Tootsie Roll Industries, Inc. (NYSE:TR) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 33.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,991 shares of the company's stock after selling 15,692 shares during the period. First Trust Advisors LP's holdings in Tootsie Roll Industries were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in shares of Tootsie Roll Industries in the 4th quarter valued at about $27,000. GAMMA Investing LLC raised its position in shares of Tootsie Roll Industries by 133.5% during the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock worth $58,000 after acquiring an additional 1,033 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Tootsie Roll Industries during the 4th quarter worth about $82,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Tootsie Roll Industries during the 3rd quarter worth about $96,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Tootsie Roll Industries during the 4th quarter worth about $176,000. Hedge funds and other institutional investors own 14.28% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tootsie Roll Industries from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Tootsie Roll Industries Stock Down 1.6%

TR traded down $0.53 during trading on Tuesday, hitting $31.81. 20,021 shares of the stock were exchanged, compared to its average volume of 167,302. The firm has a market capitalization of $2.28 billion, a P/E ratio of 26.07 and a beta of 0.39. Tootsie Roll Industries, Inc. has a 1-year low of $26.78 and a 1-year high of $34.63. The stock has a fifty day moving average price of $31.66 and a two-hundred day moving average price of $31.62.

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

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, March 5th. Tootsie Roll Industries's payout ratio is currently 29.51%.

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.