Hostess Brands, Inc. (NASDAQ:TWNK) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,411,411 shares of the company’s stock after buying an additional 2,001 shares during the period. Bank of New York Mellon Corp’s holdings in Hostess Brands were worth $32,801,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TWNK. BlackRock Inc. raised its holdings in Hostess Brands by 103.5% during the first quarter. BlackRock Inc. now owns 24,077,759 shares of the company’s stock worth $528,266,000 after purchasing an additional 12,247,765 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hostess Brands by 18.5% in the 1st quarter. Vanguard Group Inc. now owns 15,734,264 shares of the company’s stock valued at $345,209,000 after buying an additional 2,458,428 shares during the last quarter. State Street Corp raised its stake in Hostess Brands by 81.7% during the 1st quarter. State Street Corp now owns 4,948,920 shares of the company’s stock worth $108,579,000 after acquiring an additional 2,225,559 shares in the last quarter. Invesco Ltd. lifted its position in Hostess Brands by 208.5% in the first quarter. Invesco Ltd. now owns 1,271,547 shares of the company’s stock valued at $27,898,000 after acquiring an additional 859,310 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Hostess Brands in the second quarter valued at $15,622,000.

Hostess Brands Trading Up 0.5 %

NASDAQ TWNK opened at $24.25 on Tuesday. Hostess Brands, Inc. has a one year low of $19.00 and a one year high of $29.00. The firm has a market cap of $3.24 billion, a PE ratio of 20.38 and a beta of 0.59. The firm’s fifty day moving average is $23.20 and its two-hundred day moving average is $24.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.64.

Hostess Brands (NASDAQ:TWNK – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Hostess Brands had a return on equity of 7.56% and a net margin of 12.09%. The firm had revenue of $339.46 million for the quarter, compared to analysts’ expectations of $331.29 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that Hostess Brands, Inc. will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley cut Hostess Brands from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $30.00 to $25.00 in a research report on Tuesday, December 20th. Credit Suisse Group reduced their price objective on Hostess Brands from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, February 10th.

Hostess Brands Company Profile

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Hostess Brands, Inc engages in developing, manufacturing, marketing, selling and distributing baked goods. It operates through Snacking segment, which consists of sweet baked goods, cookies, bread and buns, and frozen retail products that are sold under the Hostess �, Dolly Madison �, Cloverhill �, Big Texas �, and Voortman � brands.