ProShare Advisors LLC Makes New Investment in Tootsie Roll Industries, Inc. $TR

ProShare Advisors LLC bought a new stake in Tootsie Roll Industries, Inc. (NYSE:TR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 249,837 shares of the company’s stock, valued at approximately $9,386,000. ProShare Advisors LLC owned 0.33% of Tootsie Roll Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TR. Nisa Investment Advisors LLC lifted its holdings in Tootsie Roll Industries by 138.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,904 shares of the company’s stock worth $72,000 after buying an additional 1,104 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Tootsie Roll Industries by 1.2% during the third quarter. Brown Lisle Cummings Inc. now owns 28,095 shares of the company’s stock valued at $1,056,000 after acquiring an additional 320 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Tootsie Roll Industries during the second quarter valued at about $2,669,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Tootsie Roll Industries during the second quarter worth about $179,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Tootsie Roll Industries during the second quarter worth about $2,544,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Price Performance

NYSE TR opened at $38.13 on Wednesday. Tootsie Roll Industries, Inc. has a 12 month low of $33.94 and a 12 month high of $45.06. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 29.70 and a beta of 0.41. The company’s fifty day moving average price is $37.96 and its two-hundred day moving average price is $39.67.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $154.22 million during the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%.

Tootsie Roll Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, October 7th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, October 7th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 28.12%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Tootsie Roll Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Tootsie Roll Industries presently has a consensus rating of “Buy”.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc manufactures and sells confectionery products in the United States and internationally. Its portfolio includes chocolate, candy, gum and other sweets marketed under brands such as Tootsie Roll, Tootsie Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes and Charms Blow Pop.

The company traces its origins to 1896, when Leo Hirschfield began producing candy in New York City. Tootsie Roll, one of its best-known products, was introduced in the late 19th century and named after Hirschfield’s daughter, Clara, whose nickname was “Tootsie.” The company later expanded through brand development and acquisitions, building a broad portfolio of widely recognized confectionery products.

Tootsie Roll Industries is headquartered in Chicago, Illinois.