Vanguard Group Inc. Boosts Holdings in Tootsie Roll Industries, Inc. $TR

Key Points

• Vanguard Group Inc. increased its holdings in Tootsie Roll Industries by 2.0%, now owning approximately 3.01% of the company, which is valued at about $67.7 million.
• Tootsie Roll Industries reported a quarterly earnings per share of $0.24 with revenues of $153.19 million, alongside a 12.72% net margin.
• The company declared a quarterly dividend of $0.09, representing an annualized yield of 0.9% and a dividend payout ratio of 28.80%.

Vanguard Group Inc. increased its position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,152,076 shares of the company's stock after purchasing an additional 42,701 shares during the period. Vanguard Group Inc. owned 3.01% of Tootsie Roll Industries worth $67,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG purchased a new position in shares of Tootsie Roll Industries during the fourth quarter worth about $52,000. Evermay Wealth Management LLC purchased a new position in shares of Tootsie Roll Industries during the first quarter worth about $58,000. Pacer Advisors Inc. grew its holdings in shares of Tootsie Roll Industries by 15.1% during 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 last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Tootsie Roll Industries during the fourth quarter worth about $217,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Tootsie Roll Industries by 4.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock worth $232,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Performance

TR stock traded down $0.16 during trading on Friday, reaching $40.25. 141,115 shares of the company were exchanged, compared to its average volume of 153,013. The company has a market cap of $2.94 billion, a P/E ratio of 32.27 and a beta of 0.44. Tootsie Roll Industries, Inc. has a 52-week low of $28.18 and a 52-week high of $40.88. The stock's 50 day moving average price is $37.50 and its 200 day moving average price is $34.12.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.24 earnings per share 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 during the quarter.

Tootsie Roll Industries Dividend Announcement

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

Analysts Set New Price Targets

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

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.