Bank of New York Mellon Corp Raises Stake in Mattel, Inc. (NASDAQ:MAT)

Bank of New York Mellon Corp lifted its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,513,336 shares of the company's stock after purchasing an additional 54,430 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Mattel worth $48,834,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Mattel by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 775,203 shares of the company's stock worth $15,062,000 after buying an additional 2,601 shares during the last quarter. Teacher Retirement System of Texas raised its position in Mattel by 18.8% during the first quarter. Teacher Retirement System of Texas now owns 251,398 shares of the company's stock worth $4,885,000 after acquiring an additional 39,834 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after purchasing an additional 1,195 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Mattel in the first quarter valued at approximately $475,000. Finally, Blue Trust Inc. increased its stake in shares of Mattel by 94.6% during the 1st quarter. Blue Trust Inc. now owns 4,859 shares of the company's stock worth $94,000 after purchasing an additional 2,362 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Trading Down 0.2%

Shares of NASDAQ MAT traded down $0.03 on Monday, reaching $19.94. 2,436,985 shares of the company traded hands, compared to its average volume of 3,990,108. The stock has a market capitalization of $6.44 billion, a PE ratio of 12.78, a P/E/G ratio of 2.09 and a beta of 0.66. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average of $19.20 and a 200 day moving average of $18.80.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The firm had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. Mattel had a net margin of 9.82% and a return on equity of 25.80%. Mattel's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup increased their target price on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. Morgan Stanley increased their price objective on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. DA Davidson restated a "buy" rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lowered their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Mattel presently has a consensus rating of "Moderate Buy" and an average target price of $24.13.

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.