NJ State Employees Deferred Compensation Plan trimmed its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 18.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the company’s stock after selling 2,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Tootsie Roll Industries were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in shares of Tootsie Roll Industries by 14.3% during the 1st quarter. Wells Fargo & Company MN now owns 196,006 shares of the company’s stock worth $5,773,000 after acquiring an additional 24,483 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Tootsie Roll Industries by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 95,663 shares of the company’s stock worth $2,818,000 after acquiring an additional 5,592 shares during the period. BlackRock Inc. boosted its stake in shares of Tootsie Roll Industries by 4.1% during the 1st quarter. BlackRock Inc. now owns 1,974,431 shares of the company’s stock worth $58,147,000 after acquiring an additional 77,132 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Tootsie Roll Industries by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 540,930 shares of the company’s stock worth $15,930,000 after acquiring an additional 14,019 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Tootsie Roll Industries by 13.2% during the 1st quarter. Russell Investments Group Ltd. now owns 88,528 shares of the company’s stock worth $2,607,000 after acquiring an additional 10,290 shares during the period. Hedge funds and other institutional investors own 21.68% of the company’s stock.

NYSE:TR opened at $29.13 on Friday. The company has a market cap of $1.88 billion, a P/E ratio of 24.32 and a beta of 0.50. Tootsie Roll Industries, Inc. has a 1-year low of $27.45 and a 1-year high of $38.15.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $105.62 million during the quarter. Tootsie Roll Industries had a return on equity of 10.69% and a net margin of 15.09%.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Monday, October 8th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.36 annualized dividend and a yield of 1.24%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the TOOTSIE ROLL, TOOTSIE 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.

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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