Bank of New York Mellon Corp Has $107.43 Million Position in Hasbro, Inc. $HAS

Bank of New York Mellon Corp increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,416,400 shares of the company’s stock after buying an additional 7,019 shares during the quarter. Bank of New York Mellon Corp owned 1.01% of Hasbro worth $107,434,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HAS. CYBER HORNET ETFs LLC bought a new position in Hasbro in the second quarter valued at $25,000. First Horizon Corp acquired a new position in shares of Hasbro during the 3rd quarter worth about $29,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro in the 2nd quarter valued at about $28,000. Pittenger & Anderson Inc. acquired a new stake in shares of Hasbro in the second quarter valued at about $35,000. Finally, Mather Group LLC. bought a new stake in Hasbro during the third quarter worth about $39,000. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the transaction, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This represents a 18.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on HAS. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Citigroup boosted their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Seaport Research Partners upgraded shares of Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Roth Mkm set a $96.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Wolfe Research raised their target price on shares of Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Hasbro Stock Down 1.3%

Hasbro stock opened at $89.31 on Monday. The company’s 50-day moving average price is $84.18 and its two-hundred day moving average price is $79.61. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The stock has a market cap of $12.53 billion, a P/E ratio of -22.27, a P/E/G ratio of 1.60 and a beta of 0.56. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $90.80.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.