Geode Capital Management LLC Has $118.89 Million Position in Mattel, Inc. $MAT

Geode Capital Management LLC reduced its holdings in Mattel, Inc. (NASDAQ:MAT) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,991,201 shares of the company’s stock after selling 122,444 shares during the quarter. Geode Capital Management LLC’s holdings in Mattel were worth $118,888,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Mattel by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after buying an additional 623 shares in the last quarter. State of Wyoming grew its holdings in Mattel by 4.3% during the 3rd 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 period. GAMMA Investing LLC grew its holdings in Mattel by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 9,344 shares of the company’s stock worth $185,000 after acquiring an additional 693 shares during the period. Jones Financial Companies Lllp grew its holdings 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 acquiring an additional 747 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Mattel by 1.7% during the second 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. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MAT shares. Citigroup cut shares of Mattel from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $16.00 in a research report on Wednesday, February 11th. Weiss Ratings cut shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Argus raised shares of Mattel to a “strong-buy” rating in a research report on Friday, March 13th. DA Davidson cut their price target on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, UBS Group reissued a “buy” rating and set a $28.00 price target on shares of Mattel in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Mattel has an average rating of “Hold” and a consensus price target of $18.22.

Mattel Stock Down 0.8%

Shares of MAT opened at $14.08 on Friday. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.48. The firm has a market cap of $4.09 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.27 and a beta of 0.72. The firm’s 50-day simple moving average is $14.77 and its 200 day simple moving average is $17.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the prior year, the business earned ($0.03) EPS. Mattel’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts forecast that Mattel, Inc. will post 1.31 earnings per share 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.