Farmers & Merchants Investments Inc. decreased its position in Mattel, Inc. (NASDAQ:MAT) by 46.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,869 shares of the company’s stock after selling 46,025 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Mattel were worth $1,138,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MAT. ELM Advisors LLC raised its stake in shares of Mattel by 10.9% in the first quarter. ELM Advisors LLC now owns 10,133 shares of the company’s stock valued at $260,000 after buying an additional 1,000 shares during the period. Verde Servicos Internacionais S.A. purchased a new stake in shares of Mattel during the first quarter valued at $297,000. Gulf International Bank UK Ltd raised its stake in shares of Mattel by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 102,850 shares of the company’s stock valued at $2,633,000 after buying an additional 1,700 shares during the period. Creative Planning raised its stake in shares of Mattel by 19.0% in the first quarter. Creative Planning now owns 19,263 shares of the company’s stock valued at $493,000 after buying an additional 3,076 shares during the period. Finally, Cornerstone Investment Partners LLC raised its stake in shares of Mattel by 12.0% in the first quarter. Cornerstone Investment Partners LLC now owns 59,945 shares of the company’s stock valued at $1,535,000 after buying an additional 6,445 shares during the period. Institutional investors own 92.56% of the company’s stock.
Shares of Mattel, Inc. (MAT) traded down 2.04% on Friday, reaching $16.82. The company’s stock had a trading volume of 5,161,673 shares. Mattel, Inc. has a 1-year low of $16.82 and a 1-year high of $33.98. The company’s 50 day moving average is $19.81 and its 200-day moving average is $22.82. The stock has a market cap of $5.76 billion, a PE ratio of 24.13 and a beta of 0.84.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.05. The company had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. Mattel’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. On average, equities analysts predict that Mattel, Inc. will post $0.80 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Monday, August 21st. Mattel’s dividend payout ratio is currently 220.29%.
ILLEGAL ACTIVITY WARNING: This news story was first reported by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/mattel-inc-mat-shares-sold-by-farmers-merchants-investments-inc-updated-updated-updated.html.
Several analysts have recently weighed in on MAT shares. Argus lowered Mattel from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Barclays PLC reaffirmed an “equal weight” rating and set a $25.00 target price (down from $30.00) on shares of Mattel in a research report on Sunday, April 23rd. Zacks Investment Research lowered Mattel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Monness Crespi & Hardt cut their target price on Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, April 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Mattel in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.65.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of Mattel stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is currently owned by insiders.
Mattel Company Profile
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.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.