Geode Capital Management LLC Has $7.59 Million Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Geode Capital Management LLC increased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,873 shares of the company’s stock after acquiring an additional 5,828 shares during the period. Geode Capital Management LLC’s holdings in Tootsie Roll Industries were worth $7,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TR. Quest Partners LLC boosted its position in Tootsie Roll Industries by 3.7% during the 3rd quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock worth $397,000 after acquiring an additional 452 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Tootsie Roll Industries by 1.5% in the third quarter. HighTower Advisors LLC now owns 44,838 shares of the company’s stock worth $1,388,000 after purchasing an additional 668 shares in the last quarter. nVerses Capital LLC acquired a new position in Tootsie Roll Industries during the third quarter worth $43,000. Susquehanna Fundamental Investments LLC grew its position in Tootsie Roll Industries by 19.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 11,618 shares of the company’s stock valued at $355,000 after purchasing an additional 1,861 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Tootsie Roll Industries by 5.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 38,942 shares of the company’s stock valued at $1,190,000 after buying an additional 2,017 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $32.61 on Friday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 24.94 and a beta of 0.21. The firm has a 50-day moving average of $31.94 and a 200-day moving average of $30.73. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 EPS for the quarter. The firm had revenue of $223.89 million during the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. Tootsie Roll Industries’s payout ratio is 27.48%.

Tootsie Roll Industries Profile

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.