ProShare Advisors LLC Purchases New Shares in Tootsie Roll Industries, Inc. $TR

ProShare Advisors LLC bought a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 188,007 shares of the company’s stock, valued at approximately $6,289,000.

Several other institutional investors have also made changes to their positions in TR. Evermay Wealth Management LLC bought a new position in Tootsie Roll Industries during the 1st quarter worth $58,000. Quantbot Technologies LP increased its position in shares of Tootsie Roll Industries by 105.5% in the first quarter. Quantbot Technologies LP now owns 2,207 shares of the company’s stock worth $69,000 after purchasing an additional 1,133 shares during the period. Signaturefd LLC increased its position in shares of Tootsie Roll Industries by 14.1% in the second quarter. Signaturefd LLC now owns 2,262 shares of the company’s stock worth $76,000 after purchasing an additional 280 shares during the period. GAMMA Investing LLC lifted its position in Tootsie Roll Industries by 62.6% during the second quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock worth $115,000 after purchasing an additional 1,321 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its position in Tootsie Roll Industries by 46.1% during the second quarter. KLP Kapitalforvaltning AS now owns 3,794 shares of the company’s stock worth $127,000 after purchasing an additional 1,198 shares during the period. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $39.10 on Friday. The stock’s 50 day moving average is $40.35 and its 200 day moving average is $37.53. Tootsie Roll Industries, Inc. has a one year low of $28.67 and a one year high of $44.27. The firm has a market cap of $2.85 billion, a P/E ratio of 30.30 and a beta of 0.44.

Tootsie Roll Industries (NYSE:TR) last released its earnings results on Friday, November 7th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $232.71 million during the quarter. Tootsie Roll Industries had a net margin of 12.99% and a return on equity of 10.65%.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, October 7th were issued a $0.09 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $0.36 annualized dividend and a yield of 0.9%. Tootsie Roll Industries’s payout ratio is presently 27.91%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Tootsie Roll Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tootsie Roll Industries presently has an average rating of “Hold”.

About Tootsie Roll Industries

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.