Public Sector Pension Investment Board Raises Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Public Sector Pension Investment Board lifted its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 5.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,942 shares of the company’s stock after purchasing an additional 2,017 shares during the period. Public Sector Pension Investment Board owned 0.05% of Tootsie Roll Industries worth $1,190,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TR. Allspring Global Investments Holdings LLC raised its stake in shares of Tootsie Roll Industries by 19.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,002,425 shares of the company’s stock worth $32,108,000 after buying an additional 160,197 shares during the period. Dimensional Fund Advisors LP raised its stake in Tootsie Roll Industries by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock worth $29,062,000 after acquiring an additional 31,587 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in Tootsie Roll Industries during the first quarter valued at approximately $801,000. Vanguard Group Inc. boosted its position in shares of Tootsie Roll Industries by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock worth $59,760,000 after purchasing an additional 24,408 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Tootsie Roll Industries in the first quarter worth $753,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Trading Down 2.9 %

Shares of TR opened at $30.08 on Wednesday. Tootsie Roll Industries, Inc. has a 12-month low of $27.58 and a 12-month high of $35.84. The company has a market capitalization of $2.15 billion, a PE ratio of 23.01 and a beta of 0.16. The business’s 50 day moving average is $30.31 and its 200 day moving average is $30.20.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $148.82 million during 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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.20%. Tootsie Roll Industries’s dividend payout ratio is currently 27.54%.

Analyst Upgrades and Downgrades

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

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.