State Street Corp Decreases Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

State Street Corp decreased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 6.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 351,908 shares of the company's stock after selling 24,133 shares during the quarter. State Street Corp owned about 0.49% of Tootsie Roll Industries worth $10,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Tootsie Roll Industries by 11.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company's stock valued at $34,029,000 after buying an additional 115,839 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tootsie Roll Industries by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company's stock valued at $29,062,000 after acquiring an additional 31,587 shares during the last quarter. Renaissance Technologies LLC grew its position in Tootsie Roll Industries by 2.8% in the second quarter. Renaissance Technologies LLC now owns 519,715 shares of the company's stock worth $15,888,000 after acquiring an additional 14,353 shares during the period. Exchange Traded Concepts LLC increased its stake in Tootsie Roll Industries by 13.0% during the third quarter. Exchange Traded Concepts LLC now owns 54,390 shares of the company's stock worth $1,684,000 after acquiring an additional 6,254 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in Tootsie Roll Industries by 315.6% in the third quarter. Verition Fund Management LLC now owns 54,209 shares of the company's stock valued at $1,679,000 after purchasing an additional 41,165 shares during the period. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Price Performance

Shares of NYSE:TR traded down $0.28 during mid-day trading on Friday, reaching $32.42. 100,580 shares of the company were exchanged, compared to its average volume of 148,459. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $35.84. The firm's 50-day simple moving average is $31.70 and its 200 day simple moving average is $30.61. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 24.79 and a beta of 0.21.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $223.89 million for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.11%. Tootsie Roll Industries's dividend payout ratio (DPR) is presently 27.48%.

About Tootsie Roll Industries

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.