Schwab Charles Investment Management Inc. raised its stake in Hostess Brands, Inc. (NASDAQ:TWNK) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,473 shares of the company’s stock after acquiring an additional 61,757 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.31% of Hostess Brands worth $5,902,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of Hostess Brands by 31.3% in the third quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after acquiring an additional 2,316,041 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hostess Brands by 112.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after acquiring an additional 1,121,008 shares during the last quarter. State Street Corp grew its stake in shares of Hostess Brands by 4,097.7% in the second quarter. State Street Corp now owns 1,112,379 shares of the company’s stock worth $17,907,000 after acquiring an additional 1,085,879 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Hostess Brands by 767.8% in the third quarter. Wells Fargo & Company MN now owns 564,160 shares of the company’s stock worth $7,706,000 after acquiring an additional 499,149 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Hostess Brands by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 471,527 shares of the company’s stock worth $6,441,000 after acquiring an additional 91,616 shares during the last quarter. 80.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on TWNK. Morgan Stanley set a $14.00 target price on Hostess Brands and gave the stock a “hold” rating in a research note on Thursday, March 1st. TheStreet raised Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. BidaskClub cut Hostess Brands from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $18.00 price objective on shares of Hostess Brands in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Hostess Brands presently has an average rating of “Hold” and an average target price of $16.63.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Hostess Brands had a return on equity of 4.68% and a net margin of 28.85%. The company had revenue of $196.22 million for the quarter, compared to analysts’ expectations of $194.10 million. During the same period last year, the firm posted $0.14 earnings per share. Hostess Brands’s revenue was up 9.7% compared to the same quarter last year. research analysts predict that Hostess Brands, Inc. will post 0.69 EPS for the current fiscal year.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 31,685 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.30, for a total value of $484,780.50. Following the transaction, the insider now directly owns 31,685 shares of the company’s stock, valued at $484,780.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig D. Steeneck bought 13,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of $14.09 per share, for a total transaction of $183,170.00. Following the completion of the transaction, the director now directly owns 308,257 shares of the company’s stock, valued at approximately $4,343,341.13. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.
Hostess Brands Profile
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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