Massachusetts Financial Services Co. MA Decreases Position in Mattel, Inc. (NASDAQ:MAT)

Massachusetts Financial Services Co. MA decreased its stake in Mattel, Inc. (NASDAQ:MAT) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,272,070 shares of the company’s stock after selling 19,906 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.86% of Mattel worth $111,204,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Mattel during the 4th quarter valued at about $164,000. Diametric Capital LP grew its stake in shares of Mattel by 122.3% during the fourth quarter. Diametric Capital LP now owns 50,914 shares of the company’s stock valued at $903,000 after buying an additional 28,014 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Mattel by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company’s stock worth $192,255,000 after buying an additional 1,491,282 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Mattel by 7.1% during the 4th quarter. Alliancebernstein L.P. now owns 484,263 shares of the company’s stock worth $8,586,000 after acquiring an additional 32,178 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Mattel during the 4th quarter valued at $5,622,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

MAT has been the subject of several research analyst reports. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. DA Davidson raised their target price on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price target on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Performance

Shares of MAT stock opened at $16.45 on Friday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 52-week low of $15.44 and a 52-week high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $20.25 and its 200 day moving average is $19.28.

Mattel (NASDAQ:MAT) last released its quarterly 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 return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the business posted $0.29 earnings per share. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel Company 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.