StockNews.com Downgrades Tootsie Roll Industries (NYSE:TR) to Hold

Tootsie Roll Industries (NYSE:TR - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Tootsie Roll Industries Stock Up 1.0%

NYSE:TR opened at $32.50 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 26.64 and a beta of 0.39. Tootsie Roll Industries has a twelve month low of $26.78 and a twelve month high of $34.63. The stock's 50-day simple moving average is $31.67 and its 200 day simple moving average is $31.64.

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. The company had revenue of $146.52 million for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Tootsie Roll Industries by 278.4% in the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company's stock worth $823,000 after purchasing an additional 19,547 shares during the period. SG Americas Securities LLC raised its stake in shares of Tootsie Roll Industries by 177.6% in the fourth quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock worth $676,000 after purchasing an additional 13,375 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Tootsie Roll Industries by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 78,909 shares of the company's stock valued at $2,551,000 after acquiring an additional 2,342 shares in the last quarter. Bfsg LLC bought a new position in shares of Tootsie Roll Industries during the fourth quarter valued at about $5,543,000. Finally, Westhampton Capital LLC purchased a new position in shares of Tootsie Roll Industries in the 4th quarter worth approximately $504,000. 14.28% of the stock is owned by institutional investors and hedge funds.

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.

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