Mattel, Inc. (MAT) Stake Increased by Bank of New York Mellon Corp
Bank of New York Mellon Corp grew its position in Mattel, Inc. (NASDAQ:MAT) by 20.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,201,338 shares of the company’s stock after buying an additional 2,253,399 shares during the period. Bank of New York Mellon Corp owned 3.84% of Mattel worth $204,357,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MAT. IHT Wealth Management LLC boosted its stake in Mattel by 5,624.1% in the 2nd quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock worth $302,000 after purchasing an additional 1,631 shares in the last quarter. Highlander Capital Management LLC acquired a new stake in Mattel in the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC boosted its stake in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after purchasing an additional 1,287 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in Mattel by 54.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after purchasing an additional 2,175 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in Mattel in the 2nd quarter worth approximately $195,000. Institutional investors and hedge funds own 95.89% of the company’s stock.
A number of research firms have issued reports on MAT. UBS AG set a $26.00 price target on shares of Mattel and gave the stock a “buy” rating in a research report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and set a $17.00 price target (down from $19.00) on shares of Mattel in a research report on Friday, July 28th. BMO Capital Markets reissued an “outperform” rating and set a $25.00 price target (down from $30.00) on shares of Mattel in a research report on Friday, July 28th. DA Davidson lowered shares of Mattel from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $22.00 to $18.00 in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Mattel in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Mattel has a consensus rating of “Hold” and a consensus target price of $21.46.
Shares of Mattel, Inc. (MAT) opened at $18.68 on Friday. Mattel, Inc. has a 1-year low of $12.71 and a 1-year high of $32.43. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $6,420.86, a price-to-earnings ratio of 124.53, a P/E/G ratio of 48.03 and a beta of 0.88.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. analysts expect that Mattel, Inc. will post 0.04 earnings per share for the current year.
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Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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