Hostess Brands, Inc. (NASDAQ:TWNK) Shares Purchased by State Board of Administration of Florida Retirement System

Posted by Defense World Staff on May 19th, 2023

State Board of Administration of Florida Retirement System raised its position in Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,788 shares of the company’s stock after acquiring an additional 2,860 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Hostess Brands were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake 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 in the last quarter. Vanguard Group Inc. raised its position in shares of Hostess Brands by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,997,837 shares of the company’s stock worth $371,790,000 after acquiring an additional 96,984 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Hostess Brands by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 9,037,904 shares of the company’s stock worth $210,046,000 after purchasing an additional 229,103 shares during the last quarter. State Street Corp boosted its holdings in Hostess Brands by 1.1% in the second quarter. State Street Corp now owns 5,004,593 shares of the company’s stock valued at $106,147,000 after purchasing an additional 55,673 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Hostess Brands by 9.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,887,112 shares of the company’s stock valued at $82,446,000 after purchasing an additional 320,776 shares during the last quarter.

Hostess Brands Stock Up 1.4 %

Shares of NASDAQ TWNK opened at $26.14 on Friday. The stock has a market capitalization of $3.49 billion, a PE ratio of 21.43 and a beta of 0.63. The company has a quick ratio of 1.47, a current ratio of 1.79 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average of $25.20 and a 200-day moving average of $24.56. Hostess Brands, Inc. has a 52-week low of $19.00 and a 52-week high of $29.00.

Hostess Brands (NASDAQ:TWNK – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $345.40 million for the quarter, compared to analysts’ expectations of $338.44 million. Hostess Brands had a net margin of 12.24% and a return on equity of 7.52%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. On average, analysts anticipate that Hostess Brands, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on TWNK shares. UBS Group assumed coverage on Hostess Brands in a report on Sunday, March 19th. They set a “neutral” rating and a $26.00 price objective on the stock. Credit Suisse Group lowered their target price on shares of Hostess Brands from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. Jefferies Financial Group upped their price target on shares of Hostess Brands from $30.00 to $31.00 in a research report on Friday, April 28th. StockNews.com began coverage on shares of Hostess Brands in a research report on Thursday. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hostess Brands from $25.00 to $23.00 and set a “hold” rating for the company in a report on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.83.

Hostess Brands Profile

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Hostess Brands, Inc engages in developing, manufacturing, marketing, selling, and distributing baked goods. It operates through the 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.