Allspring Global Investments Holdings LLC Sells 472,999 Shares of Tootsie Roll Industries, Inc. $TR

Allspring Global Investments Holdings LLC lowered its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 49.1% in the fourth quarter, Holdings Channel reports. The firm owned 491,150 shares of the company’s stock after selling 472,999 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tootsie Roll Industries were worth $17,392,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. NBT Bank N A NY acquired a new position in shares of Tootsie Roll Industries in the 3rd quarter valued at $39,000. CWM LLC grew its stake in Tootsie Roll Industries by 42.0% in the third quarter. CWM LLC now owns 1,394 shares of the company’s stock valued at $58,000 after acquiring an additional 412 shares during the period. State of Wyoming bought a new stake in shares of Tootsie Roll Industries in the second quarter worth about $111,000. iSAM Funds UK Ltd acquired a new stake in shares of Tootsie Roll Industries during the third quarter worth about $136,000. Finally, Strs Ohio bought a new position in shares of Tootsie Roll Industries during the 3rd quarter valued at about $143,000. Institutional investors own 14.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Tootsie Roll Industries Price Performance

TR opened at $43.66 on Friday. The business’s 50-day moving average price is $41.13 and its two-hundred day moving average price is $39.64. Tootsie Roll Industries, Inc. has a 1 year low of $29.13 and a 1 year high of $44.27. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 32.58 and a beta of 0.48.

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

Tootsie Roll Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Thursday, March 5th were issued a $0.09 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 26.87%.

About Tootsie Roll Industries

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.