Tootsie Roll Industries (NYSE:TR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Tootsie Roll Industries, Inc. (NYSE:TR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.90 and traded as high as $40.14. Tootsie Roll Industries shares last traded at $40.1040, with a volume of 204,888 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a report on Monday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Tootsie Roll Industries Trading Up 0.2%

The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 30.56 and a beta of 0.39. The stock’s 50 day moving average is $39.54 and its 200 day moving average is $39.92.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Friday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%. The company had revenue of $151.54 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, June 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 26.87%.

Institutional Investors Weigh In On Tootsie Roll Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in shares of Tootsie Roll Industries by 645.2% in the fourth quarter. SG Americas Securities LLC now owns 42,462 shares of the company’s stock worth $1,555,000 after acquiring an additional 36,764 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Tootsie Roll Industries during the fourth quarter valued at $935,000. JPMorgan Chase & Co. boosted its stake in shares of Tootsie Roll Industries by 130.4% during the third quarter. JPMorgan Chase & Co. now owns 60,864 shares of the company’s stock valued at $2,551,000 after acquiring an additional 34,450 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Tootsie Roll Industries during the 4th quarter worth about $3,077,000. Finally, Vanguard Group Inc. increased its position in Tootsie Roll Industries by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock worth $79,281,000 after purchasing an additional 37,493 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

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.