Renaissance Technologies LLC Sells 36,200 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Posted by Defense World Staff on Mar 5th, 2023

Renaissance Technologies LLC decreased its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR – Get Rating) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,476 shares of the company’s stock after selling 36,200 shares during the period. Renaissance Technologies LLC owned about 0.60% of Tootsie Roll Industries worth $13,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TR. JPMorgan Chase & Co. boosted its holdings in Tootsie Roll Industries by 17.4% in the 1st quarter. JPMorgan Chase & Co. now owns 25,101 shares of the company’s stock worth $878,000 after buying an additional 3,722 shares during the period. Bank of New York Mellon Corp boosted its holdings in Tootsie Roll Industries by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 247,404 shares of the company’s stock worth $8,650,000 after buying an additional 2,792 shares during the period. Citigroup Inc. boosted its holdings in Tootsie Roll Industries by 14.5% in the 1st quarter. Citigroup Inc. now owns 14,993 shares of the company’s stock worth $524,000 after buying an additional 1,894 shares during the period. MetLife Investment Management LLC boosted its holdings in Tootsie Roll Industries by 46.9% in the 1st quarter. MetLife Investment Management LLC now owns 9,134 shares of the company’s stock worth $319,000 after buying an additional 2,916 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Tootsie Roll Industries by 3.0% in the 1st quarter. Panagora Asset Management Inc. now owns 11,369 shares of the company’s stock worth $397,000 after buying an additional 331 shares during the period. Institutional investors own 17.06% of the company’s stock.

Tootsie Roll Industries Stock Performance

Shares of Tootsie Roll Industries stock opened at $42.68 on Friday. The company has a market capitalization of $3.03 billion, a P/E ratio of 39.96 and a beta of 0.15. The company has a fifty day moving average of $44.51 and a 200 day moving average of $40.85. Tootsie Roll Industries, Inc. has a fifty-two week low of $30.14 and a fifty-two week high of $46.11.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Monday, March 6th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, March 3rd. Tootsie Roll Industries’s dividend payout ratio is currently 32.77%.

About Tootsie Roll Industries

(Get Rating)

Tootsie Roll Industries, Inc engages in the manufacture and sale of confectionery products. Its brands include tootsie roll, tootsie pop, charms blow pop, andes mints, sugar daddy, charleston chew, dubble bubble, razzles, caramel apple pop, junior mints, cella’s chocolate-covered cherries, and nik-L-nip.