Thurston Springer Miller Herd & Titak Inc. Acquires Shares of 1,084 Tootsie Roll Industries, Inc. (NYSE:TR)

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Tootsie Roll Industries, Inc. (NYSE:TR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,084 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TR. Fifth Third Bancorp increased its stake in Tootsie Roll Industries by 7,398.6% in the 4th quarter. Fifth Third Bancorp now owns 5,549 shares of the company’s stock valued at $184,000 after buying an additional 5,475 shares during the last quarter. International Assets Investment Management LLC increased its stake in Tootsie Roll Industries by 3,222.3% in the 4th quarter. International Assets Investment Management LLC now owns 15,482 shares of the company’s stock valued at $515,000 after buying an additional 15,016 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Tootsie Roll Industries by 11.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 842,228 shares of the company’s stock worth $27,996,000 after purchasing an additional 88,595 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Tootsie Roll Industries during the 4th quarter worth approximately $286,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tootsie Roll Industries by 107.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,138 shares of the company’s stock worth $138,000 after purchasing an additional 2,141 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Analyst Ratings Changes

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

Tootsie Roll Industries Trading Down 0.6 %

Shares of TR stock traded down $0.18 during trading hours on Tuesday, hitting $29.14. 90,875 shares of the company were exchanged, compared to its average volume of 118,424. The firm has a fifty day simple moving average of $29.68 and a 200 day simple moving average of $30.83. Tootsie Roll Industries, Inc. has a 52-week low of $28.13 and a 52-week high of $35.84. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 22.38 and a beta of 0.17.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Thursday, June 20th were paid a $0.09 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. Tootsie Roll Industries’s dividend payout ratio is 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.