Capital International Investors Decreases Position in Mattel, Inc. (NASDAQ:MAT)

Capital International Investors decreased its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 84.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,187,746 shares of the company's stock after selling 17,199,761 shares during the period. Capital International Investors owned 0.95% of Mattel worth $56,519,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in Mattel in the fourth quarter valued at $394,000. Mariner LLC lifted its holdings in shares of Mattel by 35.5% in the 4th quarter. Mariner LLC now owns 15,097 shares of the company's stock valued at $268,000 after purchasing an additional 3,959 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Mattel by 54.8% in the 4th quarter. Sterling Capital Management LLC now owns 20,220 shares of the company's stock valued at $359,000 after purchasing an additional 7,159 shares during the period. Treasurer of the State of North Carolina increased its position in Mattel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company's stock worth $2,638,000 after buying an additional 930 shares during the period. Finally, LSV Asset Management grew its position in shares of Mattel by 79.5% during the fourth quarter. LSV Asset Management now owns 4,094,465 shares of the company's stock worth $72,595,000 after acquiring an additional 1,813,865 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

Shares of MAT traded down $0.02 during mid-day trading on Friday, hitting $15.76. The company's stock had a trading volume of 1,074,579 shares, compared to its average volume of 3,569,817. The firm has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $18.83. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The firm has a market capitalization of $5.09 billion, a P/E ratio of 9.85, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter last year, the company posted $0.29 EPS. Analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on MAT. DA Davidson raised Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.40.

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.