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

Mutual of America Capital Management LLC reduced its position in shares of Mattel, Inc. (NASDAQ:MAT) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 218,276 shares of the company’s stock after selling 11,916 shares during the period. Mutual of America Capital Management LLC’s holdings in Mattel were worth $4,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAT. Trust Co. of Vermont boosted its stake in shares of Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Money Concepts Capital Corp bought a new position in Mattel in the 4th quarter valued at approximately $29,000. Belpointe Asset Management LLC boosted its position in Mattel by 193.5% in the first quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock valued at $33,000 after buying an additional 1,190 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Mattel during the third quarter worth $52,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of Mattel during the third quarter worth $53,000. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAT has been the subject of a number of research reports. Roth Capital cut Mattel from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $19.00 in a report on Monday, February 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $20.00 price objective (down previously from $24.00) on shares of Mattel in a research note on Thursday, January 4th. TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Finally, DA Davidson upped their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Mattel currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

Mattel Price Performance

Shares of NASDAQ MAT opened at $17.97 on Wednesday. The company has a market capitalization of $6.18 billion, a PE ratio of 29.46, a P/E/G ratio of 1.23 and a beta of 0.96. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. Mattel, Inc. has a twelve month low of $16.20 and a twelve month high of $22.64. The firm has a fifty day simple moving average of $19.36 and a 200 day simple moving average of $19.18.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts forecast that Mattel, Inc. will post 1.37 EPS for the current year.

Mattel Company Profile

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.