Byrne Asset Management LLC Acquires New Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Byrne Asset Management LLC bought a new position in Tootsie Roll Industries, Inc. (NYSE:TR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 840 shares of the company’s stock, valued at approximately $27,000.

Several other large investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Tootsie Roll Industries in the third quarter worth $4,007,000. Allspring Global Investments Holdings LLC increased its stake in Tootsie Roll Industries by 11.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock worth $34,029,000 after acquiring an additional 115,839 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Tootsie Roll Industries by 315.6% in the 3rd 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. JPMorgan Chase & Co. boosted its position in shares of Tootsie Roll Industries by 278.4% during the 3rd 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 during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Tootsie Roll Industries during the third quarter worth about $523,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Price Performance

Shares of TR opened at $30.58 on Friday. Tootsie Roll Industries, Inc. has a 1-year low of $27.58 and a 1-year high of $34.00. The company has a market capitalization of $2.18 billion, a P/E ratio of 23.38 and a beta of 0.21. The firm’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $30.98.

Tootsie Roll Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, December 18th. Tootsie Roll Industries’s dividend payout ratio is currently 27.53%.

Tootsie Roll Industries Company 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.