Two Sigma Advisers LP Buys 18,900 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Two Sigma Advisers LP raised its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 72.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,148 shares of the company's stock after acquiring an additional 18,900 shares during the period. Two Sigma Advisers LP owned about 0.06% of Tootsie Roll Industries worth $1,460,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TR. Byrne Asset Management LLC purchased a new stake in Tootsie Roll Industries during the 4th quarter valued at about $27,000. Deutsche Bank AG bought a new stake in Tootsie Roll Industries in the fourth quarter valued at approximately $52,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $82,000. Pacer Advisors Inc. purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $176,000. Finally, Yousif Capital Management LLC bought a new position in shares of Tootsie Roll Industries in the fourth quarter worth approximately $200,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Down 1.2%

Shares of Tootsie Roll Industries stock traded down $0.43 during trading on Wednesday, reaching $35.10. 131,182 shares of the stock were exchanged, compared to its average volume of 172,613. 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. The stock's fifty day moving average is $32.56 and its 200 day moving average is $32.02.

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

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 19th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, June 18th. Tootsie Roll Industries's payout ratio is 29.51%.

Analysts Set New Price Targets

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