Ameriprise Financial Inc. boosted its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,986 shares of the company’s stock after buying an additional 5,995 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.10% of Tootsie Roll Industries worth $2,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in Tootsie Roll Industries by 3.0% in the second quarter. ProShare Advisors LLC now owns 439,981 shares of the company’s stock worth $15,333,000 after buying an additional 12,782 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tootsie Roll Industries by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,857,393 shares of the company’s stock worth $64,730,000 after buying an additional 19,278 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Tootsie Roll Industries in the second quarter worth approximately $541,000. HighTower Advisors LLC boosted its stake in Tootsie Roll Industries by 11.7% in the second quarter. HighTower Advisors LLC now owns 33,437 shares of the company’s stock worth $1,166,000 after buying an additional 3,515 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Tootsie Roll Industries by 28.3% in the third quarter. Aperio Group LLC now owns 62,624 shares of the company’s stock worth $2,380,000 after buying an additional 13,809 shares in the last quarter. 22.11% of the stock is owned by institutional investors and hedge funds.
Shares of Tootsie Roll Industries, Inc. (TR) opened at $35.70 on Friday. Tootsie Roll Industries, Inc. has a 12-month low of $34.30 and a 12-month high of $39.68. The firm has a market capitalization of $2,254.07, a P/E ratio of 33.63 and a beta of 0.68.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.36 annualized dividend and a yield of 1.01%. Tootsie Roll Industries’s payout ratio is currently 33.91%.
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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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