Bfsg LLC Makes New $5.54 Million Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

Bfsg LLC purchased a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 171,449 shares of the company's stock, valued at approximately $5,543,000. Bfsg LLC owned 0.24% of Tootsie Roll Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Tootsie Roll Industries by 278.4% in the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company's stock worth $823,000 after purchasing an additional 19,547 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Tootsie Roll Industries by 177.6% in the fourth quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock worth $676,000 after purchasing an additional 13,375 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Tootsie Roll Industries by 11.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company's stock worth $34,029,000 after purchasing an additional 115,839 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Tootsie Roll Industries by 1.5% in the third quarter. HighTower Advisors LLC now owns 44,838 shares of the company's stock worth $1,388,000 after purchasing an additional 668 shares during the last quarter. Finally, Westhampton Capital LLC bought a new position in shares of Tootsie Roll Industries in the fourth quarter worth approximately $504,000. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Stock Performance

TR traded up $0.97 during midday trading on Friday, hitting $32.28. The stock had a trading volume of 170,476 shares, compared to its average volume of 107,414. The company has a market cap of $2.31 billion, a P/E ratio of 26.46 and a beta of 0.21. The business has a fifty day moving average of $31.43 and a 200 day moving average of $31.04. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $34.00.

Tootsie Roll Industries Increases Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a $3.00 dividend. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1.1%. This is a positive change from Tootsie Roll Industries's previous -- dividend of $0.09. Tootsie Roll Industries's dividend payout ratio is currently 29.51%.

Tootsie Roll Industries Company 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.