Bank of New York Mellon Corp Increases Stake in Hostess Brands (TWNK)

Bank of New York Mellon Corp increased its position in Hostess Brands (NASDAQ:TWNK) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,962 shares of the company’s stock after buying an additional 12,401 shares during the period. Bank of New York Mellon Corp owned 0.10% of Hostess Brands worth $1,492,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TWNK. Falcon Point Capital LLC acquired a new stake in shares of Hostess Brands during the first quarter worth $17,660,000. Monarch Partners Asset Management LLC increased its stake in shares of Hostess Brands by 44.8% in the first quarter. Monarch Partners Asset Management LLC now owns 913,627 shares of the company’s stock worth $14,499,000 after buying an additional 282,615 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hostess Brands by 410.0% in the first quarter. Russell Investments Group Ltd. now owns 647,693 shares of the company’s stock worth $10,279,000 after buying an additional 520,683 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Hostess Brands during the first quarter worth $141,000. Finally, Nationwide Fund Advisors acquired a new stake in shares of Hostess Brands during the first quarter worth $345,000. Institutional investors own 95.39% of the company’s stock.

Hostess Brands (NASDAQ:TWNK) traded up 2.63% during midday trading on Friday, hitting $13.68. The stock had a trading volume of 1,072,226 shares. The company’s market cap is $1.37 billion. Hostess Brands has a 12 month low of $10.65 and a 12 month high of $17.18. The firm’s 50-day moving average price is $15.24 and its 200 day moving average price is $15.69.

Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by $0.01. The business had revenue of $203.18 million during the quarter, compared to analyst estimates of $205.41 million. On average, analysts expect that Hostess Brands will post $0.59 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on TWNK. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, May 26th. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Stephens began coverage on Hostess Brands in a report on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 target price for the company. Deutsche Bank AG set a $19.00 target price on Hostess Brands and gave the stock a “buy” rating in a report on Wednesday, May 10th. Finally, UBS AG assumed coverage on Hostess Brands in a report on Monday, July 31st. They issued a “neutral” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Hostess Brands presently has an average rating of “Buy” and an average target price of $17.83.

In other Hostess Brands news, insider Michael John Cramer bought 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $13.98 per share, for a total transaction of $69,900.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William Douglas Toler bought 50,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of $15.85 per share, for a total transaction of $792,500.00. Following the completion of the purchase, the insider now owns 485,000 shares in the company, valued at approximately $7,687,250. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 130,000 shares of company stock worth $1,901,900. Company insiders own 25.50% of the company’s stock.

Hostess Brands Company 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.

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

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