US Bancorp DE Acquires 2,044 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

US Bancorp DE increased its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 70.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,927 shares of the company’s stock after acquiring an additional 2,044 shares during the quarter. US Bancorp DE’s holdings in Tootsie Roll Industries were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Semanteon Capital Management LP grew its holdings in shares of Tootsie Roll Industries by 22.5% during the third quarter. Semanteon Capital Management LP now owns 20,405 shares of the company’s stock valued at $632,000 after buying an additional 3,752 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Tootsie Roll Industries by 1,100.4% during the 3rd quarter. International Assets Investment Management LLC now owns 5,942 shares of the company’s stock valued at $192,000 after purchasing an additional 5,447 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in shares of Tootsie Roll Industries by 57.1% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 31,521 shares of the company’s stock worth $976,000 after purchasing an additional 11,451 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Tootsie Roll Industries by 11.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock worth $34,029,000 after purchasing an additional 115,839 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Tootsie Roll Industries during the third quarter valued at $43,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Performance

NYSE TR opened at $31.88 on Friday. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84. The stock has a 50-day moving average of $30.83 and a 200 day moving average of $30.03. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 24.37 and a beta of 0.18.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%. The business had revenue of $223.89 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.13%. Tootsie Roll Industries’s dividend payout ratio is currently 27.53%.

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.