DekaBank Deutsche Girozentrale Purchases 19,369 Shares of Mattel, Inc. (MAT)
DekaBank Deutsche Girozentrale boosted its position in Mattel, Inc. (NASDAQ:MAT) by 37.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,424 shares of the company’s stock after buying an additional 19,369 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Mattel were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. CIBC World Markets Inc. bought a new stake in Mattel during the third quarter worth about $762,000. American International Group Inc. increased its holdings in shares of Mattel by 5.5% in the third quarter. American International Group Inc. now owns 148,828 shares of the company’s stock worth $2,337,000 after buying an additional 7,735 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Mattel by 3.2% in the third 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 during the period. Janus Henderson Group PLC increased its holdings in shares of Mattel by 35.8% in the third quarter. Janus Henderson Group PLC now owns 172,498 shares of the company’s stock worth $2,709,000 after buying an additional 45,436 shares during the period. Finally, Norinchukin Bank The increased its holdings in shares of Mattel by 13.6% in the third quarter. Norinchukin Bank The now owns 44,266 shares of the company’s stock worth $695,000 after buying an additional 5,288 shares during the period.
Several research firms have recently commented on MAT. Zacks Investment Research upgraded Mattel from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Consumer Edge began coverage on Mattel in a report on Monday, August 13th. They issued an “equal weight” rating on the stock. UBS Group decreased their price objective on Mattel from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, August 16th. Finally, Wells Fargo & Co decreased their price objective on Mattel from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Mattel presently has an average rating of “Hold” and an average target price of $14.70.
Mattel (NASDAQ:MAT) last announced its quarterly 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 net margin of 17.99% and a negative return on equity of 65.25%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. On average, sell-side analysts expect that Mattel, Inc. will post -1.02 earnings per share for the current year.
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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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