Northern Trust Corp grew its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337,301 shares of the company’s stock after purchasing an additional 1,148 shares during the quarter. Northern Trust Corp owned about 0.53% of Tootsie Roll Industries worth $11,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TR. Royce & Associates LP lifted its stake in shares of Tootsie Roll Industries by 6.8% in the 2nd quarter. Royce & Associates LP now owns 1,031,967 shares of the company’s stock valued at $35,964,000 after purchasing an additional 65,500 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Tootsie Roll Industries by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 330,305 shares of the company’s stock valued at $11,511,000 after purchasing an additional 24,432 shares during the period. ProShare Advisors LLC lifted its stake in shares of Tootsie Roll Industries by 3.0% in the 2nd quarter. ProShare Advisors LLC now owns 439,981 shares of the company’s stock valued at $15,333,000 after purchasing an additional 12,782 shares during the period. Reilly Herbert Faulkner III lifted its stake in shares of Tootsie Roll Industries by 6.4% in the 2nd quarter. Reilly Herbert Faulkner III now owns 124,044 shares of the company’s stock valued at $4,323,000 after purchasing an additional 7,507 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Tootsie Roll Industries by 7.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 86,391 shares of the company’s stock valued at $3,011,000 after purchasing an additional 6,240 shares during the period. 22.09% of the stock is currently owned by institutional investors.

Tootsie Roll Industries, Inc. (TR) opened at $35.25 on Friday. The company has a market capitalization of $2,232.20, a price-to-earnings ratio of 33.25 and a beta of 0.66.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, September 29th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 33.91%.

Separately, BidaskClub downgraded Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.

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Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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