Morningstar Investment Management LLC Makes New $311,000 Investment in Hasbro, Inc. $HAS

Morningstar Investment Management LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,213 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Hasbro in the fourth quarter worth $317,000. Farther Finance Advisors LLC raised its holdings in shares of Hasbro by 16.2% in the first quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $91,000 after acquiring an additional 205 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Hasbro by 13.4% in the first quarter. GAMMA Investing LLC now owns 3,534 shares of the company’s stock worth $217,000 after acquiring an additional 417 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Hasbro by 396.5% in the first quarter. SG Americas Securities LLC now owns 15,398 shares of the company’s stock worth $947,000 after acquiring an additional 12,297 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hasbro by 60.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock worth $1,021,000 after acquiring an additional 6,225 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hasbro

In related news, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer directly owned 249,861 shares in the company, valued at $19,719,030.12. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock worth $2,970,828 in the last three months. 0.85% of the stock is owned by company insiders.

Hasbro Stock Up 1.0%

Shares of Hasbro stock opened at $73.14 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The business’s 50 day simple moving average is $77.55 and its 200-day simple moving average is $70.34. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of -18.01, a PEG ratio of 0.93 and a beta of 0.60. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. Equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, August 20th. Hasbro’s dividend payout ratio (DPR) is currently -68.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HAS shares. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Monness Crespi & Hardt upped their target price on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. UBS Group upped their target price on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Citigroup upped their target price on Hasbro from $79.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group upgraded Hasbro from a “neutral” rating to a “buy” rating and upped their target price for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.64.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.