Capital International Investors Acquires 845,368 Shares of Mattel, Inc. (NASDAQ:MAT)

Capital International Investors increased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,231,375 shares of the company’s stock after buying an additional 845,368 shares during the period. Capital International Investors owned 5.59% of Mattel worth $380,974,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Partnership Wealth Management LLC acquired a new position in shares of Mattel in the 4th quarter valued at $61,000. International Assets Investment Management LLC grew its holdings in Mattel by 1,788.0% during the 4th quarter. International Assets Investment Management LLC now owns 7,552 shares of the company’s stock worth $143,000 after acquiring an additional 7,152 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in Mattel during the 4th quarter worth about $198,000. Panagora Asset Management Inc. grew its holdings in Mattel by 7.4% during the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after acquiring an additional 816 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in Mattel during the 4th quarter worth about $251,000. 97.15% of the stock is owned by institutional investors.

Insider Transactions at Mattel

In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mattel news, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares in the company, valued at approximately $1,925,947.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock valued at $1,709,321 over the last ninety days. 1.50% of the stock is owned by company insiders.

Mattel Price Performance

NASDAQ MAT traded up $0.26 during trading on Friday, hitting $19.17. 3,451,955 shares of the company’s stock were exchanged, compared to its average volume of 3,499,635. The company has a market cap of $6.60 billion, a PE ratio of 23.10, a P/E/G ratio of 1.19 and a beta of 0.86. The company has a current ratio of 2.58, a quick ratio of 1.88 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $18.31. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.64.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Research analysts expect that Mattel, Inc. will post 1.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Monday. Roth Mkm restated a “neutral” rating and set a $21.00 target price on shares of Mattel in a report on Wednesday, April 24th. Bank of America lifted their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.63.

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.