Bessemer Group Inc. Has $378,000 Holdings in Hasbro, Inc. $HAS

Bessemer Group Inc. lessened its stake in Hasbro, Inc. (NASDAQ:HAS) by 63.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,112 shares of the company’s stock after selling 8,933 shares during the quarter. Bessemer Group Inc.’s holdings in Hasbro were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Vanguard Group Inc. grew its holdings in shares of Hasbro by 0.6% during the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock worth $1,012,374,000 after purchasing an additional 105,624 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after acquiring an additional 227,477 shares during the last quarter. Northern Trust Corp boosted its holdings in Hasbro by 7.4% in the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company’s stock valued at $87,499,000 after acquiring an additional 98,425 shares during the last quarter. Deutsche Bank AG boosted its holdings in Hasbro by 15.3% in the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock valued at $79,312,000 after acquiring an additional 170,749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hasbro by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company’s stock valued at $74,856,000 after acquiring an additional 27,547 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is owned by company insiders.

Analyst Ratings Changes

HAS has been the topic of several analyst reports. DA Davidson upped their target price on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. UBS Group increased their price target on Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Morgan Stanley upped their target price on Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. The Goldman Sachs Group upped their target price on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.25.

Hasbro Trading Down 0.3%

Shares of Hasbro stock opened at $76.31 on Monday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19. The firm has a market cap of $10.70 billion, a PE ratio of -19.03, a P/E/G ratio of 0.98 and a beta of 0.60. The stock has a fifty day moving average price of $76.69 and a 200-day moving average price of $72.52. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.73 EPS. Equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Hasbro’s dividend payout ratio is presently -69.83%.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.