Tootsie Roll Industries, Inc. (NYSE:TR) Shares Acquired by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. boosted its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,299 shares of the company’s stock after purchasing an additional 3,778 shares during the period. Brown Lisle Cummings Inc.’s holdings in Tootsie Roll Industries were worth $1,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Tootsie Roll Industries in the 3rd quarter worth approximately $43,000. GAMMA Investing LLC grew its position in Tootsie Roll Industries by 133.5% in the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock worth $58,000 after buying an additional 1,033 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Tootsie Roll Industries in the third quarter worth approximately $96,000. US Bancorp DE increased its holdings in shares of Tootsie Roll Industries by 70.9% in the third quarter. US Bancorp DE now owns 4,927 shares of the company’s stock valued at $153,000 after buying an additional 2,044 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Tootsie Roll Industries during the 4th quarter valued at $176,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Stock Up 1.1 %

Shares of NYSE TR opened at $31.39 on Tuesday. The stock’s fifty day simple moving average is $31.92 and its 200 day simple moving average is $30.97. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 24.01 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 52-week low of $27.58 and a 52-week high of $34.00.

Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid a $0.09 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. Tootsie Roll Industries’s dividend payout ratio is currently 27.53%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.