Amundi Decreases Stake in Mattel, Inc. $MAT

Key Points

• Amundi cut its Mattel stake by 88.3% in the second quarter, selling 107,313 shares and retaining 14,159 shares valued at approximately $197,000. Institutional investors collectively own 97.15% of Mattel.
• Mattel’s executive vice president Roberto Isaias sold 39,083 shares for about $587,000, reducing his position by 21.3%; insiders own 1.9% of the company.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $17.80. Mattel reported revenue growth of 10.5% year over year in its latest quarter but missed earnings estimates, posting $0.01 EPS versus $0.04 expected.

Amundi lessened its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 88.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,159 shares of the company's stock after selling 107,313 shares during the period. Amundi's holdings in Mattel were worth $197,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MAT. SJS Investment Consulting Inc. boosted its position in Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company's stock worth $25,000 after purchasing an additional 1,687 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Mattel during the 2nd quarter worth approximately $38,000. Rakuten Securities Inc. purchased a new stake in Mattel in the 2nd quarter valued at approximately $42,000. Allworth Financial LP grew its holdings in Mattel by 34.6% during the 4th quarter. Allworth Financial LP now owns 4,182 shares of the company's stock valued at $83,000 after buying an additional 1,076 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Mattel during the 2nd quarter valued at $67,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Insider Activity at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of Mattel stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.02, for a total transaction of $587,026.66. Following the completion of the sale, the executive vice president owned 144,390 shares of the company's stock, valued at $2,168,737.80. This trade represents a 21.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MAT shares. Citigroup reduced their price objective on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, July 10th. The Goldman Sachs Group cut Mattel from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $15.00 to $12.00 in a research report on Thursday, July 9th. Odeon Capital Group started coverage on shares of Mattel in a research note on Thursday, July 16th. They issued a "buy" rating for the company. Weiss Ratings lowered shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Finally, Roth Capital decreased their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.80.

Mattel Stock Performance

MAT opened at $13.26 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The firm has a market cap of $3.79 billion, a PE ratio of 9.75, a P/E/G ratio of 1.46 and a beta of 0.72. The business has a fifty day simple moving average of $14.48 and a 200-day simple moving average of $14.62. Mattel, Inc. has a fifty-two week low of $12.73 and a fifty-two week high of $22.48.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $0.19 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.31 EPS for the current fiscal year.

About Mattel

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets toys, games and consumer products. Its portfolio includes well-known brands such as Barbie, Hot Wheels, Fisher-Price, Matchbox, American Girl, UNO, Thomas & Friends and Masters of the Universe.

The company also develops entertainment and experiences based on its intellectual property, including content, films, television projects, digital games, live events and location-based attractions. Mattel generates additional business through licensing its brands for products and services produced by other companies.

Founded in 1945 and headquartered in El Segundo, California, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.

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