AQR Capital Management LLC Invests $205,000 in Tootsie Roll Industries, Inc. (NYSE:TR)

AQR Capital Management LLC purchased a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,709 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Tootsie Roll Industries during the 2nd quarter worth about $33,000. Commonwealth Equity Services LLC acquired a new position in Tootsie Roll Industries in the second quarter worth approximately $247,000. Hamel Associates Inc. bought a new position in Tootsie Roll Industries during the second quarter valued at approximately $260,000. Susquehanna Fundamental Investments LLC acquired a new stake in Tootsie Roll Industries in the first quarter valued at approximately $313,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Tootsie Roll Industries in the first quarter worth approximately $345,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Sunday, June 30th.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $30.35 on Friday. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $35.84. The firm has a fifty day moving average price of $30.31 and a two-hundred day moving average price of $30.03. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 22.93 and a beta of 0.17.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $148.82 million for the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%.

Tootsie Roll Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.20%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.