Wealth Enhancement Advisory Services LLC Purchases New Holdings in Tootsie Roll Industries, Inc. $TR

Wealth Enhancement Advisory Services LLC purchased a new position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,448 shares of the company's stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in shares of Tootsie Roll Industries by 29.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock worth $6,769,000 after purchasing an additional 48,484 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tootsie Roll Industries in the first quarter worth $856,000. AQR Capital Management LLC grew its stake in shares of Tootsie Roll Industries by 56.6% in 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. Royal Bank of Canada grew its stake in shares of Tootsie Roll Industries by 4.4% in 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. Finally, Baird Financial Group Inc. grew its stake in shares of Tootsie Roll Industries by 88.4% in the first quarter. Baird Financial Group Inc. now owns 46,934 shares of the company's stock worth $1,477,000 after acquiring an additional 22,027 shares during the last quarter. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Stock Down 0.2%

Shares of NYSE TR opened at $43.07 on Friday. The firm's 50-day moving average price is $40.46 and its 200-day moving average price is $36.10. The company has a market cap of $3.14 billion, a PE ratio of 34.53 and a beta of 0.45. Tootsie Roll Industries, Inc. has a 52-week low of $28.32 and a 52-week high of $43.97.

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

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, October 7th. Tootsie Roll Industries's payout ratio is 28.80%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Tootsie Roll Industries in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

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.

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