Amundi Makes New Investment in Mattel, Inc. $MAT

Amundi purchased a new position in Mattel, Inc. (NASDAQ:MAT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 154,084 shares of the company’s stock, valued at approximately $2,994,000.

Other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont increased its stake in Mattel by 995.8% in the 1st 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. Fifth Third Bancorp increased its stake in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after buying an additional 962 shares in the last quarter. UMB Bank n.a. increased its stake in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after buying an additional 1,447 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Mattel in the 1st quarter worth $59,000. Finally, Sound Income Strategies LLC increased its stake in Mattel by 10,226.7% in the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock worth $60,000 after buying an additional 3,068 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Roth Capital set a $22.00 price objective on Mattel and gave the company a “neutral” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Citigroup raised their price objective on Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, June 16th. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, DA Davidson restated a “buy” rating and set a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and an average price target of $24.38.

Mattel Trading Up 0.4%

MAT opened at $18.00 on Friday. The firm has a market cap of $5.80 billion, a P/E ratio of 11.61, a P/E/G ratio of 2.18 and a beta of 0.66. 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 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $18.42 and a 200 day moving average of $18.47.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The firm’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current 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.