Bessemer Group Inc. Raises Stake in Hasbro, Inc. (HAS)

Bessemer Group Inc. increased its position in Hasbro, Inc. (NASDAQ:HAS) by 9.3% during the second quarter, Holdings Channel reports. The firm owned 6,329 shares of the company’s stock after buying an additional 537 shares during the period. Bessemer Group Inc.’s holdings in Hasbro were worth $706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Creative Planning boosted its position in Hasbro by 11.5% in the first quarter. Creative Planning now owns 6,344 shares of the company’s stock worth $633,000 after buying an additional 652 shares during the period. Gulf International Bank UK Ltd boosted its position in Hasbro by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 33,959 shares of the company’s stock worth $3,389,000 after buying an additional 200 shares during the period. National Pension Service bought a new position in Hasbro during the first quarter worth approximately $11,453,000. Bank of Montreal Can boosted its position in Hasbro by 14.0% in the first quarter. Bank of Montreal Can now owns 113,694 shares of the company’s stock worth $11,348,000 after buying an additional 13,948 shares during the period. Finally, Fox Run Management L.L.C. boosted its position in Hasbro by 57.5% in the first quarter. Fox Run Management L.L.C. now owns 6,300 shares of the company’s stock worth $629,000 after buying an additional 2,300 shares during the period. 79.23% of the stock is owned by hedge funds and other institutional investors.

Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 97.16 on Friday. The firm has a market cap of $12.15 billion, a P/E ratio of 21.04 and a beta of 0.90. The firm’s 50-day moving average is $107.06 and its 200-day moving average is $101.86. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $116.20.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Analysts anticipate that Hasbro, Inc. will post $5.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.35%. Hasbro’s payout ratio is currently 49.35%.

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A number of research analysts recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a report on Friday, July 21st. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a report on Thursday, July 13th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $105.69.

In other Hasbro news, CEO Brian Goldner sold 205,656 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $105.69, for a total value of $21,735,782.64. Following the completion of the sale, the chief executive officer now owns 354,891 shares in the company, valued at $37,508,429.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total value of $2,471,138.51. Following the completion of the sale, the executive vice president now owns 28,511 shares of the company’s stock, valued at approximately $3,036,706.61. The disclosure for this sale can be found here. Insiders sold 967,258 shares of company stock valued at $101,532,888 in the last quarter. Corporate insiders own 11.00% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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