Tootsie Roll Industries (NYSE:TR) Sets New 1-Year High at $44.66

Shares of Tootsie Roll Industries, Inc. (NYSE:TRGet Rating) hit a new 52-week high on Tuesday . The company traded as high as $44.66 and last traded at $44.47, with a volume of 336 shares trading hands. The stock had previously closed at $44.15.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Tootsie Roll Industries in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Tootsie Roll Industries Stock Down 2.5 %

The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 42.39 and a beta of 0.10. The business’s fifty day moving average is $37.94 and its two-hundred day moving average is $35.61.

Tootsie Roll Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, October 7th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 35.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Tootsie Roll Industries by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 52,520 shares of the company’s stock worth $1,857,000 after acquiring an additional 298 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of Tootsie Roll Industries by 3.0% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 11,293 shares of the company’s stock worth $399,000 after buying an additional 325 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Tootsie Roll Industries by 3.0% during the 1st quarter. Panagora Asset Management Inc. now owns 11,369 shares of the company’s stock worth $397,000 after buying an additional 331 shares during the last quarter. Gruss & Co. LLC lifted its position in shares of Tootsie Roll Industries by 3.0% during the 2nd quarter. Gruss & Co. LLC now owns 12,180 shares of the company’s stock worth $431,000 after buying an additional 354 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Tootsie Roll Industries by 86.2% during the 2nd quarter. Captrust Financial Advisors now owns 797 shares of the company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Institutional investors and hedge funds own 17.13% of the company’s stock.

About Tootsie Roll Industries

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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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