Robertson Stephens Wealth Management LLC Takes $935,000 Position in Tootsie Roll Industries, Inc. $TR

Key Points

• Robertson Stephens Wealth Management LLC bought a new stake in Tootsie Roll Industries (NYSE:TR) of 25,475 shares valued at approximately $935,000 during the fourth quarter.
• Several other institutions — including Goldman Sachs, Royal Bank of Canada, AQR, Rhumbline Advisers and American Century — also increased positions, with total institutional ownership at 14.28%.
• Tootsie Roll has a market cap of $3.19 billion and a P/E of 31.66; it reported $0.39 EPS on $196.28 million in quarterly revenue and pays a $0.09 quarterly dividend (annualized $0.36, 0.8% yield, 26.87% payout ratio).

Robertson Stephens Wealth Management LLC bought a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,475 shares of the company's stock, valued at approximately $935,000.

Several other institutional investors have also modified their holdings of TR. Royal Bank of Canada boosted its position in Tootsie Roll Industries by 4.4% during the first quarter. Royal Bank of Canada now owns 67,993 shares of the company's stock worth $2,140,000 after acquiring an additional 2,893 shares during the last quarter. AQR Capital Management LLC boosted its position in Tootsie Roll Industries by 56.6% during the first quarter. AQR Capital Management LLC now owns 17,428 shares of the company's stock worth $549,000 after acquiring an additional 6,299 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Tootsie Roll Industries by 29.1% during the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock worth $6,769,000 after acquiring an additional 48,484 shares during the last quarter. Rhumbline Advisers boosted its position in Tootsie Roll Industries by 95.8% during the second quarter. Rhumbline Advisers now owns 44,865 shares of the company's stock worth $1,501,000 after acquiring an additional 21,947 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Tootsie Roll Industries by 25.4% during the second quarter. American Century Companies Inc. now owns 34,030 shares of the company's stock worth $1,138,000 after acquiring an additional 6,889 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Trading Down 0.2%

TR opened at $42.43 on Monday. The firm has a market capitalization of $3.19 billion, a PE ratio of 31.66 and a beta of 0.45. Tootsie Roll Industries, Inc. has a twelve month low of $31.59 and a twelve month high of $45.06. The firm's 50-day moving average price is $42.42 and its 200 day moving average price is $39.76.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.39 earnings per share for the quarter. The firm had revenue of $196.28 million for the quarter. Tootsie Roll Industries had a net margin of 13.81% and a return on equity of 11.02%.

Tootsie Roll Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 5th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Tootsie Roll Industries's payout ratio is presently 26.87%.

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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