Tootsie Roll Industries Stock to Split on Thursday, March 5th (NYSE:TR)

Tootsie Roll Industries, Inc. (NYSE:TR)’s stock is scheduled to split on the morning of Thursday, March 5th. The 1.03-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Wednesday, March 4th.

Tootsie Roll Industries Stock Up 1.3%

Shares of NYSE TR opened at $42.66 on Wednesday. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 30.91 and a beta of 0.53. Tootsie Roll Industries has a 52 week low of $29.13 and a 52 week high of $44.27. The firm has a 50-day moving average price of $38.34 and a 200 day moving average price of $39.22.

Tootsie Roll Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 5th will be issued a $0.09 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Tootsie Roll Industries’s dividend payout ratio is currently 26.09%.

Wall Street Analyst Weigh In

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

Institutional Trading of Tootsie Roll Industries

Several hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its position in shares of Tootsie Roll Industries by 260.7% during the second quarter. Teacher Retirement System of Texas now owns 114,589 shares of the company’s stock worth $3,833,000 after buying an additional 82,823 shares during the period. Geode Capital Management LLC increased its position in Tootsie Roll Industries by 75.4% in the 2nd quarter. Geode Capital Management LLC now owns 472,180 shares of the company’s stock valued at $15,797,000 after acquiring an additional 203,042 shares during the period. Principal Financial Group Inc. raised its stake in Tootsie Roll Industries by 28.4% during the 3rd quarter. Principal Financial Group Inc. now owns 106,566 shares of the company’s stock valued at $4,467,000 after acquiring an additional 23,564 shares in the last quarter. HFR Wealth Management LLC boosted its position in Tootsie Roll Industries by 2.4% during the 2nd quarter. HFR Wealth Management LLC now owns 292,969 shares of the company’s stock worth $9,800,000 after acquiring an additional 6,909 shares during the period. Finally, Inceptionr LLC bought a new position in shares of Tootsie Roll Industries in the second quarter worth $229,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Company 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.