New York State Common Retirement Fund Increases Holdings in Tootsie Roll Industries by 13.4% in 4th Quarter
May 4, 2023
Trending News 🌥️
Tootsie Roll Industries ($NYSE:TR), Inc. is a leading maker of confectionery products with a portfolio of beloved brands including Tootsie Roll, Tootsie Pops, Charms, and others. This purchase of additional shares in Tootsie Roll Industries shows that they believe that the company will continue to be profitable in the future. The size of this purchase also demonstrates that the fund expects this profitability to increase in the near future.
Given the size of the fund and its large stake in Tootsie Roll Industries, the market has responded positively to this news. It is a sign that the company is well positioned to continue to be successful in the future and that it is a sound investment for investors.
Analysis
As part of our analysis on TOOTSIE ROLL INDUSTRIES’s wellbeing, we at GoodWhale have determined that this company is a medium risk investment in terms of financial and business aspects. We have detected one risk warning in the income sheet, and we invite you to register on our website to learn more. We strongly believe that it is important to make informed decisions when it comes to investments, and we are here to help you do that. With our track record of successful analysis and high-quality services, we are confident that our expertise will help you make the right choice. Thank you for trusting us with your investments! More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TR. More…
| Total Revenues | Net Income | Net Margin |
| 707.04 | 77.31 | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TR. More…
| Operations | Investing | Financing |
| 72.05 | -68.59 | -56.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.02k | 235.9 | 11.47 |
Key Ratios Snapshot
Some of the financial key ratios for TR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 9.6% | 14.3% |
| FCF Margin | ROE | ROA |
| 6.9% | 7.9% | 6.0% |
Peers
In the United States, the competition among Tootsie Roll Industries Inc, J&J Snack Foods Corp, B&G Foods Inc, and Treehouse Foods Inc is fierce. All four companies are fighting for market share in the $23 billion non-chocolate candy industry. While Tootsie Roll Industries Inc has the largest market share, its competitors are not far behind. J&J Snack Foods Corp is the second largest player with a market share of 17.4%, followed by B&G Foods Inc with 8.6% and Treehouse Foods Inc with 4.4%.
– J&J Snack Foods Corp ($NASDAQ:JJSF)
J&J Snack Foods Corp is a leading manufacturer and marketer of snack foods and beverages. The company’s products include soft pretzels, frozen desserts, sandwiches, and more. J&J Snack Foods Corp has a market cap of 3.01B as of 2022 and a Return on Equity of 4.56%. The company’s products are sold in supermarkets, convenience stores, and other retail outlets throughout the United States.
– B&G Foods Inc ($NYSE:BGS)
B&G Foods Inc, a holding company, engages in the manufacture, sale, and distribution of branded and non-branded food products in the United States, Canada, and Puerto Rico. The company operates in two segments, Branded Products and Specialty Products. It offers shelf-stable and frozen foods under the Ac’cent, Bicentenario, B&G, B&M, Back to Nature, Beechnut, Better Valu, Brer Rabbit, Canoleo, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Earth’s Best, Emerald Valley Kitchen, Emeril’s, Grandmas, Green Giant, GG Bran Crispbread, Home Style Bistro, Joan of Arc, Las Palmas, Le Sueur, Mama Celeste, Mama Rosie’s, Maple Grove Farms, MaraNatha, McCall’s, Mrs. Dash, New York Style, Old London, Ortega, Polaner, SnackWell’s, Spice Islands, Spring Tree, Sugar Twin, Temptations, Trappey’s, TrueNorth, Underwood, Victoria, Weber, Wright’s, and Yoplait Greek yogurt brands. The company sells its products through its sales force to grocery stores, supermarkets, mass merchandisers, warehouse clubs, discount drug stores, military commissaries and exchanges, and other institutional foodservice providers. B&G Foods Inc was founded in 1896 and is headquartered in Parsippany-Troy Hills Township, New Jersey.
– Treehouse Foods Inc ($NYSE:THS)
Treehouse Foods Inc. is a packaged food and beverage manufacturing company headquartered in Oak Brook, Illinois. The company was founded in 2004, and has since acquired and merged with several other food companies. Treehouse Foods Inc. has a market cap of $2.67B as of 2022, and a Return on Equity of 1.75%. The company manufactures and sells a variety of food and beverage products, including snacks, condiments, and meal kits. Treehouse Foods Inc. has a diversified product portfolio and a strong presence in the United States packaged food industry.
Summary
This is indicative of a general trend of investors believing the company will be a strong performer in the future. Analysts have noted that Tootsie Roll Industries has a strong balance sheet and a steady record of dividend payments, and is well-positioned to benefit from rising demand for its products. Additionally, the company has been able to successfully navigate the current economic environment without too much disruption, as evidenced by its recent quarterly earnings report. Overall, investors are optimistic about the company’s prospects going forward and are looking for continued growth.
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