Tootsie Roll Industries (NYSE:TR) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Tootsie Roll Industries, Inc. (NYSE:TR)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.04 and traded as low as $38.53. Tootsie Roll Industries shares last traded at $38.97, with a volume of 125,023 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, June 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tootsie Roll Industries currently has a consensus rating of “Hold”.

Tootsie Roll Industries Price Performance

The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 28.32 and a beta of 0.39. The business has a 50 day moving average of $38.67 and a 200 day moving average of $40.06.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.24 earnings per share for the quarter. The firm had revenue of $151.54 million for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 18th. Tootsie Roll Industries’s payout ratio is 26.87%.

Institutional Trading of Tootsie Roll Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in Tootsie Roll Industries by 645.2% during the fourth quarter. SG Americas Securities LLC now owns 42,462 shares of the company’s stock worth $1,555,000 after acquiring an additional 36,764 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Tootsie Roll Industries in the 4th quarter valued at $935,000. JPMorgan Chase & Co. boosted its stake in shares of Tootsie Roll Industries by 130.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 60,864 shares of the company’s stock valued at $2,551,000 after purchasing an additional 34,450 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Tootsie Roll Industries in the 4th quarter worth about $3,077,000. Finally, Vanguard Group Inc. grew its holdings in shares of Tootsie Roll Industries by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock worth $79,281,000 after purchasing an additional 37,493 shares during the last quarter. Institutional investors own 14.28% of the company’s stock.

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.