Tootsie Roll Industries, Inc. (NYSE:TR) Shares Purchased by HFR Wealth Management LLC

HFR Wealth Management LLC increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,313 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Tootsie Roll Industries accounts for approximately 2.2% of HFR Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. HFR Wealth Management LLC owned 0.39% of Tootsie Roll Industries worth $9,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bfsg LLC purchased a new position in Tootsie Roll Industries during the fourth quarter valued at approximately $5,543,000. Jane Street Group LLC purchased a new position in Tootsie Roll Industries during the third quarter valued at approximately $4,007,000. Allspring Global Investments Holdings LLC raised its position in Tootsie Roll Industries by 3.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company’s stock valued at $37,179,000 after acquiring an additional 41,326 shares in the last quarter. Verition Fund Management LLC raised its position in Tootsie Roll Industries by 315.6% during the third quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock valued at $1,679,000 after acquiring an additional 41,165 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Tootsie Roll Industries by 278.4% during the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company’s stock valued at $823,000 after acquiring an additional 19,547 shares in the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 2.5 %

Shares of TR stock opened at $31.77 on Tuesday. The stock has a 50 day moving average of $31.35 and a 200 day moving average of $31.17. The stock has a market cap of $2.27 billion, a P/E ratio of 26.04 and a beta of 0.21. Tootsie Roll Industries, Inc. has a twelve month low of $27.58 and a twelve month high of $34.00.

Tootsie Roll Industries Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be given a $3.00 dividend. The ex-dividend date is Wednesday, March 5th. This is a boost from Tootsie Roll Industries’s previous — dividend of $0.09. This represents a dividend yield of 1.1%. Tootsie Roll Industries’s payout ratio is 29.51%.

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.