UBS Group AG Cuts Position in Tootsie Roll Industries, Inc. $TR

UBS Group AG lessened its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,224 shares of the company’s stock after selling 17,704 shares during the quarter. UBS Group AG’s holdings in Tootsie Roll Industries were worth $7,114,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NBT Bank N A NY purchased a new position in Tootsie Roll Industries during the 3rd quarter valued at about $39,000. CWM LLC increased its holdings in Tootsie Roll Industries by 42.0% during the 3rd quarter. CWM LLC now owns 1,394 shares of the company’s stock valued at $58,000 after acquiring an additional 412 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in Tootsie Roll Industries during the 3rd quarter valued at about $136,000. State of Wyoming purchased a new position in Tootsie Roll Industries during the 2nd quarter valued at about $111,000. Finally, Strs Ohio purchased a new position in Tootsie Roll Industries during the 3rd quarter valued at about $143,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 2.4%

NYSE:TR opened at $41.49 on Tuesday. The firm has a 50-day moving average price of $42.24 and a two-hundred day moving average price of $39.81. Tootsie Roll Industries, Inc. has a twelve month low of $32.63 and a twelve month high of $45.06. The company has a market capitalization of $3.12 billion, a P/E ratio of 31.03 and a beta of 0.45.

Tootsie Roll Industries (NYSE:TR) last released its quarterly 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 for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 26.87%.

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.