Grantham Mayo Van Otterloo & Co. LLC Buys 39,799 Shares of Mattel, Inc. $MAT

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 196.2% during the third quarter, Holdings Channel.com reports. The firm owned 60,079 shares of the company’s stock after acquiring an additional 39,799 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Mattel were worth $1,011,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State of Wyoming increased its position in Mattel by 4.3% in the 3rd quarter. State of Wyoming now owns 15,251 shares of the company’s stock valued at $257,000 after buying an additional 634 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Mattel by 12.6% in the third quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock worth $113,000 after acquiring an additional 747 shares in the last quarter. Sei Investments Co. boosted its holdings in Mattel by 1.7% in the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after acquiring an additional 758 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after acquiring an additional 1,140 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Mattel by 12.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 11,459 shares of the company’s stock valued at $193,000 after acquiring an additional 1,241 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

MAT stock opened at $16.11 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.15 and a debt-to-equity ratio of 1.04. The firm has a market cap of $4.87 billion, a PE ratio of 12.79 and a beta of 0.72. The business has a 50 day moving average of $19.16 and a 200-day moving average of $18.99. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.48.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $0.35 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, sell-side analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAT. Roth Mkm set a $16.00 target price on Mattel in a research report on Wednesday, February 11th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Citigroup downgraded shares of Mattel from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $16.00 in a report on Wednesday, February 11th. Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Finally, DA Davidson reduced their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mattel has a consensus rating of “Hold” and a consensus price target of $18.44.

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.