HighTower Advisors LLC Has $1.17 Million Stake in Tootsie Roll Industries, Inc. (TR)

HighTower Advisors LLC lifted its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 11.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,437 shares of the company’s stock after buying an additional 3,515 shares during the quarter. HighTower Advisors LLC owned approximately 0.05% of Tootsie Roll Industries worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TR. Northwestern Mutual Investment Management Company LLC grew its position in shares of Tootsie Roll Industries by 3.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,105 shares of the company’s stock worth $120,000 after buying an additional 109 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Tootsie Roll Industries by 13.0% during the second quarter. Riverhead Capital Management LLC now owns 3,482 shares of the company’s stock worth $121,000 after buying an additional 400 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Tootsie Roll Industries by 6.6% during the second quarter. PNC Financial Services Group Inc. now owns 4,562 shares of the company’s stock worth $159,000 after buying an additional 282 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Tootsie Roll Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,094 shares of the company’s stock worth $212,000 after buying an additional 912 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of Tootsie Roll Industries during the second quarter worth about $213,000. 21.54% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub downgraded Tootsie Roll Industries from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd.

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Shares of Tootsie Roll Industries, Inc. (TR) opened at 37.50 on Thursday. The company’s 50-day moving average price is $37.54 and its 200 day moving average price is $36.66. The stock has a market cap of $2.37 billion, a PE ratio of 34.88 and a beta of 0.69. Tootsie Roll Industries, Inc. has a 1-year low of $33.19 and a 1-year high of $40.44.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 33.39%.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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