Landscape Capital Management L.L.C. Takes $2.45 Million Position in Tootsie Roll Industries, Inc. $TR

Key Points

• Landscape Capital Management acquired 62,011 shares of Tootsie Roll Industries worth approximately $2.45 million, representing a 0.08% stake. Institutional investors collectively own 14.28% of the company.
• Tootsie Roll reported quarterly revenue of $154.22 million and earnings of $0.18 per share, alongside a 13.14% net margin and 10.16% return on equity.
• The company pays a quarterly dividend of $0.09 per share, equivalent to an annualized $0.36 dividend and a 0.9% yield. Analysts maintain a consensus “Hold” rating.

Landscape Capital Management L.L.C. acquired a new position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 62,011 shares of the company's stock, valued at approximately $2,453,000. Landscape Capital Management L.L.C. owned 0.08% of Tootsie Roll Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TR. Robertson Stephens Wealth Management LLC bought a new position in Tootsie Roll Industries during the 4th quarter worth approximately $935,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $3,077,000. GSA Capital Partners LLP purchased a new stake in shares of Tootsie Roll Industries during the second quarter valued at approximately $1,021,000. Vanguard Group Inc. grew its holdings in shares of Tootsie Roll Industries by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company's stock worth $79,281,000 after purchasing an additional 37,493 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tootsie Roll Industries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,152,714 shares of the company's stock worth $49,245,000 after purchasing an additional 26,653 shares during the last quarter. Institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Performance

NYSE TR opened at $41.08 on Friday. The stock has a market cap of $3.08 billion, a P/E ratio of 31.99 and a beta of 0.39. Tootsie Roll Industries, Inc. has a fifty-two week low of $34.44 and a fifty-two week high of $45.06. The stock has a 50 day simple moving average of $39.01 and a two-hundred day simple moving average of $40.45.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 10.16% and a net margin of 13.14%.The firm had revenue of $154.22 million for the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given 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 Thursday, June 18th. Tootsie Roll Industries's payout ratio is presently 28.12%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Tootsie Roll Industries in a research note on Monday, June 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tootsie Roll Industries has an average rating of "Hold".

About Tootsie Roll Industries

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.

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