Tootsie Roll Industries (NYSE:TR) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Tootsie Roll Industries, Inc. (NYSE:TR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $39.01 and traded as low as $38.94. Tootsie Roll Industries shares last traded at $39.28, with a volume of 155,131 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tootsie Roll Industries currently has an average rating of “Hold”.

Tootsie Roll Industries Stock Up 1.1%

The stock has a market cap of $2.87 billion, a PE ratio of 30.43 and a beta of 0.53. The company’s fifty day moving average is $37.44 and its 200 day moving average is $39.01.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Friday, November 7th. The company reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $232.71 million during the quarter. Tootsie Roll Industries had a net margin of 12.99% and a return on equity of 10.53%.

Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 24th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, December 24th. Tootsie Roll Industries’s dividend payout ratio is currently 27.91%.

Institutional Investors Weigh In On Tootsie Roll Industries

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Tootsie Roll Industries by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock valued at $79,281,000 after buying an additional 37,493 shares during the period. Geode Capital Management LLC grew its position in Tootsie Roll Industries by 75.4% in the second quarter. Geode Capital Management LLC now owns 472,180 shares of the company’s stock valued at $15,797,000 after acquiring an additional 203,042 shares in the last quarter. Millennium Management LLC raised its stake in shares of Tootsie Roll Industries by 121.9% during the third quarter. Millennium Management LLC now owns 328,323 shares of the company’s stock valued at $13,763,000 after purchasing an additional 180,351 shares during the period. Invesco Ltd. lifted its position in shares of Tootsie Roll Industries by 98.1% during the third quarter. Invesco Ltd. now owns 316,816 shares of the company’s stock worth $13,281,000 after purchasing an additional 156,929 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Tootsie Roll Industries by 1,369,340.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 301,277 shares of the company’s stock valued at $11,036,000 after purchasing an additional 301,255 shares during the period. Institutional investors and hedge funds 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.