Mutual of America Capital Management LLC Has $4.12 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Mutual of America Capital Management LLC trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,276 shares of the company’s stock after selling 11,916 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Mattel worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. boosted its stake in Mattel by 43.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 16,026 shares of the company’s stock valued at $389,000 after purchasing an additional 4,817 shares during the period. Raymond James & Associates boosted its position in shares of Mattel by 5.3% in the first quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock valued at $269,000 after acquiring an additional 604 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Mattel by 50.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,724 shares of the company’s stock valued at $327,000 after acquiring an additional 4,934 shares during the period. US Bancorp DE grew its stake in shares of Mattel by 454.7% in the first quarter. US Bancorp DE now owns 31,012 shares of the company’s stock worth $689,000 after acquiring an additional 25,421 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Mattel by 2.5% during the first quarter. PNC Financial Services Group Inc. now owns 39,485 shares of the company’s stock worth $876,000 after acquiring an additional 948 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Price Performance

Mattel stock opened at $17.97 on Wednesday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.23 and a beta of 0.96. Mattel, Inc. has a 12-month low of $16.20 and a 12-month high of $22.64. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The business’s 50-day simple moving average is $19.36 and its 200 day simple moving average is $19.18.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Mattel had a net margin of 3.94% and a return on equity of 21.25%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, research analysts anticipate that Mattel, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MAT shares. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and cut their price target for the company from $24.00 to $19.00 in a report on Monday, February 5th. Stifel Nicolaus reduced their target price on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Jefferies Financial Group boosted their price target on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Roth Capital cut shares of Mattel from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $19.00 target price (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Mattel currently has an average rating of “Moderate Buy” and an average target price of $22.13.

About Mattel

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.