Principal Financial Group Inc. Increases Stock Position in Tootsie Roll Industries, Inc. $TR

Principal Financial Group Inc. lifted its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 28.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,566 shares of the company’s stock after buying an additional 23,564 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Tootsie Roll Industries worth $4,467,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. NBT Bank N A NY purchased a new stake in Tootsie Roll Industries during the third quarter valued at about $39,000. CWM LLC lifted its stake in shares of Tootsie Roll Industries by 42.0% in the 3rd quarter. CWM LLC now owns 1,394 shares of the company’s stock valued at $58,000 after purchasing an additional 412 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Tootsie Roll Industries during the 2nd quarter worth about $60,000. State of Wyoming acquired a new stake in Tootsie Roll Industries during the 2nd quarter worth approximately $111,000. Finally, KLP Kapitalforvaltning AS increased its position in Tootsie Roll Industries by 46.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 3,794 shares of the company’s stock worth $127,000 after purchasing an additional 1,198 shares in the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Performance

Shares of NYSE:TR opened at $42.17 on Monday. The business’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $39.05. The company has a market cap of $3.08 billion, a P/E ratio of 30.56 and a beta of 0.53. Tootsie Roll Industries, Inc. has a one year low of $29.13 and a one year high of $44.27.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 24th were paid a $0.09 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is 27.91%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.