HighTower Advisors LLC Grows Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

HighTower Advisors LLC increased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,215 shares of the company’s stock after acquiring an additional 377 shares during the period. HighTower Advisors LLC’s holdings in Tootsie Roll Industries were worth $1,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Tootsie Roll Industries by 3.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock valued at $37,179,000 after purchasing an additional 41,326 shares in the last quarter. HFR Wealth Management LLC increased its holdings in Tootsie Roll Industries by 0.6% in the fourth quarter. HFR Wealth Management LLC now owns 281,313 shares of the company’s stock valued at $9,095,000 after buying an additional 1,617 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tootsie Roll Industries by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 244,873 shares of the company’s stock valued at $7,586,000 after acquiring an additional 5,828 shares during the period. Bfsg LLC purchased a new stake in shares of Tootsie Roll Industries during the 4th quarter worth approximately $5,543,000. Finally, Jane Street Group LLC acquired a new stake in Tootsie Roll Industries in the third quarter valued at $4,007,000. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Down 0.6 %

NYSE TR opened at $31.10 on Tuesday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 25.49 and a beta of 0.19. Tootsie Roll Industries, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $33.22. The business has a fifty day moving average of $31.30 and a 200-day moving average of $31.43.

Tootsie Roll Industries Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given a $3.00 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1.1%. This is an increase from Tootsie Roll Industries’s previous — dividend of $0.09. Tootsie Roll Industries’s payout ratio is currently 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.