Tootsie Roll Industries, Inc. $TR Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 48.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,795 shares of the company’s stock after selling 20,667 shares during the period. SG Americas Securities LLC’s holdings in Tootsie Roll Industries were worth $931,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of Tootsie Roll Industries during the fourth quarter valued at $58,000. iSAM Funds UK Ltd acquired a new stake in shares of Tootsie Roll Industries in the third quarter valued at approximately $136,000. Russell Investments Group Ltd. increased its stake 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 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 valued at $173,000 after buying an additional 364 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Tootsie Roll Industries during the second quarter worth approximately $183,000. Institutional investors own 14.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tootsie Roll Industries in a report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tootsie Roll Industries presently has an average rating of “Hold”.

Tootsie Roll Industries Stock Performance

Shares of NYSE:TR opened at $40.86 on Monday. The company has a market cap of $3.07 billion, a PE ratio of 30.56 and a beta of 0.39. The firm has a 50 day simple moving average of $39.52 and a 200 day simple moving average of $39.94. Tootsie Roll Industries, Inc. has a 52 week low of $33.67 and a 52 week high of $45.06.

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

Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders 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 dividend yield of 0.9%. Tootsie Roll Industries’s dividend 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.