Bank of New York Mellon Corp raised its position in shares of Mattel Inc. (NASDAQ:MAT) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,570,721 shares of the company’s stock after buying an additional 21,798 shares during the period. Bank of New York Mellon Corp owned approximately 3.09% of Mattel worth $320,082,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MAT. Bollard Group LLC boosted its position in Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock valued at $128,000 after buying an additional 48 shares in the last quarter. Pacer Advisors Inc. boosted its position in Mattel by 0.7% in the second quarter. Pacer Advisors Inc. now owns 10,374 shares of the company’s stock valued at $325,000 after buying an additional 70 shares in the last quarter. M Holdings Securities Inc. boosted its position in Mattel by 1.0% in the second quarter. M Holdings Securities Inc. now owns 9,109 shares of the company’s stock valued at $285,000 after buying an additional 87 shares in the last quarter. River Wealth Advisors LLC boosted its position in Mattel by 0.9% in the second quarter. River Wealth Advisors LLC now owns 17,720 shares of the company’s stock valued at $554,000 after buying an additional 155 shares in the last quarter. Finally, Associated Banc Corp boosted its position in Mattel by 0.3% in the second quarter. Associated Banc Corp now owns 61,600 shares of the company’s stock valued at $1,927,000 after buying an additional 173 shares in the last quarter. 94.43% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

Mattel Inc. (NASDAQ:MAT) opened at 31.49 on Tuesday. The firm’s 50-day moving average is $31.23 and its 200-day moving average is $31.89. Mattel Inc. has a 1-year low of $23.85 and a 1-year high of $34.76. The stock has a market cap of $10.77 billion, a P/E ratio of 30.11 and a beta of 0.98.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, October 19th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.01. Mattel had a return on equity of 16.55% and a net margin of 6.39%. The business earned $1.80 billion during the quarter, compared to the consensus estimate of $940.30 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts forecast that Mattel Inc. will post $1.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 22nd will be issued a $0.38 dividend. The ex-dividend date is Friday, November 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.82%. Mattel’s payout ratio is currently 146.16%.

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Several research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $41.00 price target on shares of Mattel in a report on Friday, November 4th. Citigroup Inc. upped their target price on shares of Mattel from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Vetr upgraded shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 target price on the stock in a research report on Monday, August 15th. Jefferies Group restated a “buy” rating and set a $36.00 target price on shares of Mattel in a research report on Thursday, October 13th. Finally, MKM Partners upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, October 10th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mattel currently has a consensus rating of “Buy” and a consensus price target of $35.38.

In related news, Director Dominic Ng sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $30.79, for a total value of $277,110.00. Following the sale, the director now directly owns 14,000 shares in the company, valued at approximately $431,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

About Mattel

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.

5 Day Chart for NASDAQ:MAT

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