Mutual of America Capital Management LLC Reduces Holdings in Hasbro, Inc. (NASDAQ:HAS)

Mutual of America Capital Management LLC lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,717 shares of the company’s stock after selling 430 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hasbro were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also 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 fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock valued at $83,068,000 after purchasing an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after purchasing an additional 97,039 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent analyst reports. Roth Mkm increased their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. DA Davidson upped their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus cut their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Price Performance

HAS stock opened at $64.35 on Monday. The firm has a 50 day simple moving average of $59.89 and a two-hundred day simple moving average of $64.21. The stock has a market cap of $8.98 billion, a PE ratio of 23.40, a P/E/G ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a one year low of $50.89 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.35%. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

Hasbro 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.