SG Americas Securities LLC Lowers Stock Position in Tootsie Roll Industries, Inc. $TR

SG Americas Securities LLC trimmed its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 48.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,795 shares of the company’s stock after selling 20,667 shares during the quarter. SG Americas Securities LLC’s holdings in Tootsie Roll Industries were worth $931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Tootsie Roll Industries by 9.7% during the 3rd quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock worth $173,000 after purchasing an additional 364 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Tootsie Roll Industries by 5.5% in the fourth quarter. Corient Private Wealth LLC now owns 7,196 shares of the company’s stock valued at $264,000 after buying an additional 377 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Tootsie Roll Industries by 1.6% in the fourth quarter. AQR Capital Management LLC now owns 26,626 shares of the company’s stock valued at $975,000 after buying an additional 415 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Tootsie Roll Industries by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,513 shares of the company’s stock worth $275,000 after buying an additional 449 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Tootsie Roll Industries by 4.8% during the fourth quarter. Deutsche Bank AG now owns 14,380 shares of the company’s stock worth $527,000 after buying an additional 661 shares during the period. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Performance

Shares of TR opened at $40.86 on Monday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 30.56 and a beta of 0.39. Tootsie Roll Industries, Inc. has a 1 year low of $33.67 and a 1 year high of $45.06. The company’s fifty day moving average is $39.52 and its two-hundred day moving average is $39.94.

Tootsie Roll Industries (NYSE:TR) last released its earnings results on Friday, May 8th. The company reported $0.24 EPS for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%. The company had revenue of $151.54 million during the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, June 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 26.87%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tootsie Roll Industries has a consensus rating of “Hold”.

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.