Tootsie Roll Industries (NYSE:TR) Hits New 52-Week High - Here's What Happened

Shares of Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $33.22 and last traded at $32.81, with a volume of 118279 shares. The stock had previously closed at $32.57.

Tootsie Roll Industries Stock Up 1.3 %

The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.02 and a beta of 0.19. The business has a 50-day moving average of $31.25 and a two-hundred day moving average of $31.37.

Tootsie Roll Industries Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $3.00 per share. This is a boost from Tootsie Roll Industries's previous -- dividend of $0.09. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 1.1%. Tootsie Roll Industries's dividend payout ratio (DPR) is currently 30.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new position in Tootsie Roll Industries during the fourth quarter worth about $27,000. Deutsche Bank AG bought a new position in Tootsie Roll Industries during the fourth quarter worth about $52,000. GAMMA Investing LLC lifted its stake in Tootsie Roll Industries by 133.5% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock worth $58,000 after purchasing an additional 1,033 shares during the period. KLP Kapitalforvaltning AS bought a new position in Tootsie Roll Industries during the fourth quarter worth about $82,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Tootsie Roll Industries during the third quarter worth about $96,000. Institutional investors own 14.28% of the company's stock.

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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.