XTX Topco Ltd Makes New $732,000 Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

XTX Topco Ltd acquired a new position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,252 shares of the company's stock, valued at approximately $732,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D. E. Shaw & Co. Inc. purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $394,000. Man Group plc purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $389,000. Teacher Retirement System of Texas purchased a new stake in shares of Tootsie Roll Industries during the first quarter valued at approximately $1,000,000. Two Sigma Advisers LP grew its holdings in shares of Tootsie Roll Industries by 72.0% during the fourth quarter. Two Sigma Advisers LP now owns 45,148 shares of the company's stock valued at $1,460,000 after buying an additional 18,900 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Tootsie Roll Industries during the first quarter valued at approximately $275,000. Hedge funds and other institutional investors own 14.28% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tootsie Roll Industries Stock Up 1.7%

Shares of Tootsie Roll Industries stock opened at $38.19 on Tuesday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 30.62 and a beta of 0.44. The company's 50 day moving average is $35.64 and its 200 day moving average is $33.06. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $40.43.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. The business 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 10.42%.

Tootsie Roll Industries Announces Dividend

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

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