Sargent Investment Group LLC purchased a new position in Tootsie Roll Industries, Inc. (NYSE:TR – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,576 shares of the company’s stock, valued at approximately $534,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Tootsie Roll Industries by 9.7% in 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. Commonwealth Equity Services LLC boosted its position in shares of Tootsie Roll Industries by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,513 shares of the company’s stock valued at $275,000 after buying an additional 449 shares during the period. Deutsche Bank AG boosted its position in shares of Tootsie Roll Industries by 4.8% during the fourth quarter. Deutsche Bank AG now owns 14,380 shares of the company’s stock valued at $527,000 after buying an additional 661 shares during the period. Swiss National Bank boosted its position in shares of Tootsie Roll Industries by 1.9% during the fourth quarter. Swiss National Bank now owns 37,099 shares of the company’s stock valued at $1,359,000 after buying an additional 700 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position 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 valued at $1,846,000 after buying an additional 819 shares during the period. Hedge funds and other institutional investors own 14.28% of the company’s stock.
Tootsie Roll Industries Price Performance
Shares of NYSE:TR opened at $37.86 on Tuesday. Tootsie Roll Industries, Inc. has a 1 year low of $33.02 and a 1 year high of $45.06. The business has a 50 day simple moving average of $40.92 and a two-hundred day simple moving average of $39.90. The firm has a market capitalization of $2.85 billion, a PE ratio of 28.32 and a beta of 0.41.
Tootsie Roll Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, June 18th. Tootsie Roll Industries’s payout ratio is 26.87%.
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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