Mutual of America Capital Management LLC Has $1.17 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Mutual of America Capital Management LLC decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,147 shares of the company’s stock after selling 366 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hasbro were worth $1,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd bought a new stake in Hasbro in the second quarter worth $27,000. Asset Dedication LLC increased its holdings in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Hasbro in the 2nd quarter valued at approximately $46,000. Finally, Summit Securities Group LLC bought a new stake in Hasbro during the second quarter worth approximately $47,000. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HAS shares. Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley upped their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus boosted their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Hasbro Trading Up 2.9 %

Shares of HAS opened at $64.35 on Tuesday. The stock’s 50-day moving average price is $68.32 and its 200 day moving average price is $64.37. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 12-month low of $44.85 and a 12-month high of $73.46. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of -13.87, a P/E/G ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. As a group, research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

About Hasbro

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.