<div id="readability-page-1" class="page"><p>Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) shares traded down 5.7% on Thursday . The company traded as low as $39.80 and last traded at $40.08. 67,722 shares were traded  during mid-day trading, a decline of 60% from the average session volume of 169,431 shares. The stock had previously closed at $42.49.</p><h2>Analyst Ratings Changes</h2><ul><li>Treat Your Portfolio With These 3 Spooky Season Stocks</li></ul><p>Separately, Weiss Ratings  restated a &#34;buy (b-)&#34; rating on shares of Tootsie Roll Industries in a report on Wednesday, October 8th. One investment analyst  has rated the stock with a Buy rating,  According to MarketBeat.com, Tootsie Roll Industries presently has a consensus rating of &#34;Buy&#34;.</p><p><b>Get Our Latest Analysis on TR</b></p><h2>Tootsie Roll Industries Trading Down 6.1%</h2><ul><li>Why Insurance Stocks May Struggle Despite Strong Highs</li></ul><p>The stock's 50-day moving average price is $41.18 and its 200-day moving average price is $36.81. The company has a market capitalization of $2.91 billion, a P/E ratio of 31.99 and a beta of 0.45. </p><p>Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%. The company had revenue of $153.19 million for the quarter. </p><h2>Tootsie Roll Industries Announces Dividend</h2><ul><li>Value Alert: 3 High-Yield Stocks Trading at 52-Week Lows </li></ul><p>The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, October 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, October 7th. Tootsie Roll Industries's dividend payout ratio (DPR) is 28.80%. </p><h2>Institutional Trading of Tootsie Roll Industries</h2><p>A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of  Tootsie Roll Industries in the 3rd quarter worth about $239,000.  Louisiana State Employees Retirement System increased its stake in  Tootsie Roll Industries by 15.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock valued at $377,000 after buying an additional 1,200 shares during the period.  Sapient Capital LLC acquired a new position in  Tootsie Roll Industries during the 3rd quarter valued at about $239,000.  CWM LLC increased its stake in  Tootsie Roll Industries by 42.0% during the 3rd quarter. CWM LLC now owns 1,394 shares of the company's stock valued at $58,000 after buying an additional 412 shares during the period.  Finally, GAMMA Investing LLC increased its stake in  Tootsie Roll Industries by 23.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,243 shares of the company's stock valued at $178,000 after buying an additional 813 shares during the period. Institutional investors and hedge funds own  14.28% of the company's stock. </p><h2>Tootsie Roll Industries Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Tootsie Roll Industries</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Capital One Just Flashed a Buy Signal—New Highs Could Be Next</li><li>Comparing and Trading High PE Ratio Stocks</li><li>GM Posts Largest Gain Since the Pandemic: Shares Still Look Cheap</li><li>Insider Trading - What You Need to Know</li><li>Tesla’s Earnings Review: Does the Juice Justify the Squeeze?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tootsie Roll Industries Right Now?</h2><p>Before you consider Tootsie Roll Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tootsie Roll Industries wasn't on the list.</p><p>While Tootsie Roll Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Tootsie Roll Industries (NYSE:TR) shares fell 5.7% to $40.08, with trading volume down 60% from average levels. Analysts maintain a consensus "Buy" rating, with Weiss Ratings reaffirming a "buy (b-)". The company reported $0.24 EPS for the last quarter, with a net margin of 12.72% and revenue of $153.19 million. Tootsie Roll also declared a quarterly dividend of $0.09, yielding 0.9%. Institutional investors hold 14.28% of the stock, with recent increases in stakes from several large investors.</p>

Tootsie Roll Industries (NYSE:TR) Trading Down 5.7% - Time to Sell?