41,347 Shares in Tootsie Roll Industries, Inc. $TR Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new position in Tootsie Roll Industries, Inc. (NYSE:TR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,347 shares of the company’s stock, valued at approximately $1,635,000.

A number of other institutional investors have also added to or reduced their stakes in TR. Vanguard Group Inc. boosted its position in shares of Tootsie Roll Industries by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock worth $79,281,000 after acquiring an additional 37,493 shares during the last quarter. BlackRock Inc. bought a new stake in Tootsie Roll Industries in the 2nd quarter valued at $84,370,000. Dimensional Fund Advisors LP increased its holdings in Tootsie Roll Industries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,152,714 shares of the company’s stock valued at $49,245,000 after acquiring an additional 26,653 shares during the last quarter. State Street Corp lifted its stake in Tootsie Roll Industries by 5.1% in the 4th quarter. State Street Corp now owns 710,367 shares of the company’s stock worth $26,084,000 after purchasing an additional 34,770 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Tootsie Roll Industries by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 584,303 shares of the company’s stock worth $21,406,000 after purchasing an additional 28,796 shares in the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat, Tootsie Roll Industries presently has a consensus rating of “Hold”.

Tootsie Roll Industries Stock Down 0.1%

TR stock opened at $38.73 on Monday. Tootsie Roll Industries, Inc. has a 52 week low of $34.44 and a 52 week high of $45.06. The firm has a market capitalization of $2.91 billion, a P/E ratio of 30.16 and a beta of 0.41. The company has a fifty day simple moving average of $39.67 and a two-hundred day simple moving average of $40.50.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%. The firm had revenue of $154.22 million for the quarter.

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.