Tootsie Roll Industries (NYSE:TR) Hits New 52-Week High - Still a Buy?

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

Tootsie Roll Industries Price Performance

The stock has a market cap of $2.27 billion, a PE ratio of 26.02 and a beta of 0.19. The business has a 50 day simple moving average of $31.25 and a 200 day simple moving average of $31.37.

Tootsie Roll Industries Increases Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $3.00 per share. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, March 5th. This is an increase from Tootsie Roll Industries's previous -- dividend of $0.09. Tootsie Roll Industries's dividend payout ratio is 30.51%.

Institutional Trading of Tootsie Roll Industries

Several large investors have recently made changes to their positions in TR. US Bancorp DE boosted its stake in shares of Tootsie Roll Industries by 70.9% during the 3rd quarter. US Bancorp DE now owns 4,927 shares of the company's stock worth $153,000 after acquiring an additional 2,044 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Tootsie Roll Industries by 3.7% during the 3rd quarter. Quest Partners LLC now owns 12,814 shares of the company's stock worth $397,000 after acquiring an additional 452 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Tootsie Roll Industries by 899.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,913 shares of the company's stock worth $214,000 after acquiring an additional 6,221 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Tootsie Roll Industries by 1,398.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,460 shares of the company's stock valued at $231,000 after purchasing an additional 6,962 shares during the period. Finally, Walleye Capital LLC bought a new stake in Tootsie Roll Industries during the 3rd quarter valued at approximately $471,000. 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.