Allspring Global Investments Holdings LLC Purchases 41,326 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Allspring Global Investments Holdings LLC lifted its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 3.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,140,100 shares of the company’s stock after purchasing an additional 41,326 shares during the period. Allspring Global Investments Holdings LLC owned about 1.60% of Tootsie Roll Industries worth $37,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in Tootsie Roll Industries in the fourth quarter worth approximately $27,000. nVerses Capital LLC bought a new position in Tootsie Roll Industries in the 3rd quarter worth $43,000. GAMMA Investing LLC lifted its position in Tootsie Roll Industries by 133.5% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock valued at $58,000 after purchasing an additional 1,033 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Tootsie Roll Industries in the third quarter worth about $96,000. Finally, US Bancorp DE raised its stake in shares of Tootsie Roll Industries by 70.9% in the third quarter. US Bancorp DE now owns 4,927 shares of the company’s stock worth $153,000 after buying an additional 2,044 shares during the period. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Down 1.0 %

TR stock opened at $30.82 on Friday. The business’s 50-day moving average price is $31.51 and its 200-day moving average price is $31.00. The stock has a market cap of $2.20 billion, a P/E ratio of 23.56 and a beta of 0.21. Tootsie Roll Industries, Inc. has a twelve month low of $27.58 and a twelve month high of $34.00.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. Tootsie Roll Industries’s payout ratio is currently 27.48%.

About Tootsie Roll Industries

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.