Mattel, Inc. (NASDAQ:MAT) Stake Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Mattel, Inc. (NASDAQ:MAT) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,700 shares of the company’s stock after selling 13,313 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Mattel worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after acquiring an additional 180,855 shares during the last quarter. Barington Capital Group L.P. raised its holdings in shares of Mattel by 25.3% during the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock valued at $9,675,000 after purchasing an additional 120,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Mattel in the 2nd quarter valued at $312,000. Tidal Investments LLC lifted its stake in shares of Mattel by 292.6% in the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock valued at $1,653,000 after purchasing an additional 62,204 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Mattel by 92.5% in the second quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after purchasing an additional 1,180,301 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America increased their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of “Hold” and a consensus price target of $23.75.

Mattel Price Performance

NASDAQ:MAT opened at $18.69 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The company has a fifty day moving average price of $19.09 and a 200 day moving average price of $18.39. The stock has a market cap of $6.30 billion, a P/E ratio of 11.68, a PEG ratio of 0.94 and a beta of 0.78.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. Analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current year.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.