HFR Wealth Management LLC Raises Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

HFR Wealth Management LLC boosted its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 281,313 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Tootsie Roll Industries accounts for 2.2% of HFR Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. HFR Wealth Management LLC’s holdings in Tootsie Roll Industries were worth $9,095,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TR. Bfsg LLC acquired a new position in Tootsie Roll Industries during the fourth quarter worth $5,543,000. Jane Street Group LLC acquired a new position in Tootsie Roll Industries during the third quarter worth $4,007,000. Allspring Global Investments Holdings LLC boosted its stake in Tootsie Roll Industries by 3.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock worth $37,179,000 after buying an additional 41,326 shares during the last quarter. Verition Fund Management LLC boosted its stake in Tootsie Roll Industries by 315.6% during the third quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock worth $1,679,000 after buying an additional 41,165 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Tootsie Roll Industries by 278.4% during the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company’s stock worth $823,000 after buying an additional 19,547 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Performance

NYSE TR opened at $31.77 on Tuesday. The stock’s fifty day moving average is $31.35 and its two-hundred day moving average is $31.17. The firm has a market capitalization of $2.27 billion, a P/E ratio of 26.04 and a beta of 0.21. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $34.00.

Tootsie Roll Industries Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $3.00 per share. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1.1%. This is a positive change from Tootsie Roll Industries’s previous — dividend of $0.09. Tootsie Roll Industries’s payout ratio is 29.51%.

About Tootsie Roll Industries

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.