Mattel, Inc. $MAT is OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s 7th Largest Position

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 25.0% in the fourth quarter, Holdings Channel reports. The firm owned 973,829 shares of the company’s stock after selling 324,400 shares during the period. Mattel comprises about 2.1% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 7th largest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mattel were worth $19,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. purchased a new position in Mattel during the 4th quarter worth $390,000. Corient Private Wealth LLC purchased a new stake in Mattel in the fourth quarter valued at about $2,534,000. Mercer Global Advisors Inc. ADV raised its stake in Mattel by 144.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,070 shares of the company’s stock valued at $795,000 after buying an additional 23,673 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Mattel in the fourth quarter worth about $455,000. Finally, VARCOV Co. acquired a new stake in Mattel in the fourth quarter worth about $1,027,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Price Performance

Mattel stock opened at $14.04 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. The business’s 50-day simple moving average is $14.74 and its two-hundred day simple moving average is $17.21. The company has a market cap of $4.08 billion, a PE ratio of 8.89, a PEG ratio of 1.26 and a beta of 0.72. Mattel, Inc. has a fifty-two week low of $13.61 and a fifty-two week high of $22.48.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAT. UBS Group restated a “buy” rating and set a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. JPMorgan Chase & Co. lowered their target price on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Wells Fargo & Company decreased their price target on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.22.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.