8,769 Shares in Tootsie Roll Industries, Inc. (NYSE:TR) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,769 shares of the company's stock, valued at approximately $284,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new position in Tootsie Roll Industries during the 4th quarter worth approximately $27,000. Deutsche Bank AG purchased a new position in Tootsie Roll Industries during the 4th quarter worth approximately $52,000. KLP Kapitalforvaltning AS purchased a new position in Tootsie Roll Industries during the 4th quarter worth approximately $82,000. Yousif Capital Management LLC purchased a new position in Tootsie Roll Industries during the 4th quarter worth approximately $200,000. Finally, Corient Private Wealth LLC purchased a new position in Tootsie Roll Industries during the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 14.28% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Tootsie Roll Industries Trading Down 1.7%

Shares of TR stock opened at $34.55 on Friday. The business's 50 day moving average is $32.69 and its two-hundred day moving average is $32.05. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $36.25. The company has a market capitalization of $2.52 billion, a P/E ratio of 28.32 and a beta of 0.42.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its 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 company had revenue of $146.52 million for the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. Tootsie Roll Industries's dividend payout ratio (DPR) is currently 29.51%.

Tootsie Roll Industries Company Profile

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.

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