35,240 Shares in Tootsie Roll Industries, Inc. (NYSE:TR) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 35,240 shares of the company's stock, valued at approximately $1,139,000.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Tootsie Roll Industries by 1,398.0% in the third quarter. BNP Paribas Financial Markets now owns 7,460 shares of the company's stock valued at $231,000 after acquiring an additional 6,962 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Tootsie Roll Industries by 1.5% in the 3rd quarter. HighTower Advisors LLC now owns 44,838 shares of the company's stock valued at $1,388,000 after purchasing an additional 668 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Tootsie Roll Industries by 15.1% in the 3rd quarter. Janus Henderson Group PLC now owns 49,623 shares of the company's stock valued at $1,537,000 after purchasing an additional 6,519 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Tootsie Roll Industries in the 3rd quarter valued at $4,007,000. Finally, XTX Topco Ltd acquired a new position in shares of Tootsie Roll Industries during the 3rd quarter worth $336,000. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Stock Performance

Shares of Tootsie Roll Industries stock traded down $0.14 during midday trading on Tuesday, hitting $31.28. 12,857 shares of the company traded hands, compared to its average volume of 163,136. The firm's fifty day moving average price is $31.20 and its 200-day moving average price is $31.30. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 25.61 and a beta of 0.33. Tootsie Roll Industries, Inc. has a 12 month low of $26.78 and a 12 month high of $33.22.

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Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Tootsie Roll Industries's dividend payout ratio (DPR) is presently 30.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tootsie Roll Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th.

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.