Capital Research Global Investors Boosts Stock Holdings in Hasbro, Inc. $HAS

Capital Research Global Investors boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,225,875 shares of the company’s stock after buying an additional 162,354 shares during the period. Capital Research Global Investors’ holdings in Hasbro were worth $264,522,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HAS. Vanguard Group Inc. boosted its holdings in shares of Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after purchasing an additional 453,038 shares during the last quarter. State Street Corp boosted its holdings in shares of Hasbro by 2.1% during the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after purchasing an additional 131,678 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hasbro by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after purchasing an additional 122,592 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after purchasing an additional 651,790 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Hasbro by 30.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock worth $224,338,000 after purchasing an additional 697,836 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio focused on creating next-generation character experiences and licensing its iconic IP to partners, potentially expanding monetization of its brand portfolio. Hasbro Launching an AI Studio That Will Let Companies License Its Stable of Characters
• Positive Sentiment: Hasbro also announced a program to license its characters to AI experiences, with reports that ElevenLabs is partnering with the company, reinforcing the idea that Hasbro can turn its IP into recurring digital licensing revenue. ElevenLabs Partners with Hasbro’s AI Studios to License Characters
• Positive Sentiment: Separately, Zacks highlighted HAS as one of the best consumer dividend stocks to buy, pointing to its strong-buy ranking and dividend appeal, which may help support investor confidence. Best Consumer Dividend Stocks to Buy Now: HAS, KVUE, MOV
• Neutral Sentiment: Additional coverage focused on Hasbro’s latest toy releases featuring Transformers, X-Men, and Star Wars, underscoring continued strength in its core franchise business but without a major new financial catalyst. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
• Neutral Sentiment: Several other reports repeated the same AI-studio announcement, amplifying the story but not adding materially new information. Hasbro Launches AI-Powered Versions of Its Iconic Characters: Which Ones Are Included?

Hasbro Price Performance

Hasbro stock opened at $84.18 on Monday. Hasbro, Inc. has a twelve month low of $65.43 and a twelve month high of $106.98. The stock’s fifty day simple moving average is $91.75 and its 200-day simple moving average is $90.08. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The firm has a market capitalization of $11.91 billion, a P/E ratio of -50.71, a P/E/G ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts expect that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, June 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s dividend payout ratio is currently -168.67%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAS. JPMorgan Chase & Co. boosted their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. UBS Group boosted their target price on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. DA Davidson restated a “neutral” rating and set a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. Bank of America upped their price objective on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $113.64.

About Hasbro

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.