Public Sector Pension Investment Board Acquires 19,699 Shares of Tootsie Roll Industries, Inc. $TR

Public Sector Pension Investment Board boosted its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 34.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,663 shares of the company’s stock after buying an additional 19,699 shares during the period. Public Sector Pension Investment Board’s holdings in Tootsie Roll Industries were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TR. Royal Bank of Canada grew its position in shares of Tootsie Roll Industries by 4.4% in the first quarter. Royal Bank of Canada now owns 67,993 shares of the company’s stock valued at $2,140,000 after purchasing an additional 2,893 shares in the last quarter. AQR Capital Management LLC boosted its stake in Tootsie Roll Industries by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 17,428 shares of the company’s stock worth $549,000 after purchasing an additional 6,299 shares during the period. Goldman Sachs Group Inc. grew its holdings in Tootsie Roll Industries by 29.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company’s stock valued at $6,769,000 after buying an additional 48,484 shares in the last quarter. Yousif Capital Management LLC bought a new stake in shares of Tootsie Roll Industries during the second quarter valued at about $212,000. Finally, AlphaQuest LLC lifted its holdings in shares of Tootsie Roll Industries by 693.1% in the second quarter. AlphaQuest LLC now owns 15,314 shares of the company’s stock worth $512,000 after buying an additional 13,383 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 0.4%

NYSE:TR opened at $41.46 on Friday. Tootsie Roll Industries, Inc. has a twelve month low of $29.13 and a twelve month high of $44.27. The stock has a market cap of $3.03 billion, a P/E ratio of 30.05 and a beta of 0.53. The business’s 50-day moving average price is $38.16 and its two-hundred day moving average price is $39.17.

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, March 5th. This represents a $0.36 annualized dividend and a yield of 0.9%. Tootsie Roll Industries’s payout ratio is presently 26.09%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tootsie Roll Industries has a consensus rating of “Hold”.

About Tootsie Roll Industries

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.