JPMorgan Chase & Co. Acquires 19,547 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

JPMorgan Chase & Co. grew its position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 278.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,567 shares of the company's stock after acquiring an additional 19,547 shares during the period. JPMorgan Chase & Co.'s holdings in Tootsie Roll Industries were worth $823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 115,839 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tootsie Roll Industries by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company's stock worth $29,062,000 after purchasing an additional 31,587 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 worth $7,586,000 after purchasing an additional 5,828 shares during the period. Jane Street Group LLC acquired a new stake in shares of Tootsie Roll Industries in the third quarter valued at approximately $4,007,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Tootsie Roll Industries by 13.0% in the third quarter. Exchange Traded Concepts LLC now owns 54,390 shares of the company's stock valued at $1,684,000 after buying an additional 6,254 shares during the period. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Stock Up 2.9 %

Shares of TR traded up $0.89 during trading hours on Monday, hitting $32.16. 128,535 shares of the company were exchanged, compared to its average volume of 112,637. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $34.00. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 24.59 and a beta of 0.22. The firm's fifty day moving average is $32.08 and its 200 day moving average is $30.93.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, December 18th. Tootsie Roll Industries's 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.