Cetera Investment Advisers Has $437,000 Position in Mattel, Inc. $MAT

Cetera Investment Advisers grew its holdings in Mattel, Inc. (NASDAQ:MAT) by 87.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,509 shares of the company’s stock after purchasing an additional 10,528 shares during the quarter. Cetera Investment Advisers’ holdings in Mattel were worth $437,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont lifted its stake in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after acquiring an additional 1,195 shares during the period. Fifth Third Bancorp lifted its stake in shares of Mattel by 52.9% during the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock valued at $54,000 after acquiring an additional 962 shares during the period. Quarry LP lifted its stake in shares of Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after acquiring an additional 1,781 shares during the period. UMB Bank n.a. lifted its stake in shares of Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock valued at $58,000 after acquiring an additional 1,447 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of Mattel by 10,226.7% during the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock valued at $60,000 after acquiring an additional 3,068 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $18.18 on Monday. The stock has a market cap of $5.86 billion, a P/E ratio of 11.73, a PEG ratio of 2.21 and a beta of 0.62. The stock has a 50 day simple moving average of $18.87 and a 200 day simple moving average of $18.80. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. Research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on MAT shares. Morgan Stanley increased their target price on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Citigroup increased their price target on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, June 16th. The Goldman Sachs Group decreased their price objective on Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Roth Capital set a $22.00 price objective on Mattel and gave the stock a “neutral” rating in a report on Friday, July 11th. Finally, DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.38.

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.