Tootsie Roll Industries, Inc. $TR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,404 shares of the company’s stock after selling 30,603 shares during the quarter. ProShare Advisors LLC’s holdings in Tootsie Roll Industries were worth $6,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. NBT Bank N A NY purchased a new stake in Tootsie Roll Industries in the third quarter valued at $39,000. CWM LLC increased its position in shares of Tootsie Roll Industries by 42.0% during the third quarter. CWM LLC now owns 1,394 shares of the company’s stock worth $58,000 after purchasing an additional 412 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Tootsie Roll Industries in the 2nd quarter valued at about $60,000. State of Wyoming acquired a new stake in shares of Tootsie Roll Industries in the 2nd quarter valued at about $111,000. Finally, Strs Ohio purchased a new position in Tootsie Roll Industries during the 3rd quarter worth approximately $143,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Up 2.8%

NYSE TR opened at $41.14 on Friday. Tootsie Roll Industries, Inc. has a 52-week low of $29.13 and a 52-week high of $44.27. The business’s 50-day moving average price is $37.64 and its 200 day moving average price is $39.03. The firm has a market cap of $3.00 billion, a P/E ratio of 31.87 and a beta of 0.53.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 24th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, December 24th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 27.91%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.