Jupiter Topco LLC Invests $1.66 Million in Mattel, Inc. $MAT

Key Points

• Jupiter Topco LLC acquired 119,574 Mattel shares worth approximately $1.66 million, while institutional investors collectively own 97.15% of the company.
• Mattel reported quarterly revenue of $1.13 billion, up 10.5% year over year and above estimates, but earnings of $0.01 per share missed consensus expectations of $0.04.
• Analyst sentiment is mixed, with Mattel holding an average rating of “Hold” and an average price target of $17.80; the stock recently traded near $14.53.

Jupiter Topco LLC purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 119,574 shares of the company's stock, valued at approximately $1,660,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAT. Public Employees Retirement System of Ohio boosted its position in shares of Mattel by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company's stock worth $1,688,000 after purchasing an additional 623 shares in the last quarter. Sei Investments Co. raised its stake in Mattel by 1.7% in the second quarter. Sei Investments Co. now owns 45,736 shares of the company's stock valued at $902,000 after buying an additional 758 shares during the last quarter. Quinn Opportunity Partners LLC boosted its holdings in Mattel by 4.5% in the fourth quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company's stock worth $359,000 after acquiring an additional 774 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Mattel by 6.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company's stock worth $276,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Mattel by 107.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company's stock valued at $40,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

MAT opened at $14.53 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm's 50-day moving average price is $14.41 and its 200 day moving average price is $14.86. The firm has a market capitalization of $4.15 billion, a PE ratio of 10.68, a PEG ratio of 1.57 and a beta of 0.72. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly 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 net margin of 7.79% and a return on equity of 16.20%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the firm posted $0.19 earnings per share. Mattel's revenue 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, sell-side analysts expect that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Insider Transactions at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the sale, the executive vice president owned 144,390 shares in the company, valued at $2,168,737.80. This represents a 21.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Odeon Capital Group began coverage on Mattel in a report on Thursday, July 16th. They issued a "buy" rating on the stock. Roth Capital reduced their price objective on Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Finally, Citigroup dropped their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, July 10th. One research 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 issued a Sell rating to the company's stock. According to MarketBeat, Mattel has an average rating of "Hold" and an average price target of $17.80.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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