Wells Fargo & Company MN lifted its position in Hostess Brands, Inc. (NASDAQ:TWNK) by 115.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,214,042 shares of the company’s stock after purchasing an additional 649,882 shares during the period. Wells Fargo & Company MN’s holdings in Hostess Brands were worth $17,980,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of TWNK. Janus Henderson Group PLC increased its position in Hostess Brands by 31.3% during 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 period. River Road Asset Management LLC bought a new position in Hostess Brands during the fourth quarter worth $38,266,000. Dimensional Fund Advisors LP increased its position in Hostess Brands by 112.0% during 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 period. Monarch Partners Asset Management LLC increased its position in Hostess Brands by 72.9% during the fourth quarter. Monarch Partners Asset Management LLC now owns 1,214,947 shares of the company’s stock worth $17,993,000 after acquiring an additional 512,385 shares during the period. Finally, State Street Corp increased its position in Hostess Brands by 4,097.7% during 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 period. Institutional investors and hedge funds own 80.73% of the company’s stock.
Shares of Hostess Brands, Inc. (NASDAQ TWNK) opened at $14.77 on Monday. The stock has a market cap of $1,921.72, a price-to-earnings ratio of 25.03 and a beta of 1.07. The company has a quick ratio of 1.91, a current ratio of 2.18 and a debt-to-equity ratio of 0.67. Hostess Brands, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $17.18.
In other news, Director Craig D. Steeneck bought 13,000 shares of the stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of $14.09 per share, with a total value of $183,170.00. Following the acquisition, the director now owns 308,257 shares in the company, valued at $4,343,341.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cdm Hostess Class C, Llc sold 25,752 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.30, for a total transaction of $394,005.60. Following the completion of the sale, the insider now directly owns 25,752 shares in the company, valued at approximately $394,005.60. The disclosure for this sale can be found here. 25.50% of the stock is currently owned by corporate insiders.
A number of brokerages recently issued reports on TWNK. Morgan Stanley set a $14.00 target price on shares of Hostess Brands and gave the stock a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub lowered shares of Hostess Brands from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. TheStreet raised shares of Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $18.00 price target on shares of Hostess Brands in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Hostess Brands presently has a consensus rating of “Hold” and an average price target of $16.63.
TRADEMARK VIOLATION WARNING: “Wells Fargo & Company MN Has $17.98 Million Stake in Hostess Brands, Inc. (TWNK)” was originally posted by Markets Daily and is owned by of Markets Daily. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2018/03/12/wells-fargo-company-mn-has-17-98-million-stake-in-hostess-brands-inc-twnk.html.
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.
Want to see what other hedge funds are holding TWNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hostess Brands, Inc. (NASDAQ:TWNK).
Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.