Tootsie Roll Industries, Inc. (NYSE:TR) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 75.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,128 shares of the company’s stock after selling 9,686 shares during the quarter. AlphaQuest LLC’s holdings in Tootsie Roll Industries were worth $101,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TR. Quest Partners LLC raised its stake in shares of Tootsie Roll Industries by 3.7% in the 3rd quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock valued at $397,000 after purchasing an additional 452 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Tootsie Roll Industries by 899.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,913 shares of the company’s stock valued at $214,000 after purchasing an additional 6,221 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Tootsie Roll Industries by 1,398.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,460 shares of the company’s stock valued at $231,000 after purchasing an additional 6,962 shares in the last quarter. Walleye Capital LLC acquired a new stake in Tootsie Roll Industries during the third quarter worth about $471,000. Finally, Verition Fund Management LLC raised its stake in Tootsie Roll Industries by 315.6% during the third quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock worth $1,679,000 after acquiring an additional 41,165 shares during the period. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Down 0.8 %

TR opened at $31.39 on Wednesday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 25.73 and a beta of 0.19. Tootsie Roll Industries, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $33.22. The company’s 50-day moving average price is $31.27 and its 200 day moving average price is $31.40.

Tootsie Roll Industries Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be paid a dividend of $3.00 per share. This is a positive change from Tootsie Roll Industries’s previous — dividend of $0.09. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1.1%. Tootsie Roll Industries’s dividend payout ratio is 30.51%.

About Tootsie Roll Industries

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.