Vanguard Group Inc. Grows Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Vanguard Group Inc. increased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,109,375 shares of the company's stock after buying an additional 211,129 shares during the quarter. Vanguard Group Inc. owned about 2.95% of Tootsie Roll Industries worth $68,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TR. JPMorgan Chase & Co. increased 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 valued at $823,000 after buying an additional 19,547 shares during the last quarter. SG Americas Securities LLC grew its position in Tootsie Roll Industries by 177.6% in the 4th quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock valued at $676,000 after buying an additional 13,375 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Tootsie Roll Industries by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 78,909 shares of the company's stock valued at $2,551,000 after purchasing an additional 2,342 shares in the last quarter. Bfsg LLC purchased a new position in Tootsie Roll Industries in the fourth quarter valued at about $5,543,000. Finally, Westhampton Capital LLC acquired a new position in Tootsie Roll Industries during the fourth quarter worth $504,000. Hedge funds and other institutional investors own 14.28% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Tootsie Roll Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th.

Tootsie Roll Industries Stock Down 0.1 %

Shares of TR stock traded down $0.04 during mid-day trading on Wednesday, hitting $31.14. 3,845 shares of the company's stock were exchanged, compared to its average volume of 162,920. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 25.52 and a beta of 0.33. The stock has a 50-day simple moving average of $31.22 and a two-hundred day simple moving average of $31.30. Tootsie Roll Industries, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $33.22.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. Tootsie Roll Industries's dividend payout ratio is presently 30.51%.

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.