Bank of New York Mellon Corp Has $132.70 Million Position in Hasbro, Inc. $HAS

Key Points

• Bank of New York Mellon increased its stake in Hasbro by 14.3% in the fourth quarter, ending with 1.62 million shares worth about $132.7 million and representing 1.15% of the company.
• Hasbro reported a strong quarter, with EPS of $1.47 beating expectations and revenue of $1.0 billion topping estimates; sales rose 12.7% year over year.
• The company also announced a quarterly dividend of $0.70 per share, while recent news highlighted its push into AI licensing through Sixth Wall and related character-licensing partnerships.

Bank of New York Mellon Corp raised its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,618,256 shares of the company's stock after purchasing an additional 201,856 shares during the quarter. Bank of New York Mellon Corp owned 1.15% of Hasbro worth $132,697,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro in the second quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in shares of Hasbro in the second quarter worth $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Hasbro in the third quarter worth $34,000. Wexford Capital LP acquired a new position in shares of Hasbro in the third quarter worth $37,000. Finally, Leonteq Securities AG acquired a new position in shares of Hasbro in the fourth quarter worth $49,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 0.3%

HAS stock opened at $84.18 on Friday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a 52-week low of $65.43 and a 52-week high of $106.98. The company has a 50-day moving average of $91.75 and a two-hundred day moving average of $89.99. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of -50.71, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $969.20 million. During the same period in the prior year, the company earned $1.04 earnings per share. The business's quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Hasbro's dividend payout ratio (DPR) is presently -168.67%.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio focused on creating next-generation character experiences and licensing its iconic IP to partners, potentially expanding monetization of its brand portfolio. Hasbro Launching an AI Studio That Will Let Companies License Its Stable of Characters
• Positive Sentiment: Hasbro also announced a program to license its characters to AI experiences, with reports that ElevenLabs is partnering with the company, reinforcing the idea that Hasbro can turn its IP into recurring digital licensing revenue. ElevenLabs Partners with Hasbro's AI Studios to License Characters
• Positive Sentiment: Separately, Zacks highlighted HAS as one of the best consumer dividend stocks to buy, pointing to its strong-buy ranking and dividend appeal, which may help support investor confidence. Best Consumer Dividend Stocks to Buy Now: HAS, KVUE, MOV
• Neutral Sentiment: Additional coverage focused on Hasbro’s latest toy releases featuring Transformers, X-Men, and Star Wars, underscoring continued strength in its core franchise business but without a major new financial catalyst. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
• Neutral Sentiment: Several other reports repeated the same AI-studio announcement, amplifying the story but not adding materially new information. Hasbro Launches AI-Powered Versions of Its Iconic Characters: Which Ones Are Included?

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Roth Mkm set a $120.00 price objective on shares of Hasbro in a report on Wednesday, February 11th. BNP Paribas Exane upped their price objective on shares of Hasbro from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Zacks Research upgraded shares of Hasbro from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 27th. UBS Group upped their price objective on shares of Hasbro from $99.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Finally, Weiss Ratings cut shares of Hasbro from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $113.64.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company's brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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