Northwestern Mutual Investment Management Company LLC lessened its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 81.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,987 shares of the company’s stock after selling 56,236 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Mattel were worth $406,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its stake in shares of Mattel by 62.8% during the second quarter. Synovus Financial Corp now owns 178,661 shares of the company’s stock valued at $3,839,000 after purchasing an additional 68,910 shares during the period. Intact Investment Management Inc. boosted its stake in shares of Mattel by 14.0% during the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after purchasing an additional 11,400 shares during the period. Sawtooth Solutions LLC boosted its stake in shares of Mattel by 15.3% during the second quarter. Sawtooth Solutions LLC now owns 52,716 shares of the company’s stock valued at $1,135,000 after purchasing an additional 6,980 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Mattel by 10.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 396,735 shares of the company’s stock valued at $8,541,000 after purchasing an additional 38,559 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Mattel by 282.4% during the second quarter. Oppenheimer & Co. Inc. now owns 63,719 shares of the company’s stock valued at $1,372,000 after purchasing an additional 47,057 shares during the period. 93.54% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. BMO Capital Markets reissued a “buy” rating on shares of Mattel in a research note on Wednesday, June 7th. Jefferies Group LLC assumed coverage on Mattel in a research note on Thursday, June 8th. They set a “hold” rating and a $22.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $30.00 price objective on shares of Mattel in a research note on Monday, June 12th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price objective on shares of Mattel in a research note on Friday, June 9th. Finally, Monness Crespi & Hardt dropped their price target on Mattel from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.04.

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Mattel, Inc. (MAT) opened at 15.86 on Friday. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 22.75 and a beta of 0.87. The firm’s 50-day moving average price is $17.10 and its 200 day moving average price is $21.49. Mattel, Inc. has a 12 month low of $15.17 and a 12 month high of $33.23.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.05). The business had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS. On average, analysts anticipate that Mattel, Inc. will post $0.79 earnings per share for the current year.

In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the acquisition, the chief executive officer now owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% 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.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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