Bank of Montreal Can Decreases Stake in Mattel, Inc. (NASDAQ:MAT)

Bank of Montreal Can cut its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 564,238 shares of the company’s stock after selling 7,242 shares during the quarter. Bank of Montreal Can owned approximately 0.16% of Mattel worth $9,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after purchasing an additional 10,940,943 shares during the period. LSV Asset Management bought a new stake in Mattel during the 2nd quarter valued at $32,559,000. Dimensional Fund Advisors LP lifted its position in shares of Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. Capital International Investors grew its position in shares of Mattel by 7.4% in the fourth quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock valued at $347,128,000 after purchasing an additional 1,272,018 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Mattel during the 4th quarter valued at $15,642,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. DA Davidson reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mattel currently has a consensus rating of “Moderate Buy” and an average target price of $22.63.

Mattel Stock Performance

Shares of MAT opened at $19.04 on Monday. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.30. The company has a market capitalization of $6.55 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.25 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. The firm’s 50 day simple moving average is $18.98 and its 200 day simple moving average is $18.35.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data 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 net margin of 5.94% and a return on equity of 25.72%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $0.10 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts forecast that Mattel, Inc. will post 1.43 earnings per share for the current fiscal year.

About Mattel

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.