Mattel, Inc. (NASDAQ:MAT) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its position in Mattel, Inc. (NASDAQ:MAT) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,651 shares of the company’s stock after selling 5,519 shares during the quarter. MetLife Investment Management LLC’s holdings in Mattel were worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAT. UMB Bank n.a. raised its stake in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Mattel in the third quarter valued at $29,000. GAMMA Investing LLC grew its holdings in Mattel by 108.5% in the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after purchasing an additional 1,052 shares during the last quarter. Blue Trust Inc. grew its holdings in Mattel by 143.2% in 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 acquired a new stake in shares of Mattel during the third quarter valued at $34,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAT. JPMorgan Chase & Co. increased their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.75.

Mattel Price Performance

Shares of MAT opened at $18.80 on Wednesday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.98 and a beta of 0.76. The stock has a 50 day moving average of $19.04 and a 200-day 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, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.08 EPS. The business’s revenue was down 3.9% on a year-over-year basis. As a group, analysts forecast that Mattel, Inc. will post 1.46 EPS for the current year.

Mattel 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.