New York State Teachers Retirement System Sells 400 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

New York State Teachers Retirement System trimmed its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,463 shares of the company’s stock after selling 400 shares during the period. New York State Teachers Retirement System’s holdings in Tootsie Roll Industries were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Tootsie Roll Industries by 3.1% in the first quarter. BlackRock Inc. now owns 3,116,923 shares of the company’s stock worth $108,967,000 after purchasing an additional 94,964 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tootsie Roll Industries by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,842,055 shares of the company’s stock worth $61,303,000 after purchasing an additional 7,945 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Tootsie Roll Industries by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 885,596 shares of the company’s stock worth $39,771,000 after purchasing an additional 67,258 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Tootsie Roll Industries by 16.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 753,633 shares of the company’s stock valued at $22,503,000 after acquiring an additional 107,793 shares during the period. Finally, State Street Corp boosted its holdings in Tootsie Roll Industries by 5.0% in the first quarter. State Street Corp now owns 635,886 shares of the company’s stock valued at $28,558,000 after acquiring an additional 30,109 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 1.0 %

Tootsie Roll Industries stock opened at $30.13 on Friday. The business’s 50-day simple moving average is $31.83 and its 200 day simple moving average is $32.29. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 23.69 and a beta of 0.15. Tootsie Roll Industries, Inc. has a 12-month low of $29.07 and a 12-month high of $45.27.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $195.37 million for the quarter. Tootsie Roll Industries had a return on equity of 11.48% and a net margin of 12.04%.

Tootsie Roll Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 6th were issued a $0.09 dividend. This is a boost from Tootsie Roll Industries’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, March 5th. This represents a $0.36 annualized dividend and a yield of 1.19%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 28.31%.

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.