Federated Hermes Inc. Has $816,000 Position in Mattel, Inc. (NASDAQ:MAT)

Federated Hermes Inc. lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,169 shares of the company’s stock after acquiring an additional 3,662 shares during the quarter. Federated Hermes Inc.’s holdings in Mattel were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAT. Capital International Investors lifted its position in shares of Mattel by 4.6% in the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after purchasing an additional 845,368 shares during the period. Ariel Investments LLC grew its holdings in Mattel by 0.7% during the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock worth $308,705,000 after acquiring an additional 112,786 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Mattel by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Norges Bank acquired a new position in shares of Mattel in the 4th quarter valued at about $71,256,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Mattel by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company’s stock valued at $47,404,000 after purchasing an additional 51,687 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAT has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.63.

Mattel Price Performance

Mattel stock opened at $19.23 on Monday. The business has a fifty day moving average price of $18.74 and a 200-day moving average price of $18.39. The firm has a market capitalization of $6.62 billion, a P/E ratio of 23.17, a PEG ratio of 1.19 and a beta of 0.80. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.30.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Mattel, Inc. will post 1.43 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.