US Bancorp DE Acquires 1,231 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

US Bancorp DE boosted its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,591 shares of the company’s stock after buying an additional 1,231 shares during the period. US Bancorp DE’s holdings in Tootsie Roll Industries were worth $426,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Skylands Capital LLC bought a new stake in Tootsie Roll Industries during the second quarter worth about $63,000. New Mexico Educational Retirement Board lifted its stake in Tootsie Roll Industries by 15.8% during the second quarter. New Mexico Educational Retirement Board now owns 3,660 shares of the company’s stock worth $124,000 after purchasing an additional 500 shares during the last quarter. Pinz Capital Management LP bought a new stake in Tootsie Roll Industries during the first quarter worth about $136,000. BNP Paribas Arbitrage SA lifted its stake in Tootsie Roll Industries by 36.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,055 shares of the company’s stock worth $167,000 after purchasing an additional 1,337 shares during the last quarter. Finally, State of Michigan Retirement System bought a new stake in Tootsie Roll Industries during the first quarter worth about $220,000. 18.98% of the stock is owned by institutional investors.

In related news, major shareholder Leigh R. Weiner sold 285,459 shares of the business’s stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $34.55, for a total transaction of $9,862,608.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. 67.90% of the stock is currently owned by insiders.

Shares of TR stock opened at $30.15 on Wednesday. The firm has a market cap of $2.04 billion, a P/E ratio of 34.16 and a beta of -0.11. The business has a 50-day moving average price of $33.13 and a two-hundred day moving average price of $32.94. Tootsie Roll Industries, Inc. has a 12-month low of $28.99 and a 12-month high of $58.98.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Wednesday, July 21st. The company reported $0.14 EPS for the quarter. The firm had revenue of $114.56 million for the quarter. Tootsie Roll Industries had a return on equity of 7.93% and a net margin of 12.01%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc engages in the manufacture and sale of confectionery products. Its brands include tootsie roll, tootsie pop, charms blow pop, andes mints, sugar daddy, charleston chew, dubble bubble, razzles, caramel apple pop, junior mints, cella’s chocolate-covered cherries, and nik-L-nip.

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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