21,410 Shares in Tootsie Roll Industries, Inc. (NYSE:TR) Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,410 shares of the company's stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in Tootsie Roll Industries during the fourth quarter valued at approximately $27,000. Deutsche Bank AG acquired a new position in shares of Tootsie Roll Industries during the 4th quarter valued at about $52,000. KLP Kapitalforvaltning AS bought a new position in Tootsie Roll Industries in the 4th quarter worth $82,000. Pacer Advisors Inc. acquired a new position in Tootsie Roll Industries during the 4th quarter valued at $176,000. Finally, Barclays PLC raised its stake in shares of Tootsie Roll Industries by 227.2% in the third quarter. Barclays PLC now owns 5,566 shares of the company's stock valued at $171,000 after purchasing an additional 3,865 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday.

Tootsie Roll Industries Stock Performance

NYSE:TR traded up $0.37 on Tuesday, reaching $34.18. The company's stock had a trading volume of 109,703 shares, compared to its average volume of 169,644. The business's 50-day moving average price is $31.78 and its two-hundred day moving average price is $31.74. Tootsie Roll Industries, Inc. has a 1-year low of $26.78 and a 1-year high of $34.63. The firm has a market cap of $2.44 billion, a PE ratio of 28.02 and a beta of 0.39.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.25 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%. The firm had revenue of $146.52 million for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. Tootsie Roll Industries's payout ratio is 29.51%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.