Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $33.22 and last traded at $32.81, with a volume of 118279 shares traded. The stock had previously closed at $32.57.
Tootsie Roll Industries Trading Up 0.8 %
The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 25.90 and a beta of 0.19. The stock's 50 day moving average is $31.27 and its 200 day moving average is $31.34.
Tootsie Roll Industries Increases Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1.1%. This is a positive change from Tootsie Roll Industries's previous -- dividend of $0.09. Tootsie Roll Industries's dividend payout ratio (DPR) is currently 30.51%.
Institutional Trading of Tootsie Roll Industries
A number of hedge funds have recently made changes to their positions in TR. JPMorgan Chase & Co. boosted its holdings in shares of Tootsie Roll Industries by 278.4% during the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company's stock valued at $823,000 after acquiring an additional 19,547 shares during the period. SG Americas Securities LLC raised its holdings in Tootsie Roll Industries by 177.6% during the 4th quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock worth $676,000 after buying an additional 13,375 shares during the period. Principal Financial Group Inc. grew its stake in Tootsie Roll Industries by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 78,909 shares of the company's stock valued at $2,551,000 after acquiring an additional 2,342 shares in the last quarter. Bfsg LLC purchased a new position in Tootsie Roll Industries during the 4th quarter valued at about $5,543,000. Finally, HighTower Advisors LLC grew its stake in Tootsie Roll Industries by 1.5% during the 3rd quarter. HighTower Advisors LLC now owns 44,838 shares of the company's stock valued at $1,388,000 after acquiring an additional 668 shares in the last quarter. Institutional investors and hedge funds own 14.28% of the company's stock.
About Tootsie Roll Industries
(
Get Free Report)
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.
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