Goldman Sachs Group Inc. Has $6.77 Million Position in Tootsie Roll Industries, Inc. $TR

Key Points

• Goldman Sachs Group Inc. increased its stake in Tootsie Roll Industries by 29.1%, owning a total of 215,015 shares valued at approximately $6.769 million by the end of the most recent quarter.
• Other institutional investors, including Vanguard Group Inc. and Allspring Global Investments, have also raised their stakes in the company during Q1, indicating growing interest in Tootsie Roll's stock.
• Tootsie Roll Industries reported a net margin of 12.72% and a return on equity of 10.36% in its latest earnings report, with revenue reaching $153.19 million for the quarter.

Goldman Sachs Group Inc. grew its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 29.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,015 shares of the company's stock after purchasing an additional 48,484 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.29% of Tootsie Roll Industries worth $6,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in Tootsie Roll Industries in the 4th quarter valued at about $52,000. Evermay Wealth Management LLC purchased a new position in shares of Tootsie Roll Industries during the 1st quarter valued at approximately $58,000. Quantbot Technologies LP raised its position in shares of Tootsie Roll Industries by 105.5% during the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock valued at $69,000 after acquiring an additional 1,133 shares in the last quarter. Pacer Advisors Inc. increased its position in Tootsie Roll Industries by 15.1% in the first quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock worth $197,000 after buying an additional 822 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Tootsie Roll Industries during the fourth quarter valued at $217,000. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Trading Down 0.4%

TR stock traded down $0.18 during trading hours on Friday, hitting $40.79. 58,962 shares of the stock traded hands, compared to its average volume of 164,205. Tootsie Roll Industries, Inc. has a one year low of $28.18 and a one year high of $42.10. The company has a market cap of $2.98 billion, a P/E ratio of 32.69 and a beta of 0.46. The stock has a 50-day simple moving average of $39.23 and a 200 day simple moving average of $35.03.

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

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Tootsie Roll Industries's dividend payout ratio (DPR) is 28.80%.

Tootsie Roll Industries 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.