Bank of New York Mellon Corp Buys 201,856 Shares of Hasbro, Inc. $HAS

Bank of New York Mellon Corp lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,618,256 shares of the company’s stock after buying an additional 201,856 shares during the period. Bank of New York Mellon Corp’s holdings in Hasbro were worth $132,697,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Hasbro by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after buying an additional 453,038 shares in the last quarter. State Street Corp increased its holdings in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after buying an additional 122,592 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Hasbro by 30.9% in the third quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock valued at $224,338,000 after purchasing an additional 697,836 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio focused on creating next-generation character experiences and licensing its iconic IP to partners, potentially expanding monetization of its brand portfolio. Hasbro Launching an AI Studio That Will Let Companies License Its Stable of Characters
• Positive Sentiment: Hasbro also announced a program to license its characters to AI experiences, with reports that ElevenLabs is partnering with the company, reinforcing the idea that Hasbro can turn its IP into recurring digital licensing revenue. ElevenLabs Partners with Hasbro’s AI Studios to License Characters
• Positive Sentiment: Separately, Zacks highlighted HAS as one of the best consumer dividend stocks to buy, pointing to its strong-buy ranking and dividend appeal, which may help support investor confidence. Best Consumer Dividend Stocks to Buy Now: HAS, KVUE, MOV
• Neutral Sentiment: Additional coverage focused on Hasbro’s latest toy releases featuring Transformers, X-Men, and Star Wars, underscoring continued strength in its core franchise business but without a major new financial catalyst. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
• Neutral Sentiment: Several other reports repeated the same AI-studio announcement, amplifying the story but not adding materially new information. Hasbro Launches AI-Powered Versions of Its Iconic Characters: Which Ones Are Included?

Analyst Ratings Changes

A number of analysts recently weighed in on HAS shares. The Goldman Sachs Group raised their price target on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings lowered shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. BNP Paribas Exane raised their price target on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wells Fargo & Company lowered their price target on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Finally, UBS Group raised their price target on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.64.

Hasbro Price Performance

Shares of HAS stock opened at $84.18 on Friday. Hasbro, Inc. has a 52-week low of $65.43 and a 52-week high of $106.98. The stock has a market cap of $11.91 billion, a PE ratio of -50.71, a PEG ratio of 2.08 and a beta of 0.48. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The firm’s 50 day moving average price is $91.75 and its two-hundred day moving average price is $89.99.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. As a group, analysts forecast that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, June 1st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.