Tootsie Roll Industries, Inc. $TR Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,224 shares of the company’s stock after selling 17,704 shares during the period. UBS Group AG owned approximately 0.27% of Tootsie Roll Industries worth $7,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Tootsie Roll Industries by 645.2% during the 4th quarter. SG Americas Securities LLC now owns 42,462 shares of the company’s stock worth $1,555,000 after buying an additional 36,764 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Tootsie Roll Industries by 130.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,864 shares of the company’s stock worth $2,551,000 after buying an additional 34,450 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Tootsie Roll Industries by 28.4% during the 3rd quarter. Principal Financial Group Inc. now owns 106,566 shares of the company’s stock worth $4,467,000 after buying an additional 23,564 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Tootsie Roll Industries by 34.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 76,663 shares of the company’s stock worth $3,214,000 after buying an additional 19,699 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Tootsie Roll Industries by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock worth $79,281,000 after buying an additional 37,493 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Performance

Tootsie Roll Industries stock opened at $41.49 on Tuesday. The company’s 50 day simple moving average is $42.24 and its 200-day simple moving average is $39.81. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 31.03 and a beta of 0.45. Tootsie Roll Industries, Inc. has a 1 year low of $32.63 and a 1 year high of $45.06.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.24 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%. The firm had revenue of $151.54 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 5th were issued a $0.09 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is presently 26.87%.

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.