roll Industries worth $1,156,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of TR. Howard Wealth Management LLC purchased a new position in Tootsie Roll Industries in the fourth quarter valued at about $49,000. First Trust Advisors LP raised its holdings in Tootsie Roll Industries by 42.1% during the fourth quarter. First Trust Advisors LP now owns 45,466 shares of the company’s stock worth $1,552,000 after purchasing an additional 13,472 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Tootsie Roll Industries during the fourth quarter worth $34,000. CWM LLC boosted its position in Tootsie Roll Industries by 2,713.0% during the fourth quarter. CWM LLC now owns 22,363 shares of the company’s stock worth $763,000 after purchasing an additional 21,568 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Tootsie Roll Industries by 15.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,469 shares of the company’s stock worth $289,000 after purchasing an additional 1,102 shares in the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.
NYSE TR traded down $0.85 during trading hours on Monday, reaching $32.60. The company’s stock had a trading volume of 51,055 shares, compared to its average volume of 117,518. The stock has a market cap of $2.25 billion, a PE ratio of 33.58 and a beta of 0.29. Tootsie Roll Industries, Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $39.63. The company’s 50-day moving average is $33.99 and its two-hundred day moving average is $35.05.
The firm also recently declared a — dividend, which will be paid on Friday, April 3rd. Stockholders of record on Tuesday, March 3rd will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Tootsie Roll Industries’s previous — dividend of $0.09. This represents a dividend yield of 1.1%.
Separately, TheStreet raised Tootsie Roll Industries from a “c+” rating to a “b-” rating in a research note on Friday, December 6th.
About Tootsie Roll Industries
Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the Tootsie Roll, Tootsie 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.
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