Tootsie Roll Industries, Inc. (NYSE:TR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,573 shares of the company's stock after buying an additional 37,924 shares during the quarter. Dimensional Fund Advisors LP owned 1.45% of Tootsie Roll Industries worth $33,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in Tootsie Roll Industries by 12.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 16,881 shares of the company's stock valued at $546,000 after purchasing an additional 1,817 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Tootsie Roll Industries during the fourth quarter valued at approximately $390,000. Invesco Ltd. lifted its position in shares of Tootsie Roll Industries by 1.0% in the fourth quarter. Invesco Ltd. now owns 156,713 shares of the company's stock valued at $5,067,000 after acquiring an additional 1,546 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Tootsie Roll Industries in the fourth quarter worth approximately $1,139,000. Finally, Geode Capital Management LLC increased its position in shares of Tootsie Roll Industries by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 251,414 shares of the company's stock worth $8,132,000 after purchasing an additional 6,541 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Tootsie Roll Industries from a "buy" rating to a "hold" rating in a report on Friday, April 18th.

Tootsie Roll Industries Stock Down 1.3 %

Shares of Tootsie Roll Industries stock traded down $0.44 on Wednesday, hitting $33.00. 79,482 shares of the company were exchanged, compared to its average volume of 167,015. Tootsie Roll Industries, Inc. has a 1-year low of $26.78 and a 1-year high of $34.63. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 27.05 and a beta of 0.39. The company has a 50-day moving average price of $31.59 and a 200 day moving average price of $31.54.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The company 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.36 annualized dividend and a yield of 1.09%. Tootsie Roll Industries's payout ratio is 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.