Tootsie Roll Industries, Inc. (NYSE:TR) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 70.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 103,348 shares of the company's stock after selling 247,770 shares during the period. Millennium Management LLC owned 0.14% of Tootsie Roll Industries worth $3,341,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of Tootsie Roll Industries by 177.6% in the fourth quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock valued at $676,000 after acquiring an additional 13,375 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Tootsie Roll Industries in the fourth quarter valued at about $176,000. Brown Lisle Cummings Inc. lifted its position in shares of Tootsie Roll Industries by 12.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 35,299 shares of the company's stock valued at $1,141,000 after acquiring an additional 3,778 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter worth about $200,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter worth about $323,000. Institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Performance

TR traded down $0.43 during trading on Wednesday, hitting $35.10. 131,182 shares of the stock were exchanged, compared to its average volume of 172,613. The firm has a 50 day simple moving average of $32.56 and a 200 day simple moving average of $32.02. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 28.77 and a beta of 0.39. Tootsie Roll Industries, Inc. has a 1 year low of $26.78 and a 1 year high of $36.25.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.25 EPS for the quarter. The company had revenue of $146.52 million for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, June 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. Tootsie Roll Industries's payout ratio is 29.51%.

Wall Street Analyst Weigh In

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

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.