Northwestern Mutual Investment Management Company LLC Has $124,466,000 Position in Hostess Brands, Inc. (TWNK)

Northwestern Mutual Investment Management Company LLC held its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK) during the first quarter, Holdings Channel reports. The institutional investor owned 7,842,858 shares of the company’s stock at the end of the first quarter. Hostess Brands accounts for about 2.2% of Northwestern Mutual Investment Management Company LLC’s holdings, making the stock its 4th largest position. Northwestern Mutual Investment Management Company LLC owned 7.98% of Hostess Brands worth $124,466,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TWNK. First Personal Financial Services bought a new position in Hostess Brands during the first quarter worth $106,000. First Mercantile Trust Co. bought a new position in Hostess Brands during the first quarter worth $141,000. Sei Investments Co. bought a new position in Hostess Brands during the first quarter worth $166,000. Nationwide Fund Advisors bought a new position in Hostess Brands during the first quarter worth $345,000. Finally, Bank of New York Mellon Corp raised its position in Hostess Brands by 15.2% in the first quarter. Bank of New York Mellon Corp now owns 93,962 shares of the company’s stock worth $1,492,000 after buying an additional 12,401 shares during the last quarter. 36.87% of the stock is owned by institutional investors.

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

Hostess Brands, Inc. (NASDAQ:TWNK) traded up 0.80% on Friday, reaching $16.48. The company’s stock had a trading volume of 687,912 shares. Hostess Brands, Inc. has a one year low of $9.62 and a one year high of $17.18. The stock’s market cap is $1.64 billion. The stock has a 50-day moving average of $16.08 and a 200-day moving average of $14.50.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $184.54 million during the quarter, compared to analyst estimates of $181.79 million. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. On average, analysts predict that Hostess Brands, Inc. will post $0.64 EPS for the current fiscal year.

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TWNK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a report on Tuesday, February 7th. CL King initiated coverage on Hostess Brands in a report on Tuesday, February 14th. They set a “strong-buy” rating and a $20.00 target price for the company. Deutsche Bank AG initiated coverage on Hostess Brands in a report on Wednesday, February 15th. They set a “buy” rating and a $18.00 target price for the company. Finally, Stephens initiated coverage on Hostess Brands in a report on Tuesday. They set an “overweight” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.40.

In other Hostess Brands news, major shareholder Gores Sponsor Llc sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $15.25, for a total value of $15,250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 600,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $15.25, for a total value of $9,150,000.00. Following the completion of the sale, the insider now owns 521,739 shares of the company’s stock, valued at approximately $7,956,519.75. The disclosure for this sale can be found here. Corporate insiders own 31.20% of the company’s stock.

12 Month Chart for NASDAQ:TWNK

Want to see what other hedge funds are holding TWNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hostess Brands, Inc. (NASDAQ:TWNK).

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