154,084 Shares in Mattel, Inc. $MAT Acquired by Amundi

Amundi purchased a new position in Mattel, Inc. (NASDAQ:MAT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 154,084 shares of the company’s stock, valued at approximately $2,994,000.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont boosted its stake in Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after purchasing an additional 1,195 shares during the last quarter. Fifth Third Bancorp boosted its stake in Mattel by 52.9% during the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock valued at $54,000 after purchasing an additional 962 shares during the last quarter. UMB Bank n.a. boosted its stake in Mattel by 93.5% during the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock valued at $58,000 after purchasing an additional 1,447 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Mattel during the 1st quarter valued at $59,000. Finally, Sound Income Strategies LLC boosted its stake in Mattel by 10,226.7% during the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock valued at $60,000 after purchasing an additional 3,068 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Price Performance

Shares of Mattel stock opened at $18.00 on Friday. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The stock’s fifty day moving average is $18.42 and its 200 day moving average is $18.47. The stock has a market cap of $5.80 billion, a P/E ratio of 11.61, a P/E/G ratio of 2.18 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.19 EPS. Mattel’s revenue for the quarter was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MAT. Citigroup increased their target price on Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 16th. DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. JPMorgan Chase & Co. increased their price target on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Roth Capital set a $22.00 price target on Mattel and gave the company a “neutral” rating in a report on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.38.

Mattel 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.