Mattel, Inc. (MAT) Holdings Increased by Shell Asset Management Co.

Shell Asset Management Co. raised its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 67.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,432 shares of the company’s stock after acquiring an additional 11,030 shares during the period. Shell Asset Management Co.’s holdings in Mattel were worth $431,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ariel Investments LLC raised its stake in shares of Mattel by 13.3% in the 2nd quarter. Ariel Investments LLC now owns 11,183,832 shares of the company’s stock worth $183,639,000 after buying an additional 1,314,295 shares in the last quarter. EdgePoint Investment Group Inc. bought a new stake in shares of Mattel in the 2nd quarter worth $58,736,000. Bank of New York Mellon Corp raised its stake in shares of Mattel by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,584,759 shares of the company’s stock worth $40,582,000 after buying an additional 79,991 shares in the last quarter. Tobam raised its stake in shares of Mattel by 7.6% in the 3rd quarter. Tobam now owns 2,478,725 shares of the company’s stock worth $38,916,000 after buying an additional 174,532 shares in the last quarter. Finally, Ardevora Asset Management LLP raised its stake in shares of Mattel by 10.3% in the 3rd quarter. Ardevora Asset Management LLP now owns 2,205,336 shares of the company’s stock worth $34,624,000 after buying an additional 205,800 shares in the last quarter.

Shares of Mattel stock opened at $13.43 on Friday. The firm has a market cap of $4.75 billion, a PE ratio of -12.44 and a beta of 1.09. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 4.28. Mattel, Inc. has a 12-month low of $12.21 and a 12-month high of $18.88.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Equities research analysts predict that Mattel, Inc. will post -1.02 EPS for the current fiscal year.

A number of research firms have recently commented on MAT. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Consumer Edge assumed coverage on Mattel in a research report on Monday, August 13th. They set an “equal weight” rating on the stock. UBS Group cut their target price on Mattel from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Finally, Wells Fargo & Co cut their target price on Mattel from $18.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Mattel presently has an average rating of “Hold” and an average price target of $14.70.

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Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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