Public Sector Pension Investment Board Raises Stake in Tootsie Roll Industries, Inc. $TR

Key Points

• The Public Sector Pension Investment Board increased its stake in Tootsie Roll Industries by 30.4%, acquiring an additional 12,541 shares during the first quarter.
• Tootsie Roll Industries recently announced a quarterly dividend of $0.09, resulting in an annualized dividend yield of 0.9%.
• Analysts at Wall Street Zen downgraded Tootsie Roll Industries from a "buy" to a "hold" rating.

Public Sector Pension Investment Board boosted its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 30.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,797 shares of the company's stock after buying an additional 12,541 shares during the quarter. Public Sector Pension Investment Board owned 0.08% of Tootsie Roll Industries worth $1,694,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Tootsie Roll Industries by 4.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock valued at $232,000 after purchasing an additional 324 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Tootsie Roll Industries by 5.4% in the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company's stock valued at $254,000 after purchasing an additional 404 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock valued at $548,000 after purchasing an additional 506 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Tootsie Roll Industries by 15.1% in the 1st quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock valued at $197,000 after purchasing an additional 822 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. Swiss National Bank now owns 29,199 shares of the company's stock valued at $919,000 after purchasing an additional 850 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Trading Up 2.0%

NYSE:TR traded up $0.7780 during midday trading on Friday, hitting $40.0680. 139,032 shares of the company were exchanged, compared to its average volume of 174,121. The company has a fifty day simple moving average of $36.83 and a 200 day simple moving average of $33.81. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $40.43. The company has a market capitalization of $2.92 billion, a PE ratio of 32.12 and a beta of 0.44.

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

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Tootsie Roll Industries's dividend payout ratio (DPR) is presently 28.80%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note 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.