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. cut its holdings in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 148,018 shares of the company's stock after selling 8,695 shares during the quarter. Invesco Ltd. owned approximately 0.21% of Tootsie Roll Industries worth $4,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its holdings in Tootsie Roll Industries by 4.6% during 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 last quarter. CWA Asset Management Group LLC raised its holdings in Tootsie Roll Industries by 3.0% during the 1st quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock worth $548,000 after purchasing an additional 506 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Tootsie Roll Industries by 15.1% during the 1st quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock worth $197,000 after purchasing an additional 822 shares during the last quarter. Swiss National Bank raised its holdings in Tootsie Roll Industries by 3.0% during the 1st quarter. Swiss National Bank now owns 29,199 shares of the company's stock worth $919,000 after purchasing an additional 850 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised its holdings in Tootsie Roll Industries by 3.3% during the 1st quarter. Brown Lisle Cummings Inc. now owns 36,464 shares of the company's stock worth $1,148,000 after purchasing an additional 1,165 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

Shares of Tootsie Roll Industries stock traded down $0.16 during trading on Monday, hitting $40.25. 141,115 shares of the company were exchanged, compared to its average volume of 149,021. The firm has a market capitalization of $2.94 billion, a P/E ratio of 32.27 and a beta of 0.46. Tootsie Roll Industries, Inc. has a 1-year low of $28.18 and a 1-year high of $40.88. The firm's fifty day moving average price is $37.50 and its 200 day moving average price is $34.16.

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

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 19th were paid a dividend of $0.09 per share. 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 presently 28.80%.

Analysts Set New Price Targets

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

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.