Tootsie Roll Industries, Inc. (NYSE:TR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Tootsie Roll Industries, Inc. (NYSE:TRFree Report) by 9.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,781 shares of the company’s stock after selling 970 shares during the period. Yousif Capital Management LLC’s holdings in Tootsie Roll Industries were worth $292,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Tootsie Roll Industries by 16.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 753,633 shares of the company’s stock valued at $22,503,000 after acquiring an additional 107,793 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Tootsie Roll Industries in the second quarter valued at approximately $330,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Tootsie Roll Industries by 5.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,328 shares of the company’s stock valued at $720,000 after purchasing an additional 992 shares during the period. ExodusPoint Capital Management LP purchased a new stake in Tootsie Roll Industries in the second quarter valued at approximately $459,000. Finally, SG Americas Securities LLC raised its position in Tootsie Roll Industries by 2.8% in the third quarter. SG Americas Securities LLC now owns 19,843 shares of the company’s stock valued at $593,000 after purchasing an additional 532 shares during the period. 16.10% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Down 1.6 %

Shares of NYSE TR opened at $32.59 on Thursday. Tootsie Roll Industries, Inc. has a 52-week low of $29.07 and a 52-week high of $46.11. The business’s 50 day moving average is $33.74 and its two-hundred day moving average is $32.51. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 26.09 and a beta of 0.17.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Wednesday, December 20th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 19th. Tootsie Roll Industries’s dividend payout ratio is currently 28.82%.

Wall Street Analyst Weigh In

TR has been the topic of a number of research analyst reports. StockNews.com initiated coverage on Tootsie Roll Industries in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet raised Tootsie Roll Industries from a “c+” rating to a “b-” rating in a research report on Thursday, December 7th.

Read Our Latest Report on Tootsie Roll Industries

Tootsie Roll Industries Profile

(Free Report)

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 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.

Further Reading

Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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