Hostess Brands, Inc. (TWNK) Shares Sold by Franklin Resources Inc.
Franklin Resources Inc. reduced its holdings in shares of Hostess Brands, Inc. (NASDAQ:TWNK) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,325,020 shares of the company’s stock after selling 573,586 shares during the quarter. Franklin Resources Inc.’s holdings in Hostess Brands were worth $64,053,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new position in shares of Hostess Brands during the 3rd quarter valued at approximately $150,000. ArrowMark Colorado Holdings LLC purchased a new position in shares of Hostess Brands during the 4th quarter valued at approximately $158,000. Amalgamated Bank acquired a new stake in shares of Hostess Brands during the 4th quarter valued at approximately $159,000. JPMorgan Chase & Co. raised its position in shares of Hostess Brands by 340.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock valued at $161,000 after acquiring an additional 9,109 shares in the last quarter. Finally, Cipher Capital LP acquired a new stake in shares of Hostess Brands during the 3rd quarter valued at approximately $167,000. Institutional investors own 80.73% of the company’s stock.
In other news, Director Craig D. Steeneck purchased 13,000 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was bought at an average cost of $14.09 per share, with a total value of $183,170.00. Following the purchase, the director now directly owns 308,257 shares of the company’s stock, valued at $4,343,341.13. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 31,685 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.30, for a total value of $484,780.50. Following the sale, the insider now directly owns 31,685 shares of the company’s stock, valued at $484,780.50. The disclosure for this sale can be found here. 25.50% of the stock is currently owned by corporate insiders.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $196.22 million during the quarter, compared to the consensus estimate of $194.10 million. Hostess Brands had a return on equity of 4.68% and a net margin of 28.85%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. analysts predict that Hostess Brands, Inc. will post 0.69 earnings per share for the current year.
Several equities research analysts recently issued reports on TWNK shares. TheStreet raised Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a research report on Friday, December 22nd. SunTrust Banks upped their price target on Hostess Brands to $20.00 and gave the company a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Zacks Investment Research raised Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Saturday, January 20th. Finally, Morgan Stanley set a $14.00 target price on Hostess Brands and gave the stock a “hold” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Hostess Brands presently has an average rating of “Hold” and a consensus target price of $16.63.
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About Hostess Brands
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.
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