Bank of New York Mellon Corp Trims Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Bank of New York Mellon Corp trimmed its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,207 shares of the company’s stock after selling 20,998 shares during the period. Bank of New York Mellon Corp’s holdings in Tootsie Roll Industries were worth $4,533,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Tootsie Roll Industries in the 4th quarter worth $5,543,000. Principal Financial Group Inc. increased its position in Tootsie Roll Industries by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 78,909 shares of the company’s stock worth $2,551,000 after buying an additional 2,342 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Tootsie Roll Industries by 3.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock worth $37,179,000 after buying an additional 41,326 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Tootsie Roll Industries during the 4th quarter valued at about $27,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Tootsie Roll Industries during the 4th quarter valued at approximately $323,000. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Trading Down 0.4 %

NYSE TR opened at $31.61 on Tuesday. Tootsie Roll Industries, Inc. has a 12 month low of $26.78 and a 12 month high of $33.22. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 25.91 and a beta of 0.19. The company’s 50 day moving average is $31.27 and its two-hundred day moving average is $31.39.

Tootsie Roll Industries Increases Dividend

The company also recently announced a — dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be paid a dividend of $3.00 per share. This is a boost from Tootsie Roll Industries’s previous — dividend of $0.09. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1.1%. Tootsie Roll Industries’s payout ratio is 30.51%.

Tootsie Roll Industries Company Profile

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.