Wipfli Financial Advisors LLC Makes New Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

Wipfli Financial Advisors LLC purchased a new position in Tootsie Roll Industries, Inc. (NYSE:TRGet Rating) during the third quarter, HoldingsChannel.com reports. The fund purchased 841 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors have also added to or reduced their stakes in TR. Invesco Ltd. lifted its position in shares of Tootsie Roll Industries by 232.9% in the 1st quarter. Invesco Ltd. now owns 209,697 shares of the company’s stock worth $7,331,000 after purchasing an additional 146,701 shares during the period. Vanguard Group Inc. lifted its position in shares of Tootsie Roll Industries by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 1,794,021 shares of the company’s stock worth $62,718,000 after purchasing an additional 99,792 shares during the period. BlackRock Inc. lifted its position in shares of Tootsie Roll Industries by 3.1% in the 1st quarter. BlackRock Inc. now owns 3,116,923 shares of the company’s stock worth $108,967,000 after purchasing an additional 94,964 shares during the period. Renaissance Technologies LLC lifted its position in shares of Tootsie Roll Industries by 15.0% in the 2nd quarter. Renaissance Technologies LLC now owns 447,676 shares of the company’s stock worth $15,825,000 after purchasing an additional 58,300 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Tootsie Roll Industries by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,760 shares of the company’s stock worth $3,033,000 after purchasing an additional 40,738 shares during the period. Institutional investors own 17.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tootsie Roll Industries Price Performance

Shares of NYSE TR opened at $43.22 on Friday. Tootsie Roll Industries, Inc. has a 1 year low of $31.05 and a 1 year high of $46.70. The stock has a market cap of $2.98 billion, a P/E ratio of 42.32 and a beta of 0.14. The firm has a 50-day moving average of $44.04 and a 200 day moving average of $38.81.

Tootsie Roll Industries (NYSE:TRGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.39 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 10.71% and a return on equity of 9.14%. The company had revenue of $211.19 million during the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Wednesday, December 21st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.83%. Tootsie Roll Industries’s dividend payout ratio is currently 35.25%.

Tootsie Roll Industries Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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