Balyasny Asset Management L.P. Buys Shares of 6,697 Tootsie Roll Industries, Inc. (NYSE:TR)

Balyasny Asset Management L.P. purchased a new position in Tootsie Roll Industries, Inc. (NYSE:TR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,697 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Tootsie Roll Industries by 278.4% in the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company’s stock worth $823,000 after acquiring an additional 19,547 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tootsie Roll Industries by 177.6% in the fourth quarter. SG Americas Securities LLC now owns 20,904 shares of the company’s stock worth $676,000 after purchasing an additional 13,375 shares during the period. Principal Financial Group Inc. raised its position in shares of Tootsie Roll Industries by 3.1% in the fourth 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 in the last quarter. Bfsg LLC purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter worth $5,543,000. Finally, Westhampton Capital LLC bought a new stake in Tootsie Roll Industries during the fourth quarter valued at $504,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Trading Up 1.0%

Shares of NYSE TR opened at $32.80 on Monday. The business has a 50-day moving average of $31.68 and a 200-day moving average of $31.70. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 26.89 and a beta of 0.39. Tootsie Roll Industries, Inc. has a 12 month low of $26.78 and a 12 month high of $34.63.

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

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were given 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 1.10%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 29.51%.

Analyst Ratings Changes

Separately, StockNews.com lowered Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Friday.

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.