Eads & Heald Wealth Management Acquires New Position in Mattel, Inc. $MAT

Eads & Heald Wealth Management bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 59,160 shares of the company’s stock, valued at approximately $749,000.

Several other hedge funds also recently made changes to their positions in the company. Evergreen Capital Management LLC bought a new stake in shares of Mattel in the 3rd quarter valued at approximately $370,000. State of Alaska Department of Revenue lifted its stake in Mattel by 15.9% during the third quarter. State of Alaska Department of Revenue now owns 90,894 shares of the company’s stock worth $1,150,000 after purchasing an additional 12,496 shares during the last quarter. GAMMA Investing LLC lifted its stake in Mattel by 43.0% during the third quarter. GAMMA Investing LLC now owns 4,311 shares of the company’s stock worth $55,000 after purchasing an additional 1,297 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Mattel by 253.8% in the third quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock worth $45,000 after purchasing an additional 2,553 shares during the period. Finally, Byrne Asset Management LLC acquired a new position in Mattel in the third quarter worth $174,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Insiders Place Their Bets

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the completion of the transaction, the executive vice president owned 144,390 shares in the company, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Mattel Stock Performance

MAT opened at $15.53 on Tuesday. The business’s 50 day moving average is $15.00 and its 200-day moving average is $15.50. The stock has a market cap of $4.44 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.62 and a beta of 0.70. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a twelve month low of $12.40 and a twelve month high of $22.48.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Mattel, Inc. will post 1.30 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAT. Citigroup boosted their target price on shares of Mattel from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, October 13th. UBS Group restated a “buy” rating on shares of Mattel in a research report on Thursday, October 1st. Odeon Capital Group initiated coverage on shares of Mattel in a report on Thursday, July 16th. They issued a “buy” rating for the company. Weiss Ratings downgraded shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Argus reaffirmed a “buy” rating and set a $22.00 price objective on shares of Mattel in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Mattel presently has an average rating of “Hold” and an average target price of $18.00.

Mattel Profile

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and consumer products. Its best-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Matchbox, UNO, Masters of the Universe and Thomas & Friends. Mattel also develops entertainment content and licenses its intellectual property for use in consumer products, digital experiences and other media.

Founded in 1945, Mattel has expanded from a U.S.