Geode Capital Management LLC Decreases Stock Position in Mattel, Inc. $MAT

Geode Capital Management LLC lowered its position in Mattel, Inc. (NASDAQ:MAT) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,991,201 shares of the company’s stock after selling 122,444 shares during the quarter. Geode Capital Management LLC owned 1.93% of Mattel worth $118,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after acquiring an additional 1,140 shares in the last quarter. Quarry LP acquired a new position in shares of Mattel in the 3rd quarter worth approximately $28,000. Farther Finance Advisors LLC increased its holdings in shares of Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after acquiring an additional 1,048 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Mattel during the 3rd quarter valued at approximately $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

NASDAQ MAT opened at $14.08 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The company has a market cap of $4.09 billion, a PE ratio of 8.91, a PEG ratio of 1.27 and a beta of 0.72. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.48. The stock’s 50-day moving average price is $14.77 and its two-hundred day moving average price is $17.61.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. DA Davidson dropped their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Mattel in a research report on Thursday, March 5th. Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group increased their price objective on Mattel from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.22.

Mattel Company 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.