Vanguard Group Inc. Has $68.20 Million Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Vanguard Group Inc. grew its holdings in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,109,375 shares of the company's stock after purchasing an additional 211,129 shares during the quarter. Vanguard Group Inc. owned about 2.95% of Tootsie Roll Industries worth $68,196,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in Tootsie Roll Industries by 3.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company's stock worth $37,179,000 after buying an additional 41,326 shares in the last quarter. HFR Wealth Management LLC raised its position in shares of Tootsie Roll Industries by 0.6% during the fourth quarter. HFR Wealth Management LLC now owns 281,313 shares of the company's stock worth $9,095,000 after acquiring an additional 1,617 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tootsie Roll Industries by 2.4% during the third quarter. Geode Capital Management LLC now owns 244,873 shares of the company's stock valued at $7,586,000 after acquiring an additional 5,828 shares during the period. Bfsg LLC bought a new position in Tootsie Roll Industries in the fourth quarter valued at about $5,543,000. Finally, Jane Street Group LLC bought a new position in Tootsie Roll Industries in the third quarter valued at about $4,007,000. Institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Down 0.8 %

NYSE TR traded down $0.24 during trading hours on Tuesday, hitting $31.17. The company's stock had a trading volume of 31,480 shares, compared to its average volume of 112,629. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $33.22. The firm has a market capitalization of $2.23 billion, a P/E ratio of 25.55 and a beta of 0.33. The stock has a fifty day moving average of $31.20 and a 200 day moving average of $31.30.

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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 given a $0.09 dividend. 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 is currently 30.51%.

Analyst Ratings Changes

Separately, StockNews.com raised Tootsie Roll Industries from a "hold" rating to a "buy" rating in a report 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.