Stifel Financial Corp boosted its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,498 shares of the company’s stock after purchasing an additional 20,651 shares during the quarter. Stifel Financial Corp owned about 0.58% of Tootsie Roll Industries worth $13,973,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TR. ProShare Advisors LLC lifted its position in shares of Tootsie Roll Industries by 3.0% during the 2nd quarter. ProShare Advisors LLC now owns 439,981 shares of the company’s stock valued at $15,333,000 after acquiring an additional 12,782 shares during the period. Vanguard Group Inc. lifted its position in shares of Tootsie Roll Industries by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,857,393 shares of the company’s stock valued at $64,730,000 after acquiring an additional 19,278 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of Tootsie Roll Industries during the 2nd quarter valued at $541,000. HighTower Advisors LLC lifted its position in shares of Tootsie Roll Industries by 11.7% during the 2nd quarter. HighTower Advisors LLC now owns 33,437 shares of the company’s stock valued at $1,166,000 after acquiring an additional 3,515 shares during the period. Finally, Aperio Group LLC lifted its position in shares of Tootsie Roll Industries by 28.3% during the 3rd quarter. Aperio Group LLC now owns 62,624 shares of the company’s stock valued at $2,380,000 after acquiring an additional 13,809 shares during the period. Institutional investors and hedge funds own 22.11% of the company’s stock.
Tootsie Roll Industries, Inc. (NYSE:TR) traded down $0.35 during trading hours on Friday, hitting $36.00. The stock had a trading volume of 138,501 shares, compared to its average volume of 75,601. The company has a market cap of $2,291.85, a P/E ratio of 34.29 and a beta of 0.68. Tootsie Roll Industries, Inc. has a 1 year low of $34.30 and a 1 year high of $40.44.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, December 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.00%. Tootsie Roll Industries’s payout ratio is 33.91%.
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About Tootsie Roll Industries
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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