Mattel, Inc. (NASDAQ:MAT) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Mattel, Inc. (NASDAQ:MAT) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,134,691 shares of the company’s stock after buying an additional 17,309 shares during the period. Geode Capital Management LLC’s holdings in Mattel were worth $116,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MAT. Nisa Investment Advisors LLC grew its holdings in Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after buying an additional 693 shares in the last quarter. GAMMA Investing LLC boosted its position in Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares during the period. CWM LLC boosted its position in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,097 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Mattel by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of 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 period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Down 1.1 %

NASDAQ:MAT opened at $18.66 on Wednesday. The stock has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $18.49. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. 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. JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley increased their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.75.

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.