Grantham Mayo Van Otterloo & Co. LLC Acquires 39,799 Shares of Mattel, Inc. $MAT

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Mattel, Inc. (NASDAQ:MAT) by 196.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,079 shares of the company’s stock after buying an additional 39,799 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Mattel were worth $1,011,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MAT. State of Wyoming lifted its holdings in shares of Mattel by 4.3% in the third quarter. State of Wyoming now owns 15,251 shares of the company’s stock worth $257,000 after acquiring an additional 634 shares during the last quarter. Jones Financial Companies Lllp increased its position in Mattel by 12.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock worth $113,000 after purchasing an additional 747 shares in the last quarter. Sei Investments Co. increased its position in Mattel by 1.7% during the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after purchasing an additional 758 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Mattel by 537.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Mattel by 12.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 11,459 shares of the company’s stock valued at $193,000 after buying an additional 1,241 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley set a $18.00 price target on shares of Mattel in a report on Wednesday, February 11th. Weiss Ratings lowered Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Citigroup cut Mattel from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $16.00 in a report on Wednesday, February 11th. The Goldman Sachs Group increased their target price on Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, Roth Mkm set a $16.00 price target on Mattel in a research note on Wednesday, February 11th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.44.

Mattel Price Performance

Shares of NASDAQ MAT opened at $16.11 on Thursday. The company has a market capitalization of $4.87 billion, a PE ratio of 12.79 and a beta of 0.72. The company has a quick ratio of 1.76, a current ratio of 2.15 and a debt-to-equity ratio of 1.04. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.48. The firm has a fifty day simple moving average of $19.16 and a 200 day simple moving average of $18.99.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.85 billion. Mattel had a return on equity of 20.72% and a net margin of 7.44%.The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. On average, sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.