Oregon Public Employees Retirement Fund increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR – Get Rating) by 80.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,686 shares of the company’s stock after acquiring an additional 2,986 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Tootsie Roll Industries were worth $234,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in TR. Allspring Global Investments Holdings LLC bought a new position in Tootsie Roll Industries in the fourth quarter valued at approximately $35,824,000. Principal Financial Group Inc. boosted its position in shares of Tootsie Roll Industries by 95.1% in the 4th quarter. Principal Financial Group Inc. now owns 115,149 shares of the company’s stock worth $4,172,000 after purchasing an additional 56,126 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Tootsie Roll Industries in the 4th quarter worth $1,277,000. Alberta Investment Management Corp acquired a new stake in shares of Tootsie Roll Industries during the fourth quarter worth $1,007,000. Finally, Summit Global Investments bought a new stake in Tootsie Roll Industries in the fourth quarter valued at about $982,000. Institutional investors and hedge funds own 17.29% of the company’s stock.
Tootsie Roll Industries Stock Performance
Shares of NYSE TR opened at $35.31 on Monday. Tootsie Roll Industries, Inc. has a 52-week low of $29.88 and a 52-week high of $39.20. The stock has a market cap of $2.44 billion, a P/E ratio of 36.92 and a beta of -0.04. The firm has a 50 day moving average price of $33.54 and a 200 day moving average price of $34.25.
Tootsie Roll Industries (NYSE:TR – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.17 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 11.03% and a return on equity of 8.74%. The company had revenue of $139.29 million for the quarter.
Tootsie Roll Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Tuesday, June 21st were issued a $0.09 dividend. The ex-dividend date was Friday, June 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 37.64%.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Tootsie Roll Industries in a report on Thursday, March 31st. They set a “hold” rating on the stock.
About Tootsie Roll Industries
Tootsie Roll Industries, Inc, together with its subsidiaries, engages in 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.
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