Wells Fargo & Company MN lifted its holdings in Hostess Brands, Inc. (NASDAQ:TWNK) by 115.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,214,042 shares of the company’s stock after purchasing an additional 649,882 shares during the period. Wells Fargo & Company MN owned about 0.93% of Hostess Brands worth $17,980,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Hostess Brands by 8.0% in the second quarter. California Public Employees Retirement System now owns 36,600 shares of the company’s stock worth $589,000 after acquiring an additional 2,700 shares in the last quarter. Granite Point Capital Management L.P. increased its position in shares of Hostess Brands by 8.9% in the fourth quarter. Granite Point Capital Management L.P. now owns 60,000 shares of the company’s stock worth $889,000 after acquiring an additional 4,900 shares in the last quarter. M&T Bank Corp increased its position in shares of Hostess Brands by 24.9% in the fourth quarter. M&T Bank Corp now owns 30,573 shares of the company’s stock worth $453,000 after acquiring an additional 6,096 shares in the last quarter. Legal & General Group Plc increased its position in shares of Hostess Brands by 33.1% in the third quarter. Legal & General Group Plc now owns 25,864 shares of the company’s stock worth $354,000 after acquiring an additional 6,430 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Hostess Brands by 8.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 83,353 shares of the company’s stock worth $1,139,000 after acquiring an additional 6,636 shares in the last quarter. 80.73% of the stock is currently owned by institutional investors.
Shares of Hostess Brands, Inc. (NASDAQ TWNK) opened at $14.77 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The company has a market cap of $1,921.72, a P/E ratio of 25.03 and a beta of 1.07. Hostess Brands, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $17.18.
Several research analysts have recently weighed in on TWNK shares. Royal Bank of Canada reissued a “buy” rating and issued a $18.00 target price on shares of Hostess Brands in a research report on Friday, December 22nd. SunTrust Banks lifted their target price on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Morgan Stanley set a $14.00 price target on shares of Hostess Brands and gave the stock a “hold” rating in a report on Thursday, March 1st. Finally, BidaskClub cut shares of Hostess Brands from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Hostess Brands presently has an average rating of “Hold” and an average price target of $16.63.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 25,752 shares of Hostess Brands stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total value of $394,005.60. Following the completion of the sale, the insider now directly owns 25,752 shares in the company, valued at $394,005.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig D. Steeneck bought 13,000 shares of Hostess Brands stock in a transaction on Monday, March 5th. The stock was acquired at an average price of $14.09 per share, with a total value of $183,170.00. Following the completion of the purchase, the director now directly owns 308,257 shares of the company’s stock, valued at $4,343,341.13. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
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About Hostess Brands
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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