Renaissance Technologies LLC Reduces Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Renaissance Technologies LLC reduced its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 513,815 shares of the company’s stock after selling 37,347 shares during the period. Renaissance Technologies LLC’s holdings in Tootsie Roll Industries were worth $16,612,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TR. Invesco Ltd. raised its holdings in Tootsie Roll Industries by 1.0% in the fourth quarter. Invesco Ltd. now owns 156,713 shares of the company’s stock valued at $5,067,000 after acquiring an additional 1,546 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Tootsie Roll Industries in the 4th quarter worth about $1,139,000. Geode Capital Management LLC raised its stake in shares of Tootsie Roll Industries by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 251,414 shares of the company’s stock valued at $8,132,000 after purchasing an additional 6,541 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Tootsie Roll Industries by 11.1% during the fourth quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company’s stock worth $68,196,000 after purchasing an additional 211,129 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Tootsie Roll Industries by 5.4% in the fourth quarter. LPL Financial LLC now owns 7,859 shares of the company’s stock worth $254,000 after purchasing an additional 404 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tootsie Roll Industries from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $31.41 on Tuesday. Tootsie Roll Industries, Inc. has a 12 month low of $26.78 and a 12 month high of $33.22. The company has a fifty day moving average price of $31.20 and a two-hundred day moving average price of $31.30. The company has a market cap of $2.25 billion, a PE ratio of 25.75 and a beta of 0.33.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 5th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.36 annualized dividend and a yield of 1.15%. Tootsie Roll Industries’s dividend payout ratio (DPR) is 30.51%.

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.