Allspring Global Investments Holdings LLC Raises Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,242,619 shares of the company's stock after purchasing an additional 102,519 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.74% of Tootsie Roll Industries worth $39,229,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its stake in Tootsie Roll Industries by 4.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock worth $232,000 after purchasing an additional 324 shares during the period. HighTower Advisors LLC boosted its holdings in Tootsie Roll Industries by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 45,215 shares of the company's stock worth $1,462,000 after acquiring an additional 377 shares in the last quarter. LPL Financial LLC raised its holdings in Tootsie Roll Industries by 5.4% in the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company's stock worth $254,000 after acquiring an additional 404 shares during the last quarter. CWA Asset Management Group LLC raised its position in Tootsie Roll Industries by 3.0% in the 1st quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock worth $548,000 after buying an additional 506 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Tootsie Roll Industries by 2.5% during the 4th quarter. Sei Investments Co. now owns 28,194 shares of the company's stock valued at $912,000 after buying an additional 695 shares during the period. Hedge funds and other institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Up 1.3%

Shares of TR stock traded up $0.44 on Wednesday, hitting $35.26. The stock had a trading volume of 257,276 shares, compared to its average volume of 178,001. Tootsie Roll Industries, Inc. has a one year low of $26.78 and a one year high of $36.25. The business has a 50 day moving average price of $33.66 and a 200 day moving average price of $32.17. The company has a market cap of $2.57 billion, a PE ratio of 28.88 and a beta of 0.40.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $146.52 million during the quarter. Tootsie Roll Industries had a return on equity of 10.29% and a net margin of 12.53%.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 dividend yield of 1.02%. Tootsie Roll Industries's dividend payout ratio (DPR) is 29.51%.

Analyst Ratings Changes

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

Tootsie Roll Industries 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.