UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,575 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,433 shares of the company’s stock after selling 3,575 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tootsie Roll Industries were worth $819,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC lifted its position in shares of Tootsie Roll Industries by 3.7% in the third quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock valued at $397,000 after buying an additional 452 shares during the last quarter. nVerses Capital LLC bought a new position in Tootsie Roll Industries during the third quarter worth $43,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of Tootsie Roll Industries by 19.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 11,618 shares of the company’s stock valued at $355,000 after purchasing an additional 1,861 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Tootsie Roll Industries by 5.5% in the second quarter. Public Sector Pension Investment Board now owns 38,942 shares of the company’s stock valued at $1,190,000 after purchasing an additional 2,017 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Tootsie Roll Industries by 70.9% during the 3rd quarter. US Bancorp DE now owns 4,927 shares of the company’s stock worth $153,000 after buying an additional 2,044 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Performance

Shares of TR opened at $31.72 on Friday. The firm’s 50-day simple moving average is $31.51 and its 200 day simple moving average is $30.51. The firm has a market cap of $2.27 billion, a P/E ratio of 24.26 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 52 week low of $27.58 and a 52 week high of $35.84.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%. The business had revenue of $223.89 million during the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.48%.

Tootsie Roll Industries 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.