US Bancorp DE Lowers Position in Hostess Brands, Inc. (NASDAQ:TWNK)

US Bancorp DE reduced its stake in Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,335 shares of the company’s stock after selling 8,195 shares during the period. US Bancorp DE’s holdings in Hostess Brands were worth $1,099,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of 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 during the last quarter. Vanguard Group Inc. increased its stake in shares of Hostess Brands by 18.5% during the first quarter. Vanguard Group Inc. now owns 15,734,264 shares of the company’s stock valued at $345,209,000 after acquiring an additional 2,458,428 shares during the period. State Street Corp increased its stake in shares of Hostess Brands by 81.7% during the first quarter. State Street Corp now owns 4,948,920 shares of the company’s stock valued at $108,579,000 after acquiring an additional 2,225,559 shares during the period. Artemis Investment Management LLP acquired a new position in Hostess Brands in the second quarter worth approximately $43,009,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Hostess Brands during the 2nd quarter valued at $18,706,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Credit Suisse Group upped their price objective on shares of Hostess Brands from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Morgan Stanley cut shares of Hostess Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $30.00 to $25.00 in a research note on Tuesday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of Hostess Brands from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd. Finally, StockNews.com began coverage on shares of Hostess Brands in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.71.

Hostess Brands Price Performance

TWNK stock opened at $22.30 on Thursday. The company has a 50 day simple moving average of $24.40 and a 200 day simple moving average of $23.82. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 18.58 and a beta of 0.60. Hostess Brands, Inc. has a 1 year low of $18.97 and a 1 year high of $29.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.08 and a quick ratio of 1.81.

Hostess Brands (NASDAQ:TWNKGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $346.23 million for the quarter, compared to analyst estimates of $322.43 million. Hostess Brands had a net margin of 12.75% and a return on equity of 7.66%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Research analysts anticipate that Hostess Brands, Inc. will post 0.97 EPS for the current fiscal year.

About Hostess Brands

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Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.

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

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