Universal Beteiligungs und Servicegesellschaft mbH Acquires 105,558 Shares of Mattel, Inc. (NASDAQ:MAT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Mattel, Inc. by 47.2% during the 1st quarter, holding 329,254 shares worth approximately $6.4 million by quarter's end.
• Mattel reported a quarterly earnings per share of $0.19, surpassing estimates but experienced a 5.7% decline in year-over-year revenue, totaling $1.02 billion.
• Wall Street analysts maintain a mixed outlook on Mattel, with an average rating of "Moderate Buy" and a target price of $24.38, reflecting optimism and caution in current market conditions.

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 47.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 329,254 shares of the company's stock after acquiring an additional 105,558 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Mattel worth $6,397,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MAT. Trust Co. of Vermont grew its holdings in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after buying an additional 1,195 shares in the last quarter. Fifth Third Bancorp grew its stake in Mattel by 52.9% during the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after purchasing an additional 962 shares in the last quarter. Quarry LP grew its holdings in Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after acquiring an additional 1,781 shares in the last quarter. UMB Bank n.a. increased its holdings in Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after buying an additional 1,447 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in Mattel by 10,226.7% during the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock worth $60,000 after purchasing an additional 3,068 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of analyst reports. Roth Capital set a $22.00 price objective on Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. DA Davidson reiterated a "buy" rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. JPMorgan Chase & Co. upped their price target on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Mattel has an average rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel Stock Performance

Mattel stock traded up $0.23 during trading hours on Monday, reaching $17.66. 7,148,393 shares of the company were exchanged, compared to its average volume of 4,155,053. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $19.37 and a 200 day moving average of $18.88. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 2.14 and a beta of 0.66. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business posted $0.19 EPS. The business's quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

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.