Vontobel Holding Ltd. Acquires Shares of 3,895 Hasbro, Inc. (NASDAQ:HAS)

Vontobel Holding Ltd. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,895 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares during the period. Mizuho Securities USA LLC lifted its position in shares of Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Hasbro by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 97,039 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Hasbro by 9.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock valued at $56,034,000 after acquiring an additional 66,995 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of research reports. DA Davidson lifted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus cut their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.82% of the stock is owned by corporate insiders.

Hasbro Stock Down 2.2 %

HAS stock opened at $67.56 on Friday. The stock has a market capitalization of $9.42 billion, a P/E ratio of -14.56, a PEG ratio of 0.53 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a one year low of $48.63 and a one year high of $73.46. The company has a 50 day moving average price of $58.31 and a two-hundred day moving average price of $64.17.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.88 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.14%. Hasbro’s payout ratio is currently -60.34%.

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.