Squarepoint Ops LLC Acquires Shares of 8,769 Tootsie Roll Industries, Inc. (NYSE:TR)

Squarepoint Ops LLC bought a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,769 shares of the company's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Tootsie Roll Industries by 11.1% in the 4th quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company's stock valued at $68,196,000 after acquiring an additional 211,129 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Tootsie Roll Industries by 3.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company's stock worth $37,179,000 after purchasing an additional 41,326 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tootsie Roll Industries by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,573 shares of the company's stock worth $33,577,000 after purchasing an additional 37,924 shares in the last quarter. HFR Wealth Management LLC boosted its position in shares of Tootsie Roll Industries by 0.6% in the 4th quarter. HFR Wealth Management LLC now owns 281,313 shares of the company's stock worth $9,095,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Tootsie Roll Industries by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 251,414 shares of the company's stock worth $8,132,000 after purchasing an additional 6,541 shares in the last quarter. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Price Performance

TR traded down $0.97 on Tuesday, reaching $33.94. 167,356 shares of the stock were exchanged, compared to its average volume of 174,504. The company's 50-day moving average price is $32.81 and its 200 day moving average price is $32.06. Tootsie Roll Industries, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $36.25. The firm has a market capitalization of $2.48 billion, a PE ratio of 27.82 and a beta of 0.42.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.25 EPS 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 during the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. Tootsie Roll Industries's dividend payout ratio is currently 29.51%.

Analyst Upgrades and Downgrades

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

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.