Hostess Brands Inc (NASDAQ:TWNK) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of Hostess Brands Inc (NASDAQ:TWNK) by 6.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,216,646 shares of the company’s stock after purchasing an additional 207,051 shares during the period. Wells Fargo & Company MN’s holdings in Hostess Brands were worth $40,209,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TWNK. Geode Capital Management LLC boosted its holdings in Hostess Brands by 16.5% in the fourth quarter. Geode Capital Management LLC now owns 1,145,342 shares of the company’s stock valued at $12,530,000 after acquiring an additional 162,039 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Hostess Brands by 51.8% in the third quarter. JPMorgan Chase & Co. now owns 129,308 shares of the company’s stock valued at $1,432,000 after acquiring an additional 44,106 shares during the last quarter. Rothschild & Co. Asset Management US Inc. boosted its holdings in Hostess Brands by 0.7% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 1,955,010 shares of the company’s stock valued at $21,388,000 after acquiring an additional 14,198 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Hostess Brands by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 32,219 shares of the company’s stock valued at $352,000 after acquiring an additional 25,163 shares during the last quarter. Finally, Pathlight Investors LLC bought a new position in Hostess Brands in the fourth quarter valued at about $170,000. Institutional investors own 84.86% of the company’s stock.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $14.00 price target on shares of Hostess Brands in a report on Thursday, May 9th. Evercore ISI assumed coverage on Hostess Brands in a report on Tuesday. They issued an “outperform” rating and a $16.00 price target on the stock. BidaskClub cut Hostess Brands from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank upgraded Hostess Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $12.00 to $15.00 in a report on Tuesday, April 2nd. Finally, TheStreet upgraded Hostess Brands from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hostess Brands has a consensus rating of “Hold” and a consensus target price of $13.50.

NASDAQ:TWNK opened at $13.69 on Thursday. Hostess Brands Inc has a 1-year low of $9.86 and a 1-year high of $14.70. The company has a current ratio of 2.19, a quick ratio of 1.91 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 25.35 and a beta of 0.50.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. The firm had revenue of $222.74 million for the quarter, compared to analyst estimates of $210.90 million. Research analysts anticipate that Hostess Brands Inc will post 0.62 EPS for the current year.

In other Hostess Brands news, Director C. Dean Metropoulos sold 1,834,300 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $24,414,533.00. Following the transaction, the director now owns 458,939 shares of the company’s stock, valued at $6,108,478.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $82,065,467.00. Following the sale, the insider now directly owns 6,165,700 shares in the company, valued at approximately $82,065,467. The disclosure for this sale can be found here. Insiders sold 9,174,376 shares of company stock worth $121,699,913 in the last three months. Insiders own 24.60% of the company’s stock.

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Hostess Brands Profile

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

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