Northwestern Mutual Wealth Management Co. increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR – Free Report) by 1,369,340.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,277 shares of the company’s stock after acquiring an additional 301,255 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Tootsie Roll Industries were worth $11,036,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of Tootsie Roll Industries by 9.7% during the third quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock worth $173,000 after acquiring an additional 364 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Tootsie Roll Industries by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 50,404 shares of the company’s stock worth $1,846,000 after acquiring an additional 819 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Tootsie Roll Industries by 17.5% during the third quarter. Amalgamated Bank now owns 5,621 shares of the company’s stock worth $236,000 after acquiring an additional 836 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Tootsie Roll Industries by 8.6% during the second quarter. California State Teachers Retirement System now owns 13,895 shares of the company’s stock worth $465,000 after acquiring an additional 1,098 shares in the last quarter. Finally, HFR Wealth Management LLC raised its holdings in shares of Tootsie Roll Industries by 0.4% during the third quarter. HFR Wealth Management LLC now owns 294,188 shares of the company’s stock worth $12,332,000 after acquiring an additional 1,219 shares in the last quarter. 14.28% of the stock is currently owned by hedge funds and other institutional investors.
Tootsie Roll Industries Price Performance
Tootsie Roll Industries stock opened at $40.50 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 30.29 and a beta of 0.45. Tootsie Roll Industries, Inc. has a one year low of $32.70 and a one year high of $45.06. The company’s fifty day moving average price is $42.16 and its two-hundred day moving average price is $39.92.
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.
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