Tootsie Roll Industries (NYSE:TR) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Tootsie Roll shares crossed above their 50-day moving average, trading as high as $43.26 and last at $42.6630 on volume of 105,240, with the stock up roughly 1.9%.
• The company reported quarterly EPS of $0.39 on $196.28 million in revenue, has a market cap of $3.21 billion and a PE of 31.84, and pays a quarterly dividend of $0.09 (annualized $0.36) for a 0.8% yield.
• Analyst coverage is limited — Weiss Ratings reaffirmed a "Hold (c+)" and the consensus is "Hold" — while several institutions (Northwestern Mutual, Millennium, Invesco, Goldman Sachs) recently increased stakes, with about 14.28% of shares held by institutions.

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $42.38 and traded as high as $43.26. Tootsie Roll Industries shares last traded at $42.6630, with a volume of 105,240 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Tootsie Roll Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tootsie Roll Industries has an average rating of "Hold".

Tootsie Roll Industries Stock Up 1.9%

The stock has a market capitalization of $3.21 billion, a PE ratio of 31.84 and a beta of 0.48. The stock has a fifty day moving average of $42.38 and a 200-day moving average of $39.82.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.39 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 11.02% and a net margin of 13.81%.The company had revenue of $196.28 million for the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 5th were paid a $0.09 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Tootsie Roll Industries's dividend payout ratio (DPR) is currently 26.87%.

Institutional Trading of Tootsie Roll Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of TR. Northwestern Mutual Wealth Management Co. raised its stake in Tootsie Roll Industries by 1,369,340.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 301,277 shares of the company's stock valued at $11,036,000 after buying an additional 301,255 shares in the last quarter. Millennium Management LLC increased its position in shares of Tootsie Roll Industries by 121.9% during the third quarter. Millennium Management LLC now owns 328,323 shares of the company's stock worth $13,763,000 after purchasing an additional 180,351 shares in the last quarter. Invesco Ltd. increased its position in shares of Tootsie Roll Industries by 98.1% during the third quarter. Invesco Ltd. now owns 316,816 shares of the company's stock worth $13,281,000 after purchasing an additional 156,929 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Tootsie Roll Industries during the fourth quarter worth about $3,077,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Tootsie Roll Industries by 29.1% during the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock worth $6,769,000 after purchasing an additional 48,484 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.

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