Stifel Financial Corp Lowers Holdings in TOOTSIE ROLL IN/SH (TR)
Stifel Financial Corp lowered its holdings in shares of TOOTSIE ROLL IN/SH (NYSE:TR) by 24.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,933 shares of the company’s stock after selling 73,842 shares during the quarter. Stifel Financial Corp’s holdings in TOOTSIE ROLL IN/SH were worth $6,582,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in TOOTSIE ROLL IN/SH by 257.4% during the fourth quarter. Advisor Group Inc. now owns 2,999 shares of the company’s stock valued at $109,000 after purchasing an additional 2,160 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of TOOTSIE ROLL IN/SH by 103.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,248 shares of the company’s stock valued at $118,000 after acquiring an additional 1,652 shares during the period. New Mexico Educational Retirement Board purchased a new stake in shares of TOOTSIE ROLL IN/SH in the fourth quarter valued at $171,000. Millennium Management LLC purchased a new stake in shares of TOOTSIE ROLL IN/SH in the fourth quarter valued at $216,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of TOOTSIE ROLL IN/SH in the fourth quarter valued at $239,000. Institutional investors and hedge funds own 21.68% of the company’s stock.
Separately, TheStreet downgraded shares of TOOTSIE ROLL IN/SH from a “b-” rating to a “c+” rating in a research note on Thursday, April 5th.
TOOTSIE ROLL IN/SH (NYSE:TR) last announced its earnings results on Tuesday, April 24th. The company reported $0.13 earnings per share for the quarter. TOOTSIE ROLL IN/SH had a net margin of 15.38% and a return on equity of 10.97%. The business had revenue of $100.86 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Stockholders of record on Monday, June 18th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 15th.
TOOTSIE ROLL IN/SH Profile
Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the TOOTSIE ROLL, TOOTSIE 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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