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

Dimensional Fund Advisors LP lifted its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,038,573 shares of the company's stock after purchasing an additional 37,924 shares during the period. Dimensional Fund Advisors LP owned about 1.45% of Tootsie Roll Industries worth $33,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Tootsie Roll Industries by 278.4% during 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 last quarter. SG Americas Securities LLC raised its position in Tootsie Roll Industries by 177.6% during the 4th quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock worth $676,000 after buying an additional 13,375 shares during the last quarter. Principal Financial Group Inc. raised its position 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 worth $2,551,000 after buying an additional 2,342 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Tootsie Roll Industries in the 4th quarter worth $5,543,000. Finally, Westhampton Capital LLC purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter valued at about $504,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Down 2.0 %

Shares of Tootsie Roll Industries stock traded down $0.67 during trading on Friday, reaching $32.80. The company's stock had a trading volume of 90,440 shares, compared to its average volume of 167,954. The business has a 50 day moving average price of $31.64 and a 200-day moving average price of $31.60. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $34.63. The company has a market capitalization of $2.35 billion, a P/E ratio of 26.89 and a beta of 0.39.

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

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Tootsie Roll Industries's dividend payout ratio (DPR) is 29.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Tootsie Roll Industries from a "hold" rating to a "buy" rating in a report on Thursday.

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.