Allspring Global Investments Holdings LLC Raises Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Allspring Global Investments Holdings LLC raised its stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,140,100 shares of the company's stock after purchasing an additional 41,326 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.60% of Tootsie Roll Industries worth $37,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Byrne Asset Management LLC purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter valued at approximately $27,000. nVerses Capital LLC purchased a new stake in shares of Tootsie Roll Industries in the third quarter valued at approximately $43,000. GAMMA Investing LLC boosted its stake in shares of Tootsie Roll Industries by 133.5% in the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock valued at $58,000 after buying an additional 1,033 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Tootsie Roll Industries in the third quarter valued at approximately $96,000. Finally, US Bancorp DE raised its holdings in Tootsie Roll Industries by 70.9% during the third quarter. US Bancorp DE now owns 4,927 shares of the company's stock worth $153,000 after purchasing an additional 2,044 shares during the last quarter. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Performance

TR stock traded up $0.44 during midday trading on Tuesday, hitting $31.29. 18,088 shares of the stock were exchanged, compared to its average volume of 104,224. The stock's 50-day moving average price is $31.47 and its 200-day moving average price is $31.01. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 23.93 and a beta of 0.21. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $34.00.

Tootsie Roll Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.36 annualized dividend and a yield of 1.15%. Tootsie Roll Industries's dividend payout ratio is presently 27.53%.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.