Mutual of America Capital Management LLC Sells 12,816 Shares of Mattel, Inc. $MAT

Mutual of America Capital Management LLC decreased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,580 shares of the company’s stock after selling 12,816 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mattel were worth $3,167,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in Mattel by 479.5% during the 1st quarter. Cerity Partners LLC now owns 79,159 shares of the company’s stock worth $1,538,000 after purchasing an additional 65,499 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Mattel by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 775,203 shares of the company’s stock worth $15,062,000 after purchasing an additional 2,601 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Mattel during the 1st quarter worth approximately $475,000. Bank of New York Mellon Corp grew its position in shares of Mattel by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company’s stock worth $48,834,000 after buying an additional 54,430 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Mattel during the 1st quarter worth approximately $375,000. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ MAT opened at $19.18 on Friday. The company has a fifty day simple moving average of $17.88 and a 200 day simple moving average of $18.00. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.18 billion, a P/E ratio of 14.31, a PEG ratio of 2.33 and a beta of 0.68.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. DA Davidson reduced their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Finally, Roth Capital set a $20.00 price objective on shares of Mattel and gave the stock a “neutral” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.