Bank of New York Mellon Corp Reduces Position in Mattel, Inc. (NASDAQ:MAT)

Bank of New York Mellon Corp lessened its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,458,906 shares of the company’s stock after selling 90,241 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mattel were worth $43,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MAT. Creative Planning lifted its stake in shares of Mattel by 42.8% during the 3rd quarter. Creative Planning now owns 15,026 shares of the company’s stock valued at $286,000 after buying an additional 4,504 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after buying an additional 1,160 shares in the last quarter. US Bancorp DE lifted its stake in shares of Mattel by 7.1% during the 3rd quarter. US Bancorp DE now owns 21,096 shares of the company’s stock valued at $402,000 after buying an additional 1,400 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Mattel by 24.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 106,568 shares of the company’s stock valued at $2,030,000 after buying an additional 21,030 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Mattel by 13.8% during the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after buying an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Mattel stock opened at $20.67 on Friday. The company’s 50-day moving average price is $19.53 and its 200-day moving average price is $19.17. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The company has a market cap of $6.89 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the firm posted $0.29 EPS. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAT shares. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson lifted their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

About Mattel

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.