Sargent Investment Group LLC Purchases New Position in Tootsie Roll Industries, Inc. $TR

Sargent Investment Group LLC purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR) in the fourth quarter, Holdings Channel reports. The firm purchased 14,576 shares of the company’s stock, valued at approximately $534,000.

Other large investors have also recently modified their holdings of the company. State of Wyoming purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter valued at approximately $58,000. iSAM Funds UK Ltd purchased a new stake in shares of Tootsie Roll Industries in the third quarter valued at approximately $136,000. Russell Investments Group Ltd. boosted its holdings in shares of Tootsie Roll Industries by 29,407.7% in the third quarter. Russell Investments Group Ltd. now owns 3,836 shares of the company’s stock valued at $161,000 after purchasing an additional 3,823 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Tootsie Roll Industries by 9.7% in the third quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock valued at $173,000 after purchasing an additional 364 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Tootsie Roll Industries in the second quarter valued at approximately $183,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Performance

Shares of NYSE TR opened at $37.86 on Tuesday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 28.32 and a beta of 0.41. The stock has a 50 day moving average price of $40.92 and a 200 day moving average price of $39.90. Tootsie Roll Industries, Inc. has a 52-week low of $33.02 and a 52-week high of $45.06.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $151.54 million during the quarter. Tootsie Roll Industries had a return on equity of 10.77% and a net margin of 13.70%.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Tootsie Roll Industries’s payout ratio is 26.87%.

Tootsie Roll Industries Company 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.