Tootsie Roll Industries, Inc. (TR) Stake Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,370 shares of the company’s stock after selling 22,935 shares during the period. Bank of New York Mellon Corp owned 0.49% of Tootsie Roll Industries worth $11,679,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC grew its stake in Tootsie Roll Industries by 3.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,105 shares of the company’s stock valued at $120,000 after acquiring an additional 109 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Tootsie Roll Industries by 13.0% during the second quarter. Riverhead Capital Management LLC now owns 3,482 shares of the company’s stock valued at $121,000 after acquiring an additional 400 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Tootsie Roll Industries by 6.6% during the second quarter. PNC Financial Services Group Inc. now owns 4,562 shares of the company’s stock valued at $159,000 after acquiring an additional 282 shares in the last quarter. Victory Capital Management Inc. grew its stake in Tootsie Roll Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,094 shares of the company’s stock valued at $212,000 after acquiring an additional 912 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Tootsie Roll Industries during the second quarter valued at $213,000. Hedge funds and other institutional investors own 22.11% of the company’s stock.

Tootsie Roll Industries, Inc. (NYSE TR) opened at $36.90 on Friday. The firm has a market cap of $2,329.63, a price-to-earnings ratio of 34.76 and a beta of 0.68. Tootsie Roll Industries, Inc. has a 52 week low of $34.30 and a 52 week high of $41.15.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, December 15th. This represents a $0.36 annualized dividend and a yield of 0.98%. Tootsie Roll Industries’s payout ratio is 33.91%.

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Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

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

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