Massachusetts Financial Services Co. MA Has $119.86 Million Position in Mattel, Inc. (NASDAQ:MAT)

Massachusetts Financial Services Co. MA raised its holdings in Mattel, Inc. (NASDAQ:MAT) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,291,976 shares of the company’s stock after acquiring an additional 27,204 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Mattel were worth $119,862,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Mattel during the third quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after purchasing an additional 1,052 shares during the period. Blue Trust Inc. grew its holdings in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Mattel in the third quarter valued at approximately $34,000. 97.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MAT shares. Jefferies Financial Group raised their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Bank of America raised their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of “Hold” and a consensus target price of $23.75.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $18.69 on Friday. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.95 and a beta of 0.78. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The business has a fifty day simple moving average of $19.09 and a 200 day simple moving average of $18.39. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (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 company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue was down 3.9% on a year-over-year basis. Sell-side analysts expect that Mattel, Inc. will post 1.46 EPS 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.