Hsbc Holdings PLC Cuts Position in Hostess Brands, Inc. (NASDAQ:TWNK)

Hsbc Holdings PLC reduced its position in Hostess Brands, Inc. (NASDAQ:TWNK) by 67.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,702 shares of the company’s stock after selling 106,715 shares during the period. Hsbc Holdings PLC’s holdings in Hostess Brands were worth $739,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Hostess Brands by 3.9% in the 4th quarter. BlackRock Inc. now owns 10,425,354 shares of the company’s stock valued at $152,629,000 after purchasing an additional 390,163 shares in the last quarter. Cardinal Capital Management LLC CT increased its stake in shares of Hostess Brands by 13.4% in the fourth quarter. Cardinal Capital Management LLC CT now owns 7,289,836 shares of the company’s stock worth $106,723,000 after buying an additional 862,046 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Hostess Brands by 25.6% in the fourth quarter. Janus Henderson Group PLC now owns 6,027,516 shares of the company’s stock valued at $88,243,000 after acquiring an additional 1,228,455 shares in the last quarter. Braun Stacey Associates Inc. bought a new position in Hostess Brands during the 4th quarter valued at $14,796,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Hostess Brands by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,005,513 shares of the company’s stock worth $14,721,000 after purchasing an additional 58,035 shares during the last quarter.

Several equities analysts have recently commented on TWNK shares. Stephens began coverage on shares of Hostess Brands in a research report on Tuesday, January 19th. They set an “overweight” rating and a $18.00 price target on the stock. Zacks Investment Research upgraded Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Saturday, January 16th. Jefferies Financial Group boosted their price target on Hostess Brands from $16.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Hostess Brands from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, December 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hostess Brands currently has an average rating of “Buy” and a consensus price target of $16.57.

NASDAQ:TWNK opened at $14.66 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $14.82 and a 200-day moving average of $14.00. The firm has a market capitalization of $1.91 billion, a PE ratio of 29.32 and a beta of 0.75. Hostess Brands, Inc. has a 52 week low of $11.12 and a 52 week high of $16.18.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Tuesday, February 23rd. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Hostess Brands had a net margin of 6.43% and a return on equity of 5.84%. As a group, analysts predict that Hostess Brands, Inc. will post 0.75 EPS for the current fiscal year.

About Hostess Brands

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, frozen retail products, 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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