Apollon Wealth Management LLC Invests $275,000 in Tootsie Roll Industries, Inc. (NYSE:TR)

Apollon Wealth Management LLC purchased a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,742 shares of the company's stock, valued at approximately $275,000.

Several other large investors have also recently added to or reduced their stakes in TR. Creative Financial Designs Inc. ADV raised its stake in shares of 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 valued at $232,000 after acquiring an additional 324 shares in the last quarter. HighTower Advisors LLC boosted its stake 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 purchasing an additional 377 shares in the last quarter. LPL Financial LLC boosted its stake in Tootsie Roll Industries by 5.4% in the fourth quarter. LPL Financial LLC now owns 7,859 shares of the company's stock worth $254,000 after purchasing an additional 404 shares in the last quarter. CWA Asset Management Group LLC raised its position in shares of Tootsie Roll Industries by 3.0% during the first quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock worth $548,000 after acquiring an additional 506 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Tootsie Roll Industries by 2.5% in the fourth quarter. Sei Investments Co. now owns 28,194 shares of the company's stock valued at $912,000 after purchasing an additional 695 shares during the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Price Performance

Shares of TR stock traded up $0.28 on Monday, hitting $37.59. 168,657 shares of the stock traded hands, compared to its average volume of 183,034. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 30.79 and a beta of 0.40. The firm has a 50 day simple moving average of $34.42 and a two-hundred day simple moving average of $32.47. Tootsie Roll Industries, Inc. has a 52 week low of $26.78 and a 52 week high of $38.27.

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

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. Tootsie Roll Industries's payout ratio is currently 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.