Tootsie Roll Industries, Inc. $TR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,404 shares of the company’s stock after selling 30,603 shares during the quarter. ProShare Advisors LLC owned approximately 0.22% of Tootsie Roll Industries worth $6,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in shares of Tootsie Roll Industries in the third quarter valued at approximately $219,000. Principal Financial Group Inc. boosted its position in Tootsie Roll Industries by 28.4% in the 3rd quarter. Principal Financial Group Inc. now owns 106,566 shares of the company’s stock valued at $4,467,000 after buying an additional 23,564 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Tootsie Roll Industries by 15.3% in the third quarter. Thrivent Financial for Lutherans now owns 14,176 shares of the company’s stock worth $594,000 after acquiring an additional 1,883 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Tootsie Roll Industries during the third quarter worth $233,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Tootsie Roll Industries by 16.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,599 shares of the company’s stock worth $361,000 after acquiring an additional 1,243 shares during the period. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Trading Up 2.8%

Shares of TR opened at $41.14 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 31.87 and a beta of 0.53. The firm’s fifty day simple moving average is $37.64 and its 200-day simple moving average is $39.03. Tootsie Roll Industries, Inc. has a twelve month low of $29.13 and a twelve month high of $44.27.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 24th were issued a $0.09 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is presently 27.91%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tootsie Roll Industries has a consensus rating of “Hold”.

About Tootsie Roll Industries

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.