Invesco Ltd. Sells 8,695 Shares of Tootsie Roll Industries, Inc. $TR

Key Points

• Invesco Ltd. reduced its stake in Tootsie Roll Industries by 5.5%, selling 8,695 shares and now holding approximately 0.21% of the company valued at $4.66 million.
• Tootsie Roll Industries reported a quarterly revenue of $153.19 million and earnings per share of $0.24, with a net margin of 12.72% and a return on equity of 10.36%.
• Shares of Tootsie Roll have seen a 1.0% increase, with a current market price of $40.77 and a twelve-month high of $40.83.

Invesco Ltd. lowered its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,018 shares of the company's stock after selling 8,695 shares during the period. Invesco Ltd. owned 0.21% of Tootsie Roll Industries worth $4,660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Tootsie Roll Industries by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,152,076 shares of the company's stock worth $67,747,000 after acquiring an additional 42,701 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Tootsie Roll Industries by 9.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company's stock worth $39,229,000 after acquiring an additional 102,519 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tootsie Roll Industries by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,573 shares of the company's stock worth $33,577,000 after acquiring an additional 37,924 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Tootsie Roll Industries by 3.8% during the fourth quarter. Bank of America Corp DE now owns 181,978 shares of the company's stock worth $5,883,000 after acquiring an additional 6,585 shares in the last quarter. Finally, Bfsg LLC lifted its position in shares of Tootsie Roll Industries by 2.7% during the first quarter. Bfsg LLC now owns 176,105 shares of the company's stock worth $5,544,000 after acquiring an additional 4,656 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Tootsie Roll Industries Stock Performance

TR traded up $0.42 during trading on Tuesday, reaching $40.63. The stock had a trading volume of 152,692 shares, compared to its average volume of 143,252. The stock has a market cap of $2.97 billion, a PE ratio of 32.57 and a beta of 0.46. Tootsie Roll Industries, Inc. has a one year low of $28.18 and a one year high of $40.97. The business has a 50-day moving average of $37.73 and a 200-day moving average of $34.27.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. The business had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 19th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Tootsie Roll Industries's dividend payout ratio is currently 28.80%.

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.