Tootsie Roll Industries (NYSE:TR) Sees Unusually-High Trading Volume

Shares of Tootsie Roll Industries, Inc. (NYSE:TR) saw unusually-strong trading volume on Wednesday . Approximately 296,657 shares were traded during mid-day trading, an increase of 182% from the previous session’s volume of 105,225 shares.The stock last traded at $29.89 and had previously closed at $30.01.

Analyst Ratings Changes

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

Tootsie Roll Industries Stock Performance

The company has a fifty day simple moving average of $29.67 and a two-hundred day simple moving average of $31.06. The firm has a market capitalization of $2.17 billion, a PE ratio of 23.25 and a beta of 0.17.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.22 earnings per share 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 during the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Thursday, June 20th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. Tootsie Roll Industries’s payout ratio is presently 27.54%.

Institutional Trading of Tootsie Roll Industries

Several hedge funds and other institutional investors have recently bought and sold shares of TR. Burns J W & Co. Inc. NY boosted its holdings in shares of Tootsie Roll Industries by 3.1% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 11,457 shares of the company’s stock valued at $350,000 after buying an additional 346 shares in the last quarter. Reik & CO. LLC boosted its stake in Tootsie Roll Industries by 3.0% in the first quarter. Reik & CO. LLC now owns 15,068 shares of the company’s stock valued at $483,000 after acquiring an additional 439 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Tootsie Roll Industries by 3.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 15,423 shares of the company’s stock worth $494,000 after purchasing an additional 448 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Tootsie Roll Industries by 3.4% during the first quarter. California State Teachers Retirement System now owns 14,880 shares of the company’s stock worth $477,000 after purchasing an additional 494 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Tootsie Roll Industries by 5.0% during the 1st quarter. State of Alaska Department of Revenue now owns 11,156 shares of the company’s stock valued at $357,000 after purchasing an additional 529 shares during the last quarter. Institutional investors own 14.28% of the company’s stock.

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.