Tootsie Roll Industries, Inc. (NYSE:TR) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,098 shares of the company’s stock after purchasing an additional 892 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Tootsie Roll Industries worth $3,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TR. BNP Paribas Arbitrage SA increased its stake in shares of Tootsie Roll Industries by 1,177.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,564 shares of the company’s stock worth $133,000 after acquiring an additional 3,285 shares during the last quarter. Signaturefd LLC raised its position in Tootsie Roll Industries by 22.7% in the first quarter. Signaturefd LLC now owns 5,153 shares of the company’s stock worth $192,000 after purchasing an additional 954 shares in the last quarter. Bluestein R H & Co. bought a new stake in shares of Tootsie Roll Industries during the first quarter valued at approximately $210,000. Envestnet Asset Management Inc. bought a new position in Tootsie Roll Industries in the second quarter valued at approximately $212,000. Finally, KBC Group NV bought a new position in shares of Tootsie Roll Industries during the second quarter worth $213,000. Hedge funds and other institutional investors own 24.57% of the company’s stock.

Shares of NYSE:TR traded up $0.34 during midday trading on Friday, reaching $36.48. 440,781 shares of the company were exchanged, compared to its average volume of 94,647. Tootsie Roll Industries, Inc. has a fifty-two week low of $28.08 and a fifty-two week high of $40.82. The stock has a fifty day simple moving average of $36.95 and a two-hundred day simple moving average of $37.76. The firm has a market cap of $2.45 billion, a PE ratio of 32.22 and a beta of 0.28.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $106.02 million during the quarter. Tootsie Roll Industries had a net margin of 11.38% and a return on equity of 7.88%.

Tootsie Roll Industries Profile

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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