Principal Financial Group Inc. Decreases Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Principal Financial Group Inc. lessened its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,337 shares of the company’s stock after selling 1,674 shares during the quarter. Principal Financial Group Inc.’s holdings in Tootsie Roll Industries were worth $2,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TR. Headinvest LLC acquired a new position in shares of Tootsie Roll Industries in the 3rd quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Tootsie Roll Industries by 45,333.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,363 shares of the company’s stock valued at $45,000 after acquiring an additional 1,360 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in Tootsie Roll Industries in the fourth quarter valued at $55,000. Tower Research Capital LLC TRC lifted its holdings in shares of Tootsie Roll Industries by 189.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,806 shares of the company’s stock valued at $93,000 after buying an additional 1,838 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tootsie Roll Industries by 107.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,138 shares of the company’s stock worth $138,000 after buying an additional 2,141 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

NYSE TR traded down $0.05 on Friday, hitting $29.57. The company had a trading volume of 23,903 shares, compared to its average volume of 100,116. The company’s fifty day moving average price is $29.61 and its 200-day moving average price is $31.44. The company has a market capitalization of $2.11 billion, a PE ratio of 22.66 and a beta of 0.17. Tootsie Roll Industries, Inc. has a 12-month low of $28.13 and a 12-month high of $35.84.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.22 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 11.63% and a net margin of 12.51%. The firm had revenue of $151.46 million for the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, June 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.36 annualized dividend and a yield of 1.22%. Tootsie Roll Industries’s payout ratio is 27.54%.

Analyst Ratings Changes

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

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.