Allspring Global Investments Holdings LLC Has $28 Million Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Allspring Global Investments Holdings LLC increased its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842,228 shares of the company's stock after buying an additional 88,595 shares during the period. Allspring Global Investments Holdings LLC owned about 1.21% of Tootsie Roll Industries worth $27,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Tootsie Roll Industries in the 3rd quarter valued at about $506,000. Qube Research & Technologies Ltd grew its holdings in Tootsie Roll Industries by 6.2% during the third quarter. Qube Research & Technologies Ltd now owns 74,880 shares of the company's stock worth $2,236,000 after acquiring an additional 4,394 shares during the period. Headinvest LLC acquired a new position in Tootsie Roll Industries during the third quarter worth $28,000. Creative Financial Designs Inc. ADV grew its holdings in Tootsie Roll Industries by 152.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,323 shares of the company's stock valued at $177,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Tootsie Roll Industries by 45,333.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,363 shares of the company's stock valued at $45,000 after purchasing an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Price Performance

NYSE:TR traded down $0.61 during mid-day trading on Friday, reaching $29.94. The company's stock had a trading volume of 70,304 shares, compared to its average volume of 71,353. The company's fifty day simple moving average is $32.00 and its two-hundred day simple moving average is $32.32. Tootsie Roll Industries, Inc. has a twelve month low of $29.07 and a twelve month high of $45.46. The stock has a market cap of $2.14 billion, a P/E ratio of 23.57 and a beta of 0.15.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its earnings results on Friday, February 16th. The company reported $0.41 EPS for the quarter. The business had revenue of $195.37 million for the quarter. Tootsie Roll Industries had a return on equity of 11.48% and a net margin of 12.04%.

Tootsie Roll Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 6th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.20%. This is a positive change from Tootsie Roll Industries's previous quarterly dividend of $0.09. Tootsie Roll Industries's payout ratio is currently 28.35%.

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.