Tootsie Roll Industries, Inc. (NYSE:TR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 3,573.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,383 shares of the company's stock after purchasing an additional 64,576 shares during the period. GAMMA Investing LLC owned about 0.09% of Tootsie Roll Industries worth $2,109,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. acquired a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at $394,000. Two Sigma Advisers LP boosted its stake in shares of Tootsie Roll Industries by 72.0% during the 4th quarter. Two Sigma Advisers LP now owns 45,148 shares of the company's stock worth $1,460,000 after purchasing an additional 18,900 shares during the last quarter. Man Group plc purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter worth about $389,000. Principal Financial Group Inc. lifted its stake in shares of Tootsie Roll Industries by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 78,909 shares of the company's stock valued at $2,551,000 after buying an additional 2,342 shares during the period. Finally, Bfsg LLC purchased a new position in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $5,543,000. Institutional investors and hedge funds own 14.28% of the company's stock.

Analysts Set New Price Targets

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

Tootsie Roll Industries Stock Up 0.9%

Shares of TR stock traded up $0.31 on Monday, reaching $33.61. 34,902 shares of the stock were exchanged, compared to its average volume of 175,647. Tootsie Roll Industries, Inc. has a 1-year low of $26.78 and a 1-year high of $36.25. The stock has a market cap of $2.45 billion, a P/E ratio of 27.54 and a beta of 0.42. The firm has a 50 day moving average of $32.99 and a two-hundred day moving average of $32.06.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.25 EPS for the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%. The business 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. Stockholders of record on Thursday, June 19th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 18th. Tootsie Roll Industries's payout ratio is 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.