Legal & General Group Plc Acquires New Position in Tootsie Roll Industries, Inc. $TR

Legal & General Group Plc bought a new position in Tootsie Roll Industries, Inc. (NYSE:TR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 41,347 shares of the company’s stock, valued at approximately $1,635,000. Legal & General Group Plc owned about 0.06% of Tootsie Roll Industries as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Tootsie Roll Industries in the 2nd quarter worth about $84,370,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Tootsie Roll Industries by 1,369,340.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 301,277 shares of the company’s stock valued at $11,036,000 after acquiring an additional 301,255 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Tootsie Roll Industries by 121.9% during the 3rd quarter. Millennium Management LLC now owns 328,323 shares of the company’s stock valued at $13,763,000 after acquiring an additional 180,351 shares during the last quarter. Invesco Ltd. grew its stake in shares of Tootsie Roll Industries by 98.1% in the third quarter. Invesco Ltd. now owns 316,816 shares of the company’s stock worth $13,281,000 after acquiring an additional 156,929 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Tootsie Roll Industries during the second quarter valued at approximately $6,080,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Trading Down 0.1%

Shares of TR stock opened at $38.73 on Monday. Tootsie Roll Industries, Inc. has a 12 month low of $34.44 and a 12 month high of $45.06. The stock has a market cap of $2.91 billion, a P/E ratio of 30.16 and a beta of 0.41. The company has a 50 day simple moving average of $39.67 and a two-hundred day simple moving average of $40.50.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. Tootsie Roll Industries had a return on equity of 10.16% and a net margin of 13.14%.The firm had revenue of $154.22 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.