Mutual of America Capital Management LLC Has $3.17 Million Stake in Mattel, Inc. $MAT

Mutual of America Capital Management LLC trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT) by 7.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,580 shares of the company’s stock after selling 12,816 shares during the period. Mutual of America Capital Management LLC’s holdings in Mattel were worth $3,167,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after buying an additional 1,195 shares in the last quarter. Parallel Advisors LLC grew its stake in Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after buying an additional 1,054 shares in the last quarter. IFP Advisors Inc grew its stake in Mattel by 90.6% during the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after buying an additional 1,053 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Mattel during the first quarter worth about $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after buying an additional 1,468 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Up 4.8%

Shares of NASDAQ MAT opened at $19.18 on Friday. The company has a 50 day simple moving average of $17.88 and a 200 day simple moving average of $18.00. The firm has a market cap of $6.18 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.12.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.60%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson reduced their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Capital set a $20.00 price target on shares of Mattel and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.86.

Mattel 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.